I recently volunteered to teach some lessons in finance to pupils at a primary school. Over six sessions, I spoke to a group of ten and eleven-year-olds about things like value, savings, cost and risk.

The talks were not meant to turn the children into investors, or to teach them to price derivatives or read corporate accounts. They were simply designed to start discussions about everyday financial choices – what it means to spend and borrow money, to compare prices and plan ahead.

I told them that money involves choices and consequences. That if we spend today, we may have less tomorrow. That if we borrow money, there are rules about paying it back. Or that if prices rise, the same amount of money buys less stuff.

These are not advanced financial concepts. They are everyday occurrences.

The children were curious and often more financially alert than I expected them to be. They asked practical questions and responded especially strongly to examples involving everyday choices, such as........

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