I don’t think it would change. I’m very regimented with how I am. It came from my dad. He’s a 70-year-old Irish man. He has very traditional views. And similar to a lot in his family, my dad always preaches that there are needs and wants in this world and you buy what you need. You don’t necessarily buy what you want. Obviously, I’m 16. You could say immature. I’ve probably wasted some money on trainers, but at the end of the day I feel like I will save 80 per cent of my pay cheque. And as long as I minimalize my expenditure and I can save as much money as possible, I think I’ll be all right. How old were you when you learnt how credit cards work? What about when you learnt practical tips on how to budget, get a mortgage or navigate the world of student finance? How do we . . . you know? Because you’re involved with the Financial Times’ FLIC campaign, financial literacy and inclusion. Can you tell us a little bit about how that fits in?

Laughter) Mattered at all would be helpful, I think. Yes, I do. I actually, I get frustrated because I honestly, the opportunity in the green economy, it’s happening. It’s going to happen. Listen, if we’re completely wrong about climate change, it doesn’t matter. We get clean air, we get cleaner river. You know, it’s just so much good coming out of it. It’s going to happen. Why on earth wouldn’t you embrace that as a business opportunity? If you couldn’t care less about the climate, why wouldn’t you embrace the green economy? There is so much new opportunity and an opportunity to bring in people with such diverse skills and such diverse knowledge and create jobs that have never existed before. It’s exciting. No, absolutely. They’re there to kind of shake you out of your normal thought process and suggest something new.

Select a format:

It is very good, yeah. I might be a bit generous with how much I’m giving myself to spend, but I will definitely start doing that next pay cheque. I think it’s a really daunting concept because from one side it reminds you that maybe you’re going to be more independent, but at the same time it’s also exciting. I can earn my own money. I don’t have to rely on my parents. My parents don’t have to be as responsible for me as they are right now. So I think it’s two sides. I don’t know which route I’m taking. I do think it’s daunting and exciting at the same time. TV and radio money-agony-aunt Claer Barrett is the voice of reason in the cost of living crisis, teaching us what we need to know about money, in an accessible way that anyone can understand. Financial literacy education gives young people the foundations for future prosperity — and can help economically disadvantaged people out of deprivation. Join the FT Flic campaign to promote financial literacy in the UK and around the world

You know, I did Latin at school. Well, not for long. I got thrown out of Latin classes. You know, which I’m not proud of. It’s not my proudest moment. But, you know, it was that, so why am I learning Latin? What’s the point to that? You know, and I think maths can sometimes suffer from the same thing. Unless you’re going to be a mathematician or a scientist, so many times people say, so where am I gonna use that? What good is that to me? That means it needs to be practical. Thank you. A term that’s been used by the panel this evening and is in the press quite a lot at the moment, and you could argue is the downfall of Liz Truss, is stimulating growth. What is it in practical terms and why is it so important? So true. And the trouble is, so that’s actually OK if you’re a sole operator and you think, well, actually that’s kind of my wage. But once you take an investor on board, the investor has got to think when this business grows, we’re going to have to pay people to do these jobs. So we’re gonna have to work out whether or not this model works when you’ve actually got to pay people properly.And finally, Money Clinic’s usual disclaimer. Today’s podcast is a general discussion around financial topics and does not constitute an investment recommendation or individual financial advice. For that, you’ll need to find an independent financial adviser. But conveniently, that was also the topic of last week’s episode. This is an audio transcript of the Money Clinic podcast episode: ‘Understanding economics — why it matters for your money’ of shares and based on a particular strategy. A set of tests. And we’re gonna discuss four common ones that you devised when you were at the Investors’ Chronicle. Children need to be able to operate confidently in today’s increasingly cashless society,” she says. “If you’re not enabling these skills at an early age, the risk is they get launched into the adult world of easy credit and easy access to funds, and end up in a bad place.” No, when I was a personal finance journalist, my credit score was absolutely appalling. So I totally get that. (laughter)

No, I think that’s a great point, actually. Something we learn in journalism is that don’t be afraid to ask the stupid question. Because people, there was an element of shame of not knowing in the first place, but there really shouldn’t be. And now we’ve sort of moved on to investing. And I wanted to talk a little bit. You’ve mentioned the magic of Isas, Yeah, So it’s about it’s about work and technology. My working title is ‘Human Robots’. So it’s exploring both the kind of dystopian and hopefully more utopian possibilities about what’s coming towards us. No, you’re allowed to use that. (Laughter) Now you’re normally the one listening to the pitches in Dragons’ Den. But when it comes to making greener investment choices, greener consumption choices, what would be your pitch to Money Clinic listeners? Now, let’s talk about successes in the den. As an investor, what impresses you the most about someone who’s pitching? And if you were taught more stuff about money in school, what are the kind of things that you’d like to learn more about?It’s quite hard. They can teach us. I mean, they’ve led the way in things like Depop Vintage. Selling stuff online. Excellent. Oh, that’s what we like to hear. Now, OK so teenagers are next. Prime minister is putting a really big focus on studying maths until 18, which I have mixed feelings about. But if you were in charge, what aspects of money and also running a business, which is another really important lesson, would you like to put on the curriculum? We are talking to a number of these organisations about whether we could be more tightly linked,” she says. If you have a baby, you need to take time out, it’s not gonna be something that is causing you problems. But when you are earning over the threshold, it does become basically like a 7 per cent tax. Well, thank you Susannah. Now. Sarah O’Connor, you’re associate editor and a columnist at the FT. Now, tell the audience some of the things that you like writing about for the FT because often — you are a young person, yourself — but often the issues that you write about really affect young people. We’ve got lots of young faces in the audience tonight.