@roseblossom2020
Im very interested in this. How does a FoF work if you’re married? Dont you have to disclose it if you divorce and then you lose it?
MrsTerryPratchett what sort of financial literacy did you teach? And any advice? I desperately wish this was something we had in schools. We never got anything in the way of that and my parents never taught me much so I’ve had to learn and pick stuff up from mumsnet but it’s a bit frightening about how much you don’t know and how vulnerable you can be.
I was asked to do it because I facilitated housing education so I thought I'd be good.
I taught young people in schools but also as part of programs through youth organisations. Non-profit because as PP says, the banks do a piss poor job. They are boring and 'sell' debt. It was a time limited program but I learned a lot.
Advice I'd give young people (random and in no particular order):
Don't leave home until you having savings and a budget (I used to tell them if they are working and not paying rent they are the richest they will ever be 
)
Have a FOF saved before you leave home and add to it but never touch it unless you need to FO.
Assertiveness conversations (and education if needed) on how to talk about money with partners, flatmates and family.
Fraud, scams, passwords, identity theft and protecting yourself.
Budgeting. The first question I'd ask is how much their parents' rent or mortgage was and how much they earned. Blank faces (except the children of lower income single mothers - those kids knew their shit). I'd say, "these people taught you to read, write, ride a bike and eat with a knife and fork, how much time have they spent taking about money? OK almost none so you have to learn yourselves".
Education cost:benefit. When choosing further education options, the least cost for the most income. If you have to spend years studying for a minimum wage job (often jobs women do) think carefully. Anything with 'engineer' in the job title will pay well 
For parents, I'd advise something I know many many people on here don't like. Unconditional pocket money. No chores linked to it, as early as you can. My DD was three I think (as soon as she wouldn't eat it). And let them make mistakes. As long as they aren't actively dangerous. They want to spend their money on roblox and sweets, let them. They learn from it. Slight nudging is OK "I thought you were saving for x but if you want to buy y it's your money". And the lesson is discussing it after. They want a big item you talk about saving, how long it will take etc. NEVER sub them. EVER. They want it, they save. It's helped my impulse challenged DD with ADHD to plan, save and even earn money to add to it.
Educate about different types of debt and interest rates. Bank fees and how things like overdrafts keep you poor.
The psychology of money. Particularly advertising, how debt makes you sad, fear and guilt, envy and comparisons. How small 'treats' add up but don't add to your happiness.
And because I worked with a lot of children leaving care, I talk about social and financial capital. You either need a FOF or a network of people to help. If you don't have money you need a few sofas you know you can sleep on. Don't burn relationship bridges before you have financial means. I would always give them my card, just in case.
Bloody hell that was an essay! I was very proud of the program. I used to hear from youth workers that kids as they left the room would be saying, "FFS I spend a grand a year at Starbucks" and similar. So proud!