PSHCEe: Money matters

‘HOW do you keep your money safe?’ and ‘What happens if a bank fails?’ were just some of the burning questions Year 7 students posed to a financial expert.

The students picked up valuable advice on how to manage their money in a virtual question-and-answer session with bank manager Bev Ramus.

The Yorkshire Bank & Virgin Money branch manager led the series of PSHCEe (personal, social, health, citizenship and economic education) Q&A sessions as part of a money skills project students are working on.

She was delighted by the range of fascinating questions they asked over the school’s Microsoft Teams virtual communication platform.

“From the quality of the questions it was really clear that they’d had some excellent class discussions beforehand around finances.

“A common question was around the difference between a debit and credit card and how to keep your money safe.”

Among other things, students learnt more about how safe online and mobile app banking was and how to protect their money: “We talked quite a bit about never divulging PIN/passwords and card safety,” added Ms Ramus.

Ms Ramus said: “It’s been a pleasure to be invited into the school via Teams for these sessions and I hope they’ve been beneficial. I’ve certainly enjoyed them along with the great variety of questions the students asked.”

Having attended a careers event at RGS in early 2020, Ms Ramus said: “It was a pleasure to be invited back.”

Students’ questions included:

What’s the difference between a debit card and a credit card?

What’s bankruptcy?

How do you open an account?

How old do you have to be to open an account?

What’s VAT?

What’s inflation?

What makes people decide where to open an account?

What’s an investment?

How do you keep your money safe?

What happens if a Bank fails?

How safe is our money?

What’s an ISA?

What happens if there isn’t enough money in your account ?

How much money do you need to open an account?

Has your bank been held up?

What types of careers are there in banking?

Where do banks store money?