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Pioneering lessons will help young people stay out of debt

School pupil Leona Whyte and Alan Cumming, National Estate Agency Director at Aberdein Considine.
School pupil Leona Whyte and Alan Cumming, National Estate Agency Director at Aberdein Considine.

Perth has been selected to trial a series of groundbreaking lessons designed to halt the rise of debt problems amongst young people.

Estate agent Aberdein Considine has teamed up with charity TechFest to lead Maths into Finance sessions for secondary pupils.

More than a third of 18-24-year-olds have debts of more than £3,000 and experience significant concerns about money, according to a recent National Debtline survey.

A key recommendation of its report into the growing crisis was “earlier and more co-ordinated financial education”.

Aberdeen Considine and TechFest will host an event at Perth Concert Hall next month, teaching domestic budgeting, pensions, as well as borrowing and managing debt.

Alan Cumming, national estate agency director at Aberdein Considine, said: “We have seen the impact bad financial decisions can have on young people, sometimes burdening them with a lifetime of debt before they even reach their 30s,

Sarah Chew, managing director at TechFest, added: “Our aim is to promote science, technology, engineering and maths allows us to design, develop and deliver some of the most exciting events and initiatives across Scotland.

“We hope Maths into Finance will have a long and prosperous future and we look forward to working with Aberdein Considine and their team as we deliver this programme across Scotland.”

Sessions are also planned in Edinburgh, Glasgow and Aberdeen. Material and teaching aids will be made available to aid financial education throughout the school year.