For parents
You might have arrived at the MoneySense for Schools website as
a result of searching for clear information and guidance to help
your children learn about money management, or you might know that
you son or daughter has been using the resource at school or at
home.
Ulster Bank believes that an informed and financially capable
generation will be a successful one and is committed to delivering
on this priority through the MoneySense programme.
MoneySense teaches 11-19 years of age all about money.
It's independent and does not promote products or services.
The programme makes learning easy and fun.
The MoneySense for Schools website has four modules which take
students through a range of topics on banking, borrowing, budgeting
and running a small business.
There's something in MoneySense for Schools for everyone aged
between 11-19.
How you can help
- If you give your children pocket money or an allowance
regularly, encourage them to start budgeting. Talk about how and where they
might save part of their income, however small. You could also
suggest opening a savings account.
- You'll find the Planning your future
module particularly helpful. Get your children involved in the
household budget and ask for ideas about how to cut back on
expenses such as reducing waste, using less electricity and gas or
walking to school/work rather than taking the car. There's a sample
weekly shopping list in the Planning your
future module which will help your children to realise
how much basics like food cost so they are more prepared when the
time comes to leave home.
- It's easy to slip into the 'buy now, pay later' attitude to
spending, but what is the real cost of a loan or an unpaid credit
card bill? The Credit worthy module is a
good place to start finding out.
Find out more information
In partnership with Parentline, Ulster Bank has launched a new
family friendly booklet "Making the most of your family
budget". It gives sensible and practical tips to help budget,
manage spending, know where to find out about benefits and
encourage your children to develop good money habits.
Click here to download a copy of this
booklet.
Tell us what you think
If you would like to share any experience of MoneySense for
Schools, have feedback or questions, send us an email at moneysense@ulsterbank.com.
MoneySense for Adults
The new website is expected to go live in July 2012.
In the meantime, do check out our MoneySense Life Guides through
the links below.
MoneySense for Lone Parents
Making the most of your Family Budget