The Guernsey Investment and Funds Association Education Committee has expanded the Financial Literacy Project to include Hautes Capelles Primary School.
Following on from the success of the initiative at Vale Primary School, which was launched in September 2022, the initiative aims to encourage children to learn about and manage money in a practical way and encourages personal responsibilities whilst supporting the existing curriculum.
Sue Coughlin, Head Teacher said: “The school bank and shop has enabled us to deliver financial literacy for the children in a real life context. The children are understanding the principles of salaries, saving, interest and expenditure which are life long lessons for them. We are very grateful for the support of GIFA and Aztec in enabling us to make this part of our personal development provision for the children.”
The project was founded and is led by Guernsey Investment and Funds Association (GIFA) Committee member Mike de Haaff who has also facilitated the upcycling of furniture to create the fully-stocked shop, where students can choose to spend their hard-earned ‘Hautes’ currency once savings allow. The aim is to prepare the next generation and improve awareness of the basics of finance and the value of money, enabling children to balance school learning with real world skills.
Elisha Backhouse, GIFA Education subcommittee Chair said: “After the success and learnings from the pilot initiative at Vale Primary School it is hugely rewarding to see this initiative launched into another island school so successfully. Thanks to all those involved who have contributed and made this happen. We hope to continue this momentum and educate more children about the importance of managing their finances and the value of money.”
