Chamber and committees

The Scottish Government recognises the importance of Financial Education in equipping learners with key life skills. Financial literacy is embedded in the curriculum in Scotland through numeracy and maths, business studies and personal and social education classes. Financial Education is a key feature of Curriculum for Excellence “Experiences and Outcomes” for Numeracy and Mathematics, assisting learners in understanding the benefits and risks of bank cards, effectively managing money, making appropriate use of technology and appreciating the importance of budgeting.

Education Scotland provides professional learning resources enabling educators to reflect on their own understanding and knowledge and to support future learning and teaching about money. Guidance is available for primary and secondary schools highlighting the links between financial education and Curriculum for Excellence. In addition, a wide range of teaching resources are provided by the private and Third Sector. These include Barclays LifeSkills, financial education guidance from the Money & Pension Service and the work of the charity, Money Ready.

Education Scotland are currently reviewing the curriculum in line with the Curriculum Improvement Cycle programme. As part of this review, work is taking place to review the place of financial education within the curriculum. Education Scotland are engaging with a wide range of practitioners and stakeholders, including children and young people, to review current Financial Education teaching and practice and plan how it can most effectively be integrated into the curriculum, ensuring an equitable approach.