As the Chancellor what economic decisions would you make? What would your Budget for the country be? Which taxes will you levy on society? Where would you choose to spend the money you’ve raised? Here is a chance for the young people in your school to have their say. Watch this video to find out more:

Click here to view the embedded video.

Chance to be Chancellor is a competition that is open to all 14-18 year olds across the UK and their decisions will form the Youth Budget 2012. For a chance to win the national competition, visit the Paying for It site.

MoneySmartWorld have a wide range of money worksheets, curriculum based lesson plans, practical money management workbooks, story books and informative articles specifically designed to help young people learn about money. Their resources are designed for all ages.

As well as the paid resources, there are also lots of free resources to download, so take a look!

Learning about money is an important part of life and education… here are links to some sites and resources which may be useful to you:

• This BBC report shows schools in Northern Ireland where lessons in personal finance are compulsory for all children.
• The following Youtube video shows five tips to teach younger children good money habits:

www.childrensmoneyworld.com

www.moneysmartworld.com

Do you have a favourite resource when teaching children about money? Please let us know about it by suggesting it in the comments… thank you!

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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.

You can also sign up to receive a newsletter containing features and articles relevant to people working in education.