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Financial management is an important skill which will enable you to take control of your income and expenditure. It includes earning a living, setting a budget, paying bills and saving & investing.
Finance Resource Packs
Making Sense of Finance — Part 1
Covering the history of money, how to make money work for you, managing money, budgeting, saving & borrowing and banking.
- Age range: 12 years and upwards
- Category: Schools
- Last revised: 2022
- Pages: 57
Price: £8.99 Now: £4.49
Although the ability to handle money is a key life skill, unfortunately, it is rarely, if ever, taught at school and people are supposed to instinctively know how to manage finances.
Managing Your Finances
It is important to learn how to manage your finances. Being organised financially can reduce stress and enable you to make better life plans.
The first step which will help you take control of your finances is to set a budget. Personal budgeting will give you a clear idea of what money is coming in each month alongside what needs to be paid and when.
Money management also includes looking at how to make money as well as ways to make the most of it through wise investments. Financial planning also includes debt management, saving and borrowing, understanding mortgages, bank loans, credit and store cards.
A sound understanding of finance will help you spot areas where you can make money and save for the future, thereby enabling you to stay debt free.
Free Finance Resources
Financial Awareness Online
Being financially aware online is important. This free resource covers the issues. Our resource pack Making Sense of Finance goes into more detail about how to manage money as well as how to keep your finances secure online.
- Category: Schools
- Pages: 6
Free Download