Good Financial Habits…Alderney students given a valuable lesson in looking after their finances.

Gower Financial Services has recently made a presentation to St Anne’s school years 10 & 11 to help students better plan their finances, as part of an introduction to the everyday financial services they will start to use over the coming years.

The presentation is part of a series being rolled out around the Bailiwick, aimed at older school age students and young adults.  Giving the presentation, former St. Anne’s pupil Paul McCormick was keen to cover important aspects of ‘managing your money’ including; banking, borrowing, saving and investing.  The talk encouraged students to start getting into good financial habits, such as debt repayment, creating a realistic budget and allocating disposable income at a young age.

‘When it comes to managing money, it is so important to have a plan – and it’s never too early to start one. Although these students are still in full time education, if they can create good habits now, there is a real chance they will continue them into their adult life, which will undoubtedly benefit them financially over the long term’, explained Paul who is now a Financial Adviser with Gower, providing advice to individuals and companies in Guernsey & Alderney.

St Anne’s Angela Etheredge was enthusiastic about the presentation.  ‘Money management is an essential life skill, so these words of wisdom have been gratefully received. The beauty of this presentation was in its ability to talk at the right level, providing useful examples and tips on good financial habits for students to adopt at a young age and hopefully have for life’.

Image supplied:  Learning “Good Financial Habits”.  St Anne’s school Year 10 & 11 pupils with Paul McCormick & Angela Etheredge