Why Teaching Students About Money Matters More Than Ever
In today’s fast-changing world, financial literacy is no longer a “nice-to-have” skill – it’s essential. For UK primary and secondary school students, understanding money isn’t just about pounds and pence: it’s about preparing for independence, making informed choices, and building resilience for the future.
Understanding the Basics
“64% [of students] say they can’t afford all the resources needed to revise, with 51% reporting financial stress impacts their ability to concentrate at school.” (the-educator.org)
With their mental wellbeing in mind, Boomerang’s 2025-26 primary and secondary student planners are themed around ‘Money Matters’, with a weekly explanation of things like the difference between debit and credit cards, what age you can get a part time job, or what cryptocurrency is.
The Current Landscape
Research shows that many young people leave school without the confidence to manage money effectively.
From September 2028, both primary and secondary schools in England will need to teach financial literacy through statutory ‘citizenship’ lessons, covering budgeting, mortgages, compound interest, money management, and spotting misinformation.
Future student planners could be customised to include useful pages suitable for your own school’s particular family demographics.
Why Financial Education Is Crucial
“Children and young people who receive a meaningful financial education are more likely to be active savers, have a bank account that they use, and be confident with money management.” (Parliament publication)
Real-Life Relevance: from managing pocket money to planning for university costs, students face financial decisions earlier than ever.
Combatting Debt Culture: with easy access to credit and online spending, young people need the tools to avoid falling into debt traps.
Empowering Future Choices: whether it’s saving for a first car, budgeting for rent, or understanding taxes, financial literacy underpins adult life.
The Bigger Picture
Teaching primary and secondary students smart money habits isn’t just about budgeting – it’s about building confidence and helping to manage mental wellbeing by reducing stress. By learning to plan, save, and spend wisely, they gain control over their finances and their future. Empower them today, so financial worries don’t overshadow tomorrow’s opportunities.
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