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Adding up to Fitness: Teaching Maths through Physical Education

It is a commonly held belief that mathematics is one of the hardest subjects at school. Even fully grown adults will quickly turn pale and shaky at the mention of algebra. But to give your child the best start for a healthy financial life, a basic understanding of mathematical concepts is vital. So how can you help them overcome the belief that maths is difficult and boring?

Adding up to Fitness: Teaching Maths through Physical Education - kids playing sports image

Get them up, get them moving, and encourage them to have fun.

Teaching maths through exercise may seem like a strange combination, but interdisciplinary learning has been encouraged for a while. The Qualifications and Curriculum Authority has published papers on the subject, pointing out that Physical Education teaches many of the same concepts as Mathematics does: dance uses the language of symmetry and shape, gymnastics teaches position and angles, and athletes learn to use data as they record their times and monitor progress. For many children, ‘learning by doing’ is by far the most fun and engaging way to learn. With this in mind, we’ve gathered together a selection of games and activities to try, either at home or in school.

Have fun, exercise their brain, and get fit all at once!

Bowling (Addition)

We’ve all been to bowling alleys where a computer adds up our scores, but improve your child’s addition by encouraging them to add up their own score. The advantage of bowling is that you can easily play at home in the garden. Even if you don’t have a bowling set, just fill empty drinks bottles with sand and use them as makeshift skittles.

River Walk (Symmetry)

Any stretch of water will do, but next time you’re near a lake or river, ask your children to examine the reflection and tell you how it relates to the land around it. Better yet, play games with your own reflections. Make a silly pose and see if your child can copy it just by looking at your reflection. Just be careful not to fall in!

Basketball (Percentages)

If you throw a ball ten times, and it goes through the hoop four times, what percentage is that? Ask these questions while playing any kind of scoring game (be it Basketball, Netball, or Football) and watch your child’s understanding of percentages rapidly increase. Better yet, expand the discussion to include fractions and decimals too.

Stick Line-up (Size and Length)

Gather together a group of children and ask them all to pick up one stick. Collect the sticks together, and ask the children to place them in order of size. Whilst this may sound simple, you should soon find that it brings up difficult questions: what if someone brings back a curved stick? Should you measure round the curve, or just go straight from one point to the other? Since many children love to collect sticks and stones, this can also be played with one person: encourage your avid collector to arrange their collection in size order, choosing their own criteria for the curvy anomalies. Be ready with a tape measure to resolve disagreements!

Darts (Mental Arithmetic)

To be a champion darts player your mental arithmetic has to be top notch. Teaching maths skills including addition, subtraction, multiplication and division are all honed through darts practice, whilst the concept of percentages and averages can be added once kids become more confident. Magnetic darts boards are available for those who don’t feel comfortable with their children throwing sharp objects.

What Schools Should Be Teaching Kids About Money (and aren’t)

kis and moneyThe school day is relatively short, so it’s natural that some subjects will get less coverage than others. But the financial education of children has often been sorely lacking, with teachers leaving it up to parents to teach the fundamentals of how to save and spend safely. With the rocky economy we now find ourselves in, it is more important than ever that kids are taught how to be financially self-sufficient. Here are the three things we think they should be teaching about money in schools, and how you can help your kids in the meantime.

 

Not all savings are the same

ISAs, Bonds, Instant Access Savings, Notice Accounts… Even as an adult the choices can be confusing. So why are we suggesting these tricky concepts should be introduced to a child? Because when the Channel 4 programme SuperScrimpers asked people on the street, many had not even heard of ISAs, let alone knew the differences between each version. We’re not suggesting your kids should have an in-depth knowledge of each savings account, simply that they know they have options.  And if you sit down with them next time you’re thinking about changing accounts, and talk them through what you’re doing, they will quickly learn how to go about researching their different choices.

Money doesn’t just come out of the Hole in the Wall

There was once a little boy who wanted a new toy. He asked his mum but she said she couldn’t afford it right now. The little boy thought about this for a moment, and then piped up happily, ‘we can just go and get some from the hole in the wall’.

What’s the lesson from this tale? Well, firstly it shows that kids are exceptionally optimistic. But more importantly it reveals the lack of awareness often shown by children about where money comes from. And the problem is growing rapidly due to the onset of credit and debit cards: teachers have reported that those kids whose parents pay predominantly by card are less aware of the value of money than those whose parents still hand over notes and coins.

Once they’re old enough, encouraging your children to take a part time job is one of the best ways to teach them where money comes from (and they will soon see how quickly it can be spent). But to help earlier on, make sure they are introduced to physical money, and talk with them about where your earnings come from. Even playing with the fake money in board games can be educational, but as you play, please remember…

Saving all your money isn’t always the answer

Don’t get us wrong; encouraging a savings habit is hugely important. But growing up with the constant message that you can never touch your money can be just as harmful as the idea that constant spending will fix everything. Some people have been known to save and save, whilst never feeling they could actually spend any of their hard earned cash. Such an attitude can encourage stinginess and create continual dissatisfaction with what you already have. A controlled spending habit, where you set boundaries and create goals, is one of the best ways to foster a healthy attitude towards money.

Are there other key lessons you think schools should be teaching kids? Let us know below.

Kids Learning About Money – who’s responsible?

A recent survey by the National Children’s Bureau (NCB) revealed that 93% of students believed that Personal Financial Education should be taught in school.

That’s great you may be thinking – but what happens to those young people who are in the schools where Financial Education is not delivered effectively or delivered at all?

The NCB has published a free report – Get Money Savvy, aimed at young people who want to be proactive in getting Financial Education into their school.

It encourages the students to get organised, get active and get educated. 

The Report – Get Money Savvy, our money our future is available here

Big dividends from big insurers

Take a look at the highest yielding UK FTSE 100 stocks right now and you’ll quickly see that the top spots are dominated by the country’s biggest insurers.

Companies like RSA Insurance Group, Aviva Insurance and Resolution top the list with very healthy dividend yields not all that far short of double figures.

In other words, these are crazily high yields for the low interest rate environment we’re all living in. And this at a time when savers and investors everywhere are desperately seeking higher yields.

So what’s the problem? Well maybe there isn’t one, but there’s no such thing as a free lunch as the saying goes – and no investment is ever without risk. And the way these insurance giants make a lot of their money is by investing the premiums we pay them after we’ve received our house insurance quotes, or car insurance deals etc.

And where do the insurers invest this money to try and make greater profits? Well that’s up to them of course and it’s all part of the business of running a big insurance company. But if they can’t get much of a return, and the insurance market itself is fairly competitive, then maybe they won’t be able to maintain these mega dividend yields without going back cap in hand to their investors for more money via a fundraising of some kind. And whenever the big insurers do this, their share price takes something of a hammering.

In other words, it’s all a bit of weighted gamble and depends just how conservative and sensible they’re being in investing their money in such troubled and uncertain times.

So next time you get your home contents insurance quote and you decide to shop around a little, you may decide to invest the savings you’ve made in one of these insurance giants for the dividend yield which could save you even more money. Then again, you may not and that, of course, is what makes the market!

What is Crowdfunding?

With many banks tightening their purse strings and grants or other start up incentives becoming much harder to find, many entrepreneurs may need to find alternative sources of funding to get their start-up off the ground or fund their expansion. Indeed, 65% of entrepreneurs planned to seek alternative finance in 2012, according to a survey by Huddlebuy.

cowdfunding

With this in mind, in December 2011 Business Secretary,  Vince Cable MP launched a taskforce to open fresh funding channels for small UK businesses – putting particular emphasis on the opportunities of Crowdfunding.

What is Crowdfunding and how does it work?

Crowdfunding is an alternative method of raising finance for a business, project or idea, popularised by Kickstarter.com in the United States.

Unlike angel investment, in which one person typically takes a significant stake in a small business, with Crowdfunding an entrepreneur can attract a ‘crowd’ of people – each of whom takes a small stake in a business idea, by contributing towards an online funding target.

It is believed that, in many cases, this model is more successful than attempting to source the full investment required from a single individual or organisation. Furthermore, while some investors may be hesitant to invest in an unproven idea, Crowdfunding provides an alternative way to source seed capital from a number of backers.

How much does it cost?

The majority of Crowdfunding platforms won’t charge you for publishing a pitch, however they typically take around 5% commission when you reach your target – so you need to factor this into your investment total. If you don’t meet your target, you don’t pay a penny.

Sites such as Crowdcube.com maintain the quality of pitches on their site by validating each one by financial scrutiny. They also only accept pitches from Limited Companies. These challenges are not insurmountable however, especially for the committed entrepreneur.

To encourage people to invest in your start-up, most websites ask you to offer staggered rewards (such as exclusive access to your first product or a five-year discount on your services) according to how much people invest.

The HMRC can also offer tax incentives through the Enterprise Investment Scheme (EIS), where investors can claim 30% tax relief on qualifying investment opportunities.

Is Crowdfunding for me?

Some questions to ask before you embark on a Crowdfunding campaign.

  • Am I or can I easily become a limited company?
  • Can I communicate my idea effectively to strangers?
  • Am I willing to give up a share of my business to outsiders?
  • Do I have an existing network of supporters, customers, and suppliers etc who will kick-start my funding campaign? – Not essential but a fast start gives other investors early social proof that your idea is worth looking at.
  • Am I willing and able to promote my pitch via social media and via online and offline networks? – Finding investors will take work and is not a passive process. Be prepared to live and breathe your pitch for 90 days!