Lessons in money at Llwynhendy school
Pupils at Ysgol Bryn Teg in Llwynhendy, Llanelli, have been taught not to have more money than sense. And other schools are being urged to give their pupils the chance to learn the same lesson. A new financial literacy initiative, Synnwyr Arian, Money Sense, was taken to the school by Carmarthenshire County Council’s Trading Standards Service. The programme consists of a series of six one-hour lessons aimed at years five and six pupils who are sequentially taken through the "concept of money". Pupils are initially taught about the actual source of money, focussing upon different forms of employment, and payslips etc. Further sessions focus upon budgeting, the different methods of borrowing money, and the associated risks, finally finishing with information on consumers’ rights when purchasing faulty goods or services and how to get ‘value for money’. Fair Trading Officer Heidi Neil said: “The third lesson introduces pupils to concepts including income, outgoings, debt, and ba...