Testing my Financial Literacy in 2018 with Noddle (AD)

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AD. I left school at 14, after completing little of my secondary school education. While I had great common sense, I had no qualifications to speak of. In time I was able to complete qualifications in literacy, numeracy and I.T. and this led me to a great job, and then a few not so great ones.

Fast forward to now, at 30, and I am something of a money-saving lover. I love to spend my time helping people learn more about financial topics and financial literacy is an issue that I am really passionate about. 

Recently I was invited by Noddle.co.uk to take a mock GCSE Financial Literacy paper. Noddle wants to find out if the ‘Class of 2018’ are better with money, and can make better financial decisions than past generations.

Financial Literacy in 2018 with Noddle

In September 2014, financial education became part of the compulsory curriculum, and it was around this time I started Katykicker. This is fantastic news, and four years on it is great to hear that my own nieces and nephews are being equipped with the financial know-how to become responsible adults.

I was quite nervous at the prospect of taking the mock GCSE paper and finding out my financial literacy score – but I needn’t have been! I spent just under 20 minutes completing the paper and checking my answers, and then I waited for my grade.

Financial Literacy in 2018 - Completing Noddle Mock GCSE

There were 10 questions on Noddle’s mock GCSE paper, and I received 9/10 correct marks. In the old GCSE grading system, this equates to a low A*. Phew! When I received the mark back I was really proud of the financial knowledge that I have gained.

Now I am 30, and hoping to get on the property ladder in the next year, having a good level of financial literacy has become even more important. I have been using Noddle’s free for life credit report since May 2016, to help me track my credit score. I like to know that my score is good, ready for mortgage application time, and also to ensure that my identity hasn’t been compromised. 

Recently, in the estate where I live, there was a spate of letterbox thefts and it transpired that the fraudsters had been applying for business accounts and credit cards, and then returning to steal the paperwork and bank cards. Thanks to having access to a credit report that is updated weekly with Noddle I am reassured that my financial identity hasn’t been compromised. There is even a specialist section on information relating to identity theft and fraud in the Noddle Help Hub.

I love that Noddle offers a free-for-life credit report and their scoring is simple to understand, with regular updates. An email reminder prompts me to check my newly updated score and it takes just 1-2 minutes to ensure my financial health is good. My credit score is a number out of 710, and then there is a credit rating too, which helps me to see the likelihood of being accepted for credit. This is really useful, as I do use credit from time to time, for short periods.

When I was younger I didn’t feel that my credit report was particularly important. I paid my bills on time, I cleared debts down, and I was confident I was doing everything that I could to look after my financial health. What I didn’t know was that there are steps I can take to boost my credit score, and therefore improve my chance of access to cheaper credit should I need it. With us hoping to buy a house in the next year, this is more important than ever. Even today, while writing this post, I spotted an old, unused, credit account which I’ve been able to arrange to have closed.

Financial literacy in 2018 is more important than ever for me and my family. Having enough money for pension contributions, a house deposit and an emergency fund are just some of the things I’m saving money for. I’m always seeking to expand my knowledge about credit, finances and all things related to money. I’ve really enjoyed taking part in this Noddle campaign and testing my own financial literacy.

32 Responses

  1. Sarah D November 9, 2018 / 9:42 am

    That’s great, well done on the mock paper and continuing to get qualifications. Saving money is so hard and yet so important!

    • katykicker November 10, 2018 / 7:41 pm

      Thanks so much! I think it’s a case of getting into the habit really.

  2. Chammy November 9, 2018 / 9:53 am

    Well done, what a great score. I’ve enjoyed this too though waiting for the result was a little nerve-wracking! 😉

    • katykicker November 10, 2018 / 7:41 pm

      Oh I found it nerve-wracking too! So glad I did well x

  3. Mel November 9, 2018 / 10:24 am

    Oh Noddle sounds really good and thank goodness you had them to check you hadn’t been the victim of fraud when some of your neighbours had! Well done for your A* in the mock GCSE Financial Literacy paper. I think it’s really important for our children to learn about finances from a young age. Well done for spreading the word!

    • katykicker November 10, 2018 / 7:41 pm

      I’m so pleased! Thanks lovely, I couldn’t believe my score – much better than I was expecting! x

  4. Treasure Every Moment November 9, 2018 / 12:33 pm

    That’s so good to hear that teaching about finances became compulsory, as it goes without saying how important it is to learn about handling, saving money 🙂

    • katykicker November 10, 2018 / 7:43 pm

      It really is. I wish I knew more when I was younger.

  5. Talya November 9, 2018 / 12:36 pm

    Wow well done you! I don’t think I would have faired so well. I will have to go and check out the resources on Noddle….identity theft is a huge issue and one we all need to be a lot more savvy about!

    • katykicker November 10, 2018 / 7:43 pm

      It’s amazing how easy it can be for people to commit fraud. I’ve been checking our credit report every single week recently.

  6. Nell (Pigeon Pair and Me) November 9, 2018 / 2:34 pm

    Wow – it’s scary how organised people in your area were when stealing all the cards etc! This sounds like a great initiative.

    • katykicker November 10, 2018 / 7:44 pm

      It’s been awful. We’ve actually had a number of issues in our estate with crime recently. I think it’s because the houses are luxury here so they assume everyone has lots of money. (We don’t).

  7. Grainne November 9, 2018 / 4:20 pm

    Love Noddle! And well done on getting 9/10! 🙂

    • katykicker November 10, 2018 / 7:44 pm

      Thanks so much – I was actually quite surprised! x

  8. Hannah Fleming November 9, 2018 / 9:07 pm

    This is something I REALLY need to get a grip on myself… Matt is very good at keeping up with his (not great) score and doing what he can to get things moving in the right direction. He uses Noddle too 🙂 Although we both call it noodle haha

    • katykicker November 10, 2018 / 7:45 pm

      Haha I’ve heard a few people called it Noodle recently! It’s so important to work on building your score for your financial future. If you need credit one day it’ll help you get a better deal etc.

  9. Donna Vallance November 10, 2018 / 8:32 am

    First off well done! What a fabulous idea! I think we all need to do it especially kids they do not learn enough about finance today. Brilliant idea x

    • katykicker November 10, 2018 / 7:46 pm

      Thank you! I want my daughter to know lots about money and I’m going to partially take responsibility for her financial education.

  10. The Reading Residence November 10, 2018 / 8:37 am

    Well done, you. I used to work in financial services so I know how valuable it is to understand your credit reports and work to improve them. Best of luck with your mortgage application when the time comes.

    • katykicker November 10, 2018 / 7:46 pm

      Thanks so much! You’re right – it’s really important!

  11. Rachael November 10, 2018 / 7:22 pm

    I actually didn’t know that finance was now being taught in schools. I think that’s an amazing idea and I wish that I had been able to learn about this sort of thing in school too. I really need to check my credit score but I think I’m a little scared. I’m currently trying to clear all my debts etc because I too, one day, want to buy a house!

    • katykicker November 10, 2018 / 7:47 pm

      It’s easy to be scared by it but honestly just checking, and closing old accounts, and keeping up with payments, has a big impact.

  12. Tracey Kifford November 10, 2018 / 9:10 pm

    I’ve just joined noddle – I’d never heard of it. Got to say my credit rating isn’t as good as I was hoping … BUT it’s not TOO bad, and there’s good advice there on ways to boost it. So it’s going to be really helpful x

    • katykicker November 19, 2018 / 9:43 am

      They have some great tips. I’m sure you can get it on track quick time!

  13. Wendy November 11, 2018 / 7:54 am

    Just reading about finances stresses me out! Noddle does sound really useful though and a great way to keep up to date with your credit score. Good luck with saving for your new home xx

    • katykicker November 19, 2018 / 9:44 am

      Honestly I used to be the same as you. Small changes can make a BIG difference to finances, especially over a long period of time.

  14. Michelle Murray November 11, 2018 / 8:08 am

    Well done. Both me and my husband worked in Financial Services and know how important it is to learn and understand more about your finances. I heard about your problem regarding your letterbox though your stories on Insta. So sorry to hear about it.

    • katykicker November 19, 2018 / 9:44 am

      Thank you! We’ve got it all under control now thankfully x

  15. Sonia November 12, 2018 / 9:31 am

    I left school with many qualifications too, this year I am taking my Maths GCSE at age 41 so it’s never to late to learn. Well done on your result. I’m wondering if I could get the same 😉

    • katykicker November 19, 2018 / 9:48 am

      Oh Sonia that’s fantastic – well done you!

  16. Jess Howliston November 12, 2018 / 8:16 pm

    That’s so great to hear it is now being taught at school! I wish it had been taught when I was at school as its something that would have actually come in handy rather than some of the stuff we learnt!

    • katykicker November 19, 2018 / 9:52 am

      I agree completely. I wish I learned about finances instead of hymns or some other nonsense I don’t need but pops into my head randomly!

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