Interactive Investor launching Personal Finance Teacher of the Year Awards to recognise those who are finding best ways to teach children about money
The annual search to find the country’s best personal finance teachers begins tomorrow.
Wealth manager Interactive Investor is launching its Personal Finance Teacher of the Year Awards to recognise those individuals who are finding the best ways to teach children about money.
A prize pot of £25,000 will be shared among the winning teachers’ schools, and the first 250 teachers who enter the awards will receive a £50 Amazon shopping voucher. Good lessons in personal finance at school can be invaluable and help set young people’s attitudes to money for life.
Savvy saver: Good lessons in personal finance at school can be invaluable and help set young people’s attitudes to money for life
Yet many schools do not teach it or roll it up in other lessons such as maths. Of the children who do learn about money in schools, only a quarter enjoy it, according to a survey carried out for the Bank of England last year.
The Personal Finance Teacher of the Year Awards celebrate the teachers who find innovative and engaging ways to spark up their lessons. Guy Acres, a teacher at Joseph Hood Primary School in South West London, won one of last year’s awards. He used his origami skills, acquired while teaching in Japan, to encourage his ten and 11-year-old students to set up a paper aeroplane business.
The students had to borrow money for paper, pay interest on the loans and taxes on profits, and grapple with the challenge of marketing internationally and the perils of moving exchange rates.
Darren Collins, another winner and teacher at The Sittingbourne School in Kent, held an imaginative series of online assemblies during the first lockdown.
He taught his pupils how the stock market works, the power of compound interest and the importance of disciplined saving. Moira O’Neill, head of personal finance at Interactive Investor, says: ‘I never cease to marvel at how creative teachers can be in putting together ambitious lesson plans that drive lifelong personal finance messages home.’
Parents and pupils can nominate teachers by emailing email@example.com – providing the teacher’s name, as well the name and address of the school. The deadline is July 2. The teacher will then be asked to submit a lesson plan and supporting statement by July 15. Teachers can also nominate themselves.