Leon Ward
CEO, Money Ready
The cost of not knowing about money is higher than it seems. Fortunately, financial education provides the tools we need to thrive, not just survive.
We rely on financial literacy daily, often without realising. Whether choosing which supermarket to use or where to live, understanding money is crucial to our wellbeing.
On the flip side, there’s a tangible cost to not knowing. More people than ever can’t afford to make financial mistakes. Poor financial literacy can contribute to rising mental illness, spiralling debts and even homelessness. However, we can break this cycle by raising awareness, reducing the stigma around talking about money and improving access to financial education.
Why financial education matters
Disappointingly, despite financial education being incorporated into school curricula more than ten years ago, most people still don’t receive the money management lessons we all need. We were thrilled to see financial education front and centre in the Curriculum and Assessment Review recommendations in November 2025. This is a huge step, but now the focus must be on making it a reality.
Money Ready’s own research found that 24% of UK adults put off learning more about money as they find it overwhelming, and 20% don’t know where to start.
Financial education empowers individuals to thrive, enhancing financial mindsets and wellbeing.
The positive impact of our session never fails to impress me. I’ve seen participants of all ages glowing with newfound money confidence, and we aim to reach as many people as possible. Financial education empowers individuals to thrive, enhancing financial mindsets and wellbeing.
You can take control of your own money mindset this winter with these tips:
- Start small, think big
Even saving a small percentage of your monthly income adds up over time. Try setting up automatic transfers from your current account to a savings account so you don’t need to think about it.
- Check your renewals
Comparing options for utility and insurance renewals can save you hundreds. Don’t be afraid to switch suppliers.
- Plan for big moments
If you find yourself in the festive rush without a plan in place, try to learn from that and plan ahead next year. Picking up items throughout the year can help spread the cost.
Find out more at Money Ready: www.moneyready.org.
