Teachers Building Society has been appointed to manage the Home Loans for Teachers scheme set up by the Old Etonian Housing Association (OEHA). The scheme provides interest-free loans to teachers working in Islington, Camden and Haringey who would otherwise be unable to purchase their own homes. To date, home loans have been made to 11 teachers and OEHA has now made more funds available for the scheme.

London teachers interested in finding out more about the scheme should contact Teachers Building Society on 0800 378 669 or send an email to lisa.hanger@teachersbs.co.uk.

Teachers Building Society offer a number of financial services for teachers and have a mailing list containing features and articles for people working in education. Anyone who registers will receive a special offer!

My Money is a £10 million investment by the Department for Children Schools and Families (DCSF) to deliver joined up lessons on personal finance in schools until 2011. As you may be aware, one of the key outcomes of the Every Child Matters agenda is for young people to achieve Economic Wellbeing. A major contributor to this is their ability to have the skills, knowledge and attitudes to manage their personal finances successfully.

The My Money Mathematics Resources were launched recently and comprises six themes built around different practical aspects of money. They are:

Money…

• what is it? – local trading schemes leading to currency exchange
• earning it – the world of work and take home pays
• spending it – buying and running a car
• investing it – savings accounts and investing in shares
• risking it – gambling and fruit machines
• being enterprising with it – setting up an ice-cream business (geometric investigation)

Mathematical demand increases throughout each theme, from National Curriculum Level 1 (Entry Level 1) to National Curriculum Level 8 (GCSE Grade B+) but can be easily extended to challenge the brightest pupils. The activities have been designed to give teachers the freedom to create their own units of work, as recommended by National Strategies, but individual activities can also be used within discrete starter–main–plenary lessons.

Download the resources here.

The Teachers Building Society has produced a set of podcasts and resources for teachers. These include:

• Podcasts – the most recent podcast gives tips for saving money and information on ISAs.
• Moving Home Checklists – A very handy list for those who are moving house in the near future.
• Articles – A set of interesting articles to help teachers, and others, to manage their money.

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