In a recent survey of 18 to 20 year olds conducted by the Fin-Ed Centre, more than half those surveyed had given no thought to their spending habits, ways to manage their money or financial goals, while two thirds are still not saving for the long term. With these kinds of statistics, it’s clear that young New Zealanders are going to face a challenge in years to come as they are unprepared for the financial reality facing them. As YWCA Auckland is driven to give women the opportunity to realise a better future, we are determined to equip our young people with financial capabilities and offer the following free programmes.
Thanks to HSBC Bank, we are excited to be delivering Money Savvy. This free programme is aimed at improving the financial literacy of high school students by providing information about debt, savings, and superannuation in fast-paced, interactive workshops.
Money Savvy is a highly interactive and engaging financial education workshop. It’s designed to challenge students’ thinking about how to manage money providing students with skills and tools to allow them to make informed decisions about their spending choices.
If you are a school and would like more information about hosting Money Savvy then please contact Marlene Sorby on 09 520 8162 or email email@example.com.
Registration form here.
We are delighted to have also received funding from the Ministry of Youth Development. The Ministry is supporting a dozen initiatives through its Financial Literacy Fund, and putting a real focus on improving our young people’s financial literacy and skills.
In the last couple of years we have worked with Women in Super and the Commission for Financial Capability to deliver Financial Literacy workshops in secondary schools we already work with. These were delivered during Money Week and we look forward to developing and delivering more workshops.
These workshops were designed to specifically meet the needs of the communities in which we serve and components of these will be used in the Money Savvy workshops. The content focuses mainly on avoiding debt, critiquing advertised debt promotions and exploring savings.