Personal Financial Education
Data & Personal Security Cashcast
To help prepare teachers and students for the introduction of statutory personal finance education as part of the wider personal, social, health and economic education (PSHE education) in 2011, Mutual One along with 4 Building Societies (Ipswich, Loughborough, Saffron and Teachers) is collectively engaged in
distributing personal finance education to schools in their area.
Like most organisations, we take our social responsibility very seriously and want to help the future workers in our communities equip themselves better for the complex world of finance. These days, too many people get themselves into debt very early in life and spend several years trying to keep up with life’s constant demands on their cash. If we want to prepare students for the financial complexities of modern life and get into some of the better financial habits, such as saving regularly, something has to be done and this initiative will help provide schools with the right resources.
To make the lessons more appealing to students a series of 15 podcast modules, known as ‘Cashcasts’, have been developed which students can download onto their iPod or media player from the internet. The Cashcasts which last between 5 – 12 minutes contain information on lots of different subjects around finance, like budgeting, mortgages, overdrafts and credit and debit cards, all topics relevant to the everyday lives of young people.
The Cashcasts and the accompanying resource workbook are designed to be used during lessons on personal finance and are complementary to work students will undertake to meet Keystage 4 of the National Curriculum on Personal Finance. Overall these will give students more information on the terms used about finance on a daily basis and help them to learn to budget, be sensible with their money and not get into debt in the future.
Mutual One are further developing the Cashcasts and resource workbook and currently expect to have them accredited with the Personal Finance Education Group quality mark within the next few weeks, making the Cashcasts the only approved podcasts on financial literacy in the UK.
Any organisation can take part in this initiative; the Cashcasts are a great example of good corporate social responsibility and represent a great opportunity to provide innovative delivery of personal finance education in their area, along with of course providing excellent public relation opportunities!
If you would like to know more about Cashcasts or to take part in this initiative, please contact Karen Alexander on 0116 289 4090 or email karen.alexander@mutual-one.co.uk