Pupils at Baden Powell School in Poole have been shown the importance of financial planning.

Gary Neild, the managing director of Blue Sky Financial Planning in Poole, delivered a talk about the World of Money.

He explained to 150 year sevens how those who have not planned their finances have suffered difficulties during recession.

Relating money to blood circulating around the human body, he explained to the pupils how the credit crunch occurred when a lack of cash was available.

They learnt about the importance of savings and the cost of debt.

Mr Neild said that the headmaster, who is one of his clients, has invested a small sum in an investment portfolio and any profits will go to the school while he will shoulder any debts.

“Ofsted loved it,” said Mr Neild, who has also delivered lectures at Bournemouth and Poole College and Dorchester Middle School. He believes that financial planning should be an important part of any school curriculum and can be a part of mathematics lessons.

Headmaster Geoff Pike said: “As part of our ongoing mathematics programme of study, the children will now be tracking an investment portfolio that has been specifically set up for us by Blue Sky.

“We are indebted to Gary and his team for their tremendous support of our children’s educational needs.

“We are endeavouring to provide opportunities for our children to gain a greater awareness and understanding of the world of work.”