NatWest introduces new tools to help young people and children with special educational needs learn about money

NatWest has expanded its MoneySense programme to make it more accessible, to help young people and children with special educational needs and disabilities learn vital money management skills.

NatWest introduces new tools to help young people and children with special educational needs learn about money

Working in partnership with the National Association of Special Educational Needs (nasen), NatWest has developed new and tailored content to enable its free and impartial programme to better meet the needs of pupils with SEND across England and Wales. To date, NatWest MoneySense has supported over 11,000 teachers around the country, building towards a goal to educate a further 1 million young people about money by the end of 2018. Through introducing these new specially designed resources into classrooms NatWest will reach even more young people to help them understand money and banking. According to the London Institute of Banking and Finance, young people and adults with special educational needs and disabilities are especially vulnerable when it comes to managing money and, according to the Department for Education, 1 in 7 pupils have special educational needs in England.
 
The two new MoneySense lessons teach young people aged 8-12 how to pay for things and for 12-16 year olds how to keep their finances secure following the successful launch in February of two classes focused on learning about different coins and notes (5-8) as well as understanding the link between jobs and money (8-12). 
 
Advice from educational experts to NatWest found that for young people with SEND, money can be an abstract concept that is difficult to grasp. The new NatWest MoneySense topics are interactive and engaging, with extra time available to pupils to help them understand the lesson and tailored resources to help embed key learnings. 
 
Kirsty Britz, Director of Sustainable Banking, NatWest, welcomed the introduction: “We know how important it is to teach children and young people about money and I’m really pleased that we’ve been able to enhance the service we offer to those young people with special educational needs. Financial education is a vital part of staying safe and secure, but it’s important that it’s done in a way that encourages access and understanding.
 
“As we build towards educating a further 1 million young people about money by the end of 2018, I’d encourage all schools to use these free NatWest resources in their classrooms – it’s easy to register at mymoneysense.com.”
 
Adam Boddison, nasen’s CEO, says, “Money can be a difficult concept for children and young people with SEND to understand, but it is such an important life skill. I am delighted that NatWest have worked with us to produce these resources which should make the teaching of these concepts easier and more effective.”
 
“These resources are designed to make teaching more accessible for children and young people with a range of SEND, including dyslexia, autism and learning difficulties. Teachers should be able to choose from the plans the activities and approaches which suit the children and young people with whom they are working.”
 
NatWest MoneySense is the free flagship financial education programme from NatWest for 5–18 year-olds, helping young people to make sense of money and build a better financial future.
 
Last month, NatWest MoneySense introduced a new workshop module to teach young people aged 8-12 about the importance of avoiding scams and increase their awareness of fraud. The new fraud workshop saw pupils having to solve a number of clues and identify different types of fraud to help them learn how to keep themselves and their families safe from fraud and scams.
 
Resources are free to use for teachers and families, and the programme is supported by a network of enthusiastic bank employee volunteers, who help to deliver workshops in classrooms, supporting teaching staff to bring the outside world into schools. 
To find out more go to: mymoneysense.com
 

Related resources

  • Graduated approach prompt

    Tool - 30 Aug 2019 Silver AND Gold Member Only

    A useful tool for silver and gold members in the EYFS, primary, secondary and post-16 settings. This resource is designed to help teachers work their way through the graduated approach for those pupils that haven’t necessarily yet been identified with SEN but for whom there are initial concerns.

  • Pupil Passport

    Tool - 29 Aug 2019 Silver AND Gold Member Only

    Available to silver and gold members, this useful person centred working tool is suitable for those supporting pupils in Early Years, Primary, Secondary and post 16 settings. The resource can be used to outline a pupil’s key strengths, needs and the strategies and key adjustments to teaching that are needed every day. It can provide a useful vehicle for meaningful discussion around learning between the teacher and the pupil, involving them positively in discussing effective approaches to enable better engagement. Working in a person-centred way (across the whole setting), including the use of person-centred tools, is essential for not only populating the passport but also for getting the most from using it.

  • Reviewing your SEN information report

    Checklist - 27 Aug 2019 Silver AND Gold Member Only

    A useful editable checklist for silver and gold members. Aimed at SENCOs, this resource will help you check that your SEN information report is compliant with statutory requirements, and that it is useful and accessible for parents and young people. This resource will help you to meet statutory requirements and use person-centred practice (it is statutory to publish an SEN information report on a school website; Ofsted often look at it before an inspection).