There's been increasing concern that young people are ill-equipped to deal with financial challenges they are are coming up against out of school.
The new emphasis on Personal Finance in the English curriculum is the result of a long-running campaign to improve financial skills - a need which has looked even more acute since the onset of the financial crisis.
There was already a plan to include the instruction in Citizenship lessons, but the curriculum published for consultation today goes into more detail.
From September next year 11 to 14 year-olds in Key Stage 3, as well a learning about budgeting, will be taught about managing risk - for instance which places are safest to keep their cash.
14 to 16 year-olds, Key Stage 4, will explore income and expenditure, credit and debt, insurance and savings and pensions.