Words that Count: a financial literacy programme

Literacy skills are essential in helping young people unlock their financial resilience. Including financial education in literacy lessons throughout a young person’s education can be highly effective. In 2019, we published a report exploring the association between literacy and financial capability.

We found that:

• Children and young people who have good reading skills are four times as likely to have good financial skills than their peers who have poor reading skills (35.6% vs 8.8%)
• Children and young people who have poor reading skills are four times as likely to also have poor financial skills (56.3% vs 12.3%)

Continuing our existing work in alternative provision settings, Game Changers, Empower and Represent, this new programme offers mainstream secondary schools and alternative provision settings the chance to support the financial literacy skills of students who have been excluded from, or who are at risk of being excluded from, mainstream education.

Thanks to funding from the Money and Pensions Service (MaPS), we are able to offer Words that Count to settings in England and Scotland for free.

How it works

Words that Count is a 10-session programme that aims to give students the tools to make more informed choices about their current and future finances. Content will support leaders to differentiate, acknowledging the wide range of abilities often found in these settings. Online training will be provided for all teachers, teaching assistants or librarians taking part in the delivery of the programme.

What are the aims?

Words that Count has four main aims. By the end of the programme participating students will:

• Demonstrate good understanding and knowledge of money management including debt and savings
• Demonstrate good understanding of budgeting
• Demonstrate an ability to forecast
• Articulate the importance of financial wellbeing to themselves and their peers

Teachers will also be supported through our training package and will:

• Be more confident in teaching financial literacy to their students
• Have greater understanding of the importance of financial literacy for their students
• Have greater understanding of how financial literacy fits within their curriculum

Who is it for?

The programme is aimed at students aged 11 to 14 who are in alternative provision (either in internal units in a mainstream school or at a specialist centre) or who are in mainstream education but are at risk of exclusion.

When do I run it?

Each of the 10 sessions is designed to last for one hour. They can be delivered as part of an intervention strategy or during English, PSHE, citizenship or maths lessons. We are now recruiting for schools to deliver the programme in the spring term of 2024.

What do I get?

Each setting will receive:

• Programme Delivery Training
• Financial Literacy in the classroom CPD
• A resource pack for each cohort, including workbooks with the texts and teaching notes
• A set of books for each cohort of participants
• Access to bespoke events with authors financial literacy experts
• A 12-month subscription to National Literacy Trust premium membership

How do I access it?

The programme is currently on hold as we source more funding to deliver this for free. You can register your interest in delivering Words the Count in the future by providing your full school and contact details in the form linked below.

If you have any enquiries relating to this programme please email ap@literacytrust.org.uk.

Register on the form below to register your interest in delivering Words that Count . We will contact you when the programme is available.