Here’s a piece I wrote for the On the Money blog for Children and Young People Now magazine. I’m hoping to hear a range of experiences – so feel free to get in touch.
Do you know a young person who has trouble spending money? Laugh at the idea, by all means. After all, [...]
How do you get national media to take notice of your school National Record of Achievement ceremony? Tower Hamlets students seem to have cracked it. You just turn up in a Ferrari. Or a Lamborghini or a Bentley or whatever flash car you can hire or borrow.
The Evening Standard, the Guardian and countless [...]
Students doing summer jobs used to be able to sign a form P38(S) and have their earnings paid without deduction of tax. Not any more. In April, PAYE started operating in real time. Standard PAYE now applies to all students. More will need to claim back tax at the end of the year.
There’s a [...]
Martine McCutcheon filed for bankruptcy yesterday. The Mirror dubbed her the biggest soap star since Mr Matey bubble bath. The Times listed her achievements: “a much-loved soap actress, a chart-topping singer, a highly acclaimed musical star, a bestselling novelist….”
She had fame, success and a lot of money. Now she can’t pay her debts. She’s [...]
Here are two bonkers arguments for financial education in schools. The first is from Mark Garnier MP, vice-chair of the all-party parliamentary group for financial education for young people. He told the Financial Times earlier this month, “We need to make sure the next generation are financially literate. Compulsory financial education could avert the next [...]
An economist who has analysed gift-giving isn’t impressed. “An orgy of value destruction and misallocated resources,” is what Prof Joel Waldfogel, author of Scroogenomics, calls it.
The problem is that when we buy for ourselves we have, or ought to have, a reasonably good notion of what the value is to us compared with the [...]
“Sorry mate, I’ve only got a £20 note.” No problem, I’ve got change. Marc the Big Issue seller was happy to sell a magazine to a friendly-seeming stranger. He wasn’t happy when he tried to spend the note. It was a forgery, worth nothing. That was his day’s earnings gone.
Young people are great users [...]
What goods and services do you need to take part in society? And how much would they cost if you added them all up?
The latest report on minimum income standards from the Joseph Rowntree Foundation led to headlines about overall costs – a single person needs an income of £16,400 a year before tax. [...]
Is it worth signing up for a course in health & beauty? Can a successful media student expect a job in the creative industry? Many have wondered. A report out this month could help young people make a more informed judgement. Hidden Talents, a report by the Centre for Economic & Social Inclusion, is a [...]
Two young men who were aimless and broke are now enthusiastic and committed trainee youth workers. They also have much-improved money skills. How? They used the services of an advice and counselling service which was helping pilot a peer education project.
Money is rarely the primary reason young people contact Youth Start, a confidential advice, [...]