Kids can win big by voicing their opinions on Financial Education

It has never been more important for young people to leave school equipped with the right skills to deal with the vital issues of finance.

An essay competition gives 13-18 yr olds a chance to win an Ipad2 plus work experience at a National newspaper.

The Daily Mail’s – Financial Mail is putting money education at the heart of their annual student essay competition.
They are asking school pupils and sixth-form students the simple question:

‘Who should be responsible for teaching you about personal finance?’

One of the objectives of the competition is to help young people learn more about personal finance, so judges will be looking
for evidence that you have carried out your own research to support your arguments.

The deadline for entries is November 25.
The top essay in each of two age groups – 13 to 15 and 16 to 18 – will earn its writer an Apple iPad 2 16GB, worth £350.

The winner in the older age category will also have the opportunity of a work experience placement with Financial Mail. 
More information is available here

New Financial Education Guide For Scottish Schools

Scottish schools are being encouraged to teach children about managing their
money through a new curriculum resource.

The document, Financial Education: A guide for teachers and managers, is
being handed to headteachers this week to provide additional guidance on how
financial education can be embedded in the new curriculum for excellence

It means children as young as three may be taught about managing their future
finances, as CfE applies to early-years education through to secondary

The resource, published by Glasgow City Council in conjunction with
government body Education Scotland, is being launched in schools within the
local authority’s area. The council said it is happy to make the guide available
to other councils if requested.

It highlights the importance of managing money and aims to teach children
about “the pitfalls” of spending more money than they can afford. Suggested
learning experiences include investigating mobile phone contracts, organising a
bring-and-buy sale and keeping a record of weekly finances using a

Bailie Jean McFadden, an executive member for education at the council, said
schools are the ideal place to teach youngsters how to make informed financial
decisions in the future. “You are never too young to learn about the importance
of money,” she said.

“Financial exclusion is both a symptom and a cause of poverty and has a
direct effect on the economic and social exclusion of Glasgow’s most vulnerable
citizens. Recent estimates show that Glasgow has a far higher rate of severe
child poverty than elsewhere in Scotland.

“Our schools have a responsibility to develop a preventative approach to
financial exclusion and we will do this in partnership with local community
support agencies. The new resource is a planned and coherent programme that sets
out the importance of managing money and avoiding the pitfalls of spending more
than you can afford.”

Glasgow City Council said the economic crisis means financial education has
never been so important for youngsters. It said the aim is to help its young
people get better at keeping track of their own finances as well as highlighting
the importance of making ends meet.

Jim Lally, director of the Scottish Centre for Financial Education, said:
“Education Scotland has welcomed the opportunity to work with the council in
supporting financial education through the publication of the new guide for
teachers and managers.”

The X Factor and Achieving Your Goals X Factor imageLove them or love them, reality talent shows such as the X Factor are a big part of popular culture. Viewers in their millions worldwide enjoy sharing ‘the journey’ and the drama of success and failure. This   article looks at what shows like the X Factor can teach us and our children about living our dreams and pursuing goals?

After the auditions, the boot camp and the final selection, the remaining contestants are left to battle it out over 12 weeks for a recording contract and a life of fame and fortune.

Imagine being in their shoes – how would you prepare to give yourself the best chance of being successful?


Over the next  90 days or so how can you get in shape to look and feel your best? What could you do to give yourself the energy to excel as well as to gain the  confidence of looking good?

Out would go the takeaways, alcohol, sugar, wheat and dairy and in would come exercise, water, lots of vegetables and good nutrition?

Q. If your future depended on it would you get up an hour earlier and go for a run or visit the gym?


How hard would you train to work on your performance, singing and dancing? Would you hang on the every word of your mentor, would you practice,  practice and practice some more?

Q. If you future depended on it would you cut back on the TV or internet to develop your skills?


How can you build the inner confidence and self belief required for outstanding achievement? Would you stay away from the naysayers who are ready to steal your dreams? Could you find time to read inspirational materials and spare a few minutes to relax or meditate?

Q. If your future depended on it would you write down your goals and visualise yourself achieving them every day?

Few of us will ever make it to the finals of a TV talent show but the principles for success remain the same. If your future depends on it (and it does) will you find the self discipline to invest the time and effort in yourself to gain the best chance of reaching your own personal goals?

After 3 months what would your health be like if you committed to exercise and eating well? Imagine the improvements to your career, school work or business if you dedicated time to developing your skills.

And consider the benefits of focussing on your goals, seeking positive mentors and inspiration and taking time to relax or meditate every day.

Why not use the X Factor as your personal training plan to reach your own goals. In 90 days you could change your body shape, write a book, launch a business, improve your grades, learn a new skill, language, hobby or whatever is within you just waiting to be expressed.

This way when you sit down to watch other people living their dreams you will have the satisfaction of knowing that you too are on your way to living yours.

The TV finalists have a very clear, defined goal within a clear, defined time frame. You  too can take that approach and write down your measurable specific goal. State your goal using positive words and in the present tense such as:

Whilst enjoying the X Factor Final I am delighted to have completed the first draft of my book / reached my ideal weight of / sold my first product online etc.

Your personal X Factor final might be just around the corner and by investing in yourself for just 90 days you are certain to be an outstanding success.

P.s. This is our 100th post on The Financial Fairy Tales Blog – please leave a comment or join us on Facebook or Twitter