The UK authorities decided to introduce financial literacy lessons as part of the fight against the consequences of the crisis that began in 2008. At first, the ability to manage money was taught as an optional course, then this course was included in the math plan.
After some time, a survey was conducted among schoolchildren to determine how much they themselves feel the need for this knowledge. 60% of students said that they were able to properly plan their budget thanks to the school course.
In 2014, financial literacy in British schools became an independent compulsory subject. In elementary school, children are taught for three years what personal accounts are and how to keep them. Then another three years in high school provide information about credit and debit cards, loans, loans, the basics of home economics.
Since the subject has become compulsory, there are many resources available to help teachers create teaching methods and tools. The educational project MyBnk, for example, has developed a children's board game called Money Marathon.
Children are also given special forms for targeted savings: there they can indicate the purchase for which they are collecting money, and calculate how long and how much they need to save.
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