SCHOOLCHILDREN have been taught the valuable lesson of money management.

Pupils of Westende Junior School in Wokingham were invited to the Newbury Building Society. 

Recent research from Money Adviser found eight in ten adults think children ought to be taught personal finance. 

The initiative, called the Junior Newbury Building Society, is set up to provide financial education lessons to schoolchildren, while encouraging positive, healthy discussion around saving and spending, as well as promote money savvy long-term habits. 

Norah Edgar, Head of Westende Junior School, said: “The children returned from their JNBS training, completely enthused with their new responsibilities of running a school branch on behalf of Newbury Building Society. 

"It certainly made them feel very special, stepping up to take the responsibility to become cashiers in school. Full credit to the staff at Newbury for providing suitable tasks to keep the children interested and motivated to get going with the branch. 

"I think the whole process from applying for the 'job' to being interviewed is great experience for the children and sets them up beautifully for the type of challenges they will face in the future.”