Citizens Advice welcomes finance education plans

Government plans to make financial education part of the school curriculum have been welcomed by Citizens Advice.

A recent study by the Institute for Public Policy Research claimed that better financial decisions from a young age could save a couple with two children £32,000 by the time they reach 40.

And with finance basics set to be taught to pupils aged between 11 and 16, Citizens Advice has praised the move to provide such information to children.

“We know that a lot of debt problems are caused, at least in part, by a lack of understanding and a lack of confidence in dealing with money matters,” said a spokesperson for the service.

The spokesperson said that there are plenty of ways that children’s interest can be engaged in financial matters and suggested that budget planning should be at the crux of the syllabus.

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