When the Archbishop of Canterbury comments on the current state of our schools PSHE (Personal Social Health Education) sessions we listen, especially when it involves financial education. Justin Welby wants 'financial education to have parity with sex education from the very start', which is great news for Money Mum.

Currently our young people are leaving school with more knowledge of one than the other, they have little idea of how to manage their finances; and have grown up in a society where the wait has literally been taken out of the wanting. With easy to access credit cards and overdrafts, gone are the days of rationing and living within our means – the market is flooded with hidden charges and sneaky loan traps, that without the right education can result in dire financial situations.

Surveys of teachers show that despite their best efforts to introduce financial education into the curriculum and various initiatives, they are struggling, finance education is undervalued and without the knowhow being poorly lead. We want to encourage change, to educate our young people on the pitfalls and benefits of money management and arm them with the relevant knowledge to cope in the real-world.