Berkhamsted children who missed out on learning money handling skills during the pandemic now have the chance to catch up – with the help of a dinosaur.
St Mary’s Church of England School in Berkhamsted is one of 90 primaries across the UK piloting Milo’s Money, a colourful, free, interactive storybook following a young dinosaur who has a lot of questions about money.
The school has been chosen to take part in the trial in response to recent research revealing 5.3 million children do not get a meaningful financial education at school, despite findings suggesting habits surrounding money are formed by the age of seven.
Sarah Gray, a teacher at St Mary’s, said the recent lockdowns also mean children are now less used to going into shops and in danger of losing the concept of money.
Miss Gray said: “The earlier children start becoming aware of money the better. At the moment we have many children who haven’t dealt much with money because they haven’t been allowed to go into shops.
“Everyone is using electronic payment and unless children can see money being used, they won’t easily make a connection between tangible money and spending.”
Produced by The Just Finance Foundation (JFF), a leading charity in providing financial education for children, the free, thorough and easy-to-use interactive book introduces children to the concept of coins and seeks advice around spending, saving, and sharing.
Helping children to gain in financial literacy, it is hoped that Milo’s Money will support teachers to have a resource to combat the lack of financial education tools available for Early Years learning,
Miss Gray added: “It’s a fun way to engage with money and real-life problem solving. Milo’s Money is a sweet story and the children like the pictures and rhyming.”
Anyone who would like to help bring this resource to more children in the UK can go to https://milosmoney.co.uk/ and find out more.