13th November 2008

Crunch time for maths skills

Millions of Britons could be losing out because they lack the maths skills needed to make money-saving choices, according to learndirect, the UK’s largest provider of numeracy and literacy skills and qualifications.

£1.45 billion was lost in the UK last year due to Brits struggling to master the basics*. Recent research revealed:
• One in six struggles to work out the best value for money on electricity and gas
• A similar number get confused by trying to work out which supermarket offers provide better value
• Almost a fifth of Brits don’t trust their own maths and rely on others to do their calculations, leaving them out of pocket
• 14% admit to over-spending as a result of incorrectly calculating the cost of shopping items

In a bid to beat the big squeeze, TV veteran and maths buff Johnny Ball teamed up with learndirect to encourage people across the UK to recognise the benefits of knowing their numbers.

Johnny says: “Dealing with numbers can be off-putting at the best of times, let alone at a time when trying to cope with bill, mortgage and food price rises. But the truth is, we all call upon our maths skills every day, and if your number-crunching isn’t up to scratch, there is a danger you could be left out of pocket. Making a few small positive changes will not only boost your confidence, but help you take control of managing your money.”

Here are some top ways to keep your bank balance in check:

Make a note If you’re out shopping, go armed with a notepad and pen – don’t be afraid to work out costs on paper. Or to further boost your confidence with numbers, have a calculator handy – this will save any unpleasant surprises when you get to the till.

Ask for help If something is marked with a percentage discount, you don’t understand your monthly bill costs or you don’t understand the tariff options open to you, don’t be afraid to ask for someone to explain. Whether it’s calling your bank, energy supplier or asking a shop assistant – that’s what they are there for.

Cash is king Many of us dread fumbling around in our pockets for loose change, and counting up coins at the shop counter, so handing over a bit of plastic or a crisp twenty pound note may seem easier. But if you have to think about what you’re spending, you’ll be more inclined to keep within budget. Don’t let people rush or intimidate you – take your time to count your cash out you’ll reap the benefits.

Brush up on the basics If you struggle with your sums, learndirect can really help you make sense of it all. For details of your nearest centre or information on courses, call learndirect on 0800 101 901 or log on to: www.learndirect.co.uk.

Adding up Try putting all of your small coins in a jar and regularly count what you’ve built up – not only will this encourage you to use your maths, but you’ll have a nice tidy sum at the end of the month to put towards something you really need.

Make time We all lead busy lives, but when it comes to keeping track of your monthly income and expenses, there’s no room for shortcuts. Set aside at least half an hour a week to check receipts, go through bills, and file statements once they are paid. Once you’ve cleared the paperwork, you’ll have a clearer mind and a regular hold on your finances.

If your finances aren’t adding up and you think you may need to brush up on your numbers, why not try learndirect’s Ready When You Are challenge – a fun and interactive online quiz based on real life situations. Hosted by Johnny Ball and Eamonn Holmes, it aims to help adults feel more at ease with their basic maths and English. Go to: www.learndirect.co.uk/ready.

There are more than 800 learndirect centres across the country offering flexible courses to equip you with the skills and qualifications you need to get ahead. For more information, go to www.learndirect.co.uk or call 0800 101 901.