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Students should be educated about finance

Thu, 19 Jul 2012
Financial education should become a compulsory part of the school curriculum for children from a young age in order to prepare them for later life.

This is the opinion of Kim Stephenson - occupational psychologist and author of Taming the Pound: Making Money Your Servant, Not Your Master - who said lessons of this nature need to be "integrated intelligently".

Mr Stephenson went on to note there has been significant demand from both parents and teachers for this type of education for some time, as it could benefit youngsters greatly in the long term.

He said there is a risk of lessons dealing with financial issues suffering a similar fate as Latin if introduced on the national curriculum in the instance education officials fail to make it interesting and captivating for pupils.

"With thought and cooperation between teachers, finance professionals and psychologists, it also makes it easier to integrate the learning," Mr Stephenson explained.