Children run a school bank
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School clubs teaching children how to manage their money

Children as young as four could have the chance to join savings clubs in an attempt to prevent them getting into debt later in life.

The Church of England is proposing a network of clubs, run by credit unions, in primary schools to help raise children's financial awareness.

Under the plans, they would be able to save small, regular amounts of money.

They would also take part in running the groups, such as working as junior cashiers or bank managers.

Caroline Wyatt reports.

  • 13 Nov 2014