Financial Education

In this subject we aim to empower students to become responsible borrowers, sensible savers, and skilled financial planners. It equips students with essential skills in critical analysis, evaluation, verbal communication, and written communication, preparing them for further study and lifelong financial success.

Students examine risks, rewards, changing priorities throughout the personal life cycle, and the role of financial services in lifelong financial planning. They also learn about different types of financial products, making informed choices, seeking financial advice, and evaluating data and information to aid financial decision-making.

Senior

Lessons in Financial Education Certificate (LiFE) Level 2: Senior

Overview

LiFE is an online financial education program that aims to ensure more students gain valuable financial awareness. It is a flexible online financial education course, with video scenarios and online activities, it is accessible from any device so students can complete at their own pace. They have 3 units to complete within the year to achieve the full Level 2 qualification (GCSE level equivalent)

Unique Selling Points

We offer this qualification at Form 2 (year 8) to give students a strong grounding in financial education at an early age. The course is facilitated by teachers of Business, Economics and Maths and it includes concepts such as interest rates, credit, types of banking and different products and roles in the finance sector.

How are students assessed?

3 online exams spread throughout the year as they complete each unit.

Home learning

weekly to complete some online learning and progress through the course.

How can parents/guardians support their child’s learning?

support with key terms and financial information, such as explaining disposable income, a mortgage or a pay day loan.

Useful Links

Lessons in Financial Education

Sixth Form

Financial Services Qualification: Sixth Form

In the Lower Sixth you can study for the LIBF Certificate in Financial Studies (CeFS) as part of the Sixth Form Enrichment programm

Why study CeFS?

The course encourages students to become responsible borrowers and sensible savers, and to appreciate the need for financial planning throughout their life. It prepares them for further study by developing the core skills of critical analysis and evaluation, verbal communication (through classroom discussion) and written communication.

Course Outline

Unit 1 Introduces students to the financial services industry by focusing on the interaction between money, personal finance and the financial services market place. Students will gain an understanding of cash flow to meet immediate and short-term financial needs through balancing income against expenditure and will also gain an appreciation of the differentiation of financial products for savings and the key features of interest and charges on borrowing. Students will understand their key responsibilities in terms of earning, income tax, National Insurance and other personal financial considerations depending on the stage of their life cycle whilst also gaining an appreciation of why money is important through focusing on what money is; attitudes to it; and how it can affect life choices.

Unit 2 Highlights the importance of planning for medium- and long-term financial needs, with particular reference to the importance of the need to budget for future aspirations and life events. It introduces students to the features of risks and reward in managing personal finances. Students will consider the changing priorities attached to needs, wants and aspirations as individuals progress through the personal life cycle and the role of financial services in assisting lifelong financial planning and will gain an understanding of the personal approaches that individuals take towards risk and rewards and the impact of foreseen and unforeseen influences on financial budgeting.

Students will understand the features of different types of financial services product, how to make informed choices about these financial services products, and when, where and how they can get financial help and advice whilst gaining an appreciation of the differentiation of financial products for investment and borrowing, and the charges attached to them. Students will gain insight into Islamic banking and will also consider the validity of data and information as a means of assisting in the financial decision-making process.

Entry Requirement

Each student is considered on their individual strengths and needs.

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Financial Education

Lessons in Financial Education Certificate (LiFE) Level 2: Senior

Overview

Unique Selling Points

How are students assessed?

Home learning

How can parents/guardians support their child’s learning?

Useful Links

Financial Services Qualification: Sixth Form

Why study CeFS?

Course Outline

Entry Requirement

Key Links

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