Why Young People Need Better Financial Education by Noora Hossain
Financial education is one of the most important life skills we can have - and yet, it’s still missing from most school curriculums in the UK. While maths might briefly mention things like rates or percentages, it doesn’t prepare young people for the financial realities of adult life.
Most of us leave school without a clear understanding of how to budget, how to save, or even how to read a payslip. Without these basics, managing money can feel overwhelming, confusing and, quite honestly, stressful.
Why is Money Still a Taboo Subject?
For many people, money feels like an uncomfortable topic. There’s a lot of nervousness, shame or even embarrassment around talking about finances. We’re taught - often without realising - that it’s impolite or too personal to discuss money openly.
But here’s the thing: talking about money can be empowering. When we break the silence and start having honest, judgment-free conversations about finances, it helps lift the pressure and removes the mystery. It makes money feel more manageable and less scary.
It’s About Real-World Skills
This is precisely why I advocate for the integration of financial education into our education system. Financial education goes far beyond just understanding numbers; it’s about learning practical, yet simple skills that can be used in daily life.
Here are just a few examples:
Budgeting - Planning your spending so you can stay on top of your finances each month.
Saving - Putting aside money for unexpected situations, future goals, or just peace of mind.
Taxes - Gaining clarity on what’s deducted from your payslip and how the system works.
Setting financial goals - Developing a plan to achieve financial milestones. That could be saving up for your dream car or building an emergency fund! (no one said you can’t have fun with your money, it just means learning how to strike the right balance!)
These are the lessons that help you stay in control, make informed decisions, and reduce stress around money. Without them, it’s no wonder so many young people feel anxious when it comes to managing their finances.
Why I Care So Much About This
My passion for financial education comes from wanting to create a better, calmer future for young people. When we teach financial skills early on, we set the next generation up for confidence and independence.
Money shouldn’t be scary. It should be something we feel equipped to handle - something we talk about openly, without judgement or fear.
Imagine a world where young people leave school not just with exam results, but with real-life knowledge about how to manage their income, avoid debt, and plan for their future. That’s the kind of change I’d love to see.
Bridge the Knowledge Gap
If you’re looking to improve your financial knowledge, here are some great resources to get started:
Money Helper - A free UK-based service offering advice on budgeting, saving, and debt management.
MoneySavingExpert - Tips and tools for everything from saving money to understanding credit scores.
Young Money - Resources designed specifically for young people and educators.
This blog was authored by Noora Hossain, Marketing Specialist and Youth Ambassador for The Social Switch Project.