19 February 2026
Helping Children Build Financial Confidence
A recent BBC education series, created in partnership with Young Enterprise, highlights something we see every day at Boom Community Bank: financial education needs to start early.
The short video series for KS1 and KS2 pupils explores topics such as saving, borrowing, online spending, influencers, scams and the concept of interest all essential foundations for lifelong financial wellbeing.
As a community-focused bank, we believe financial literacy is one of the most powerful tools for building stronger households and communities.
Why Teaching Money Management Early Matters
Children today grow up in a very different financial world.
Many have limited experience handling cash. Instead, they see:
Contactless payments
Online shopping
In-app purchases
Gaming subscriptions
Influencer-driven spending
Without early education, it can be difficult for children to understand the real value of money, or the difference between needs and wants.
Spending vs saving
How advertising influences decisions
Online scams and protecting personal details
Gaming payment models
The link between work and earning money
Saving and borrowing — including how interest works
These topics form the foundation of responsible financial habits later in life.
Understanding Saving, Borrowing and Interest
One particularly valuable lesson focuses on saving and borrowing: the costs and benefits of interest.
Interest can help savings grow but it also increases the cost of borrowing.
Understanding this early helps young people make informed decisions as adults, whether they are:
Opening their first savings account
Comparing consolidation loans online
Managing credit commitments
Considering larger borrowing decisions later in life
Financial literacy reduces the risk of problem debt and builds confidence.
Why This Matters for Families Today
With frozen tax thresholds and ongoing cost-of-living pressures, many households are reviewing budgets more closely.
When financial education starts early, children grow into adults who:
Budget more confidently
Understand how consolidation loans work
Make informed borrowing decisions
Recognise the difference between ethical lenders and high-cost credit
As a not-for-profit credit union, Boom Community Bank supports both education and access to affordable financial products — including consolidation loans and family-focused options such as a child benefit loan.
But education comes first.
Supporting Schools and Families
The BBC and Young Enterprise videos align with the PSHE curriculum for KS1 and KS2 and are a helpful starting point for parents and teachers wanting to introduce financial education in an engaging way.
Building financially confident communities doesn’t happen overnight, it starts in primary school classrooms and around kitchen tables.
At Boom Community Bank, we believe that when people understand money, they make stronger choices, for themselves and for the wider community.
