Personal finance education should not end at the school gates

David Kuo, Head of Personal Finance at Fool.co.uk, comments on the introduction of personal finance into the Secondary Curriculum: “The inclusion of Personal Finance topics into the new Secondary Curriculum is a long overdue initiative to prepare young adults in our society for the myriad of financial challenges they face.

“The new scheme should help provide the foundations for a better grasp of financial issues of today and tomorrow. Understanding how to prepare a budget, choosing the right mortgage and how to manage credit cards should no longer be the preserve of financial experts, but instead basic life skills that everyone needs to have.

“However, personal financial education should not end at the school gates. Hopefully, the inclusion of Personal Finance topics in the new Secondary will give students something to take home to talk to their parents about other than their end-of-term report cards.”