Get money savvy with Financial Literacy Program
Financial literacy is an important life skill that all children need to learn, which is why we’ve partnered with the University of Newcastle to present the Greater Bank Finance Academy.
I have children in this target age group, and I’ve had many conversations with their friends, especially the ones now getting their first jobs and buying their first cars. Financial literacy is not something that is currently taught at all schools, and for many it’s a learned skill based upon the people who influence their lives. Sadly, too often, in our roles we see young people who make poor decisions because they simply don’t know that there could be a better way of managing their finances.
In my 20+ years in the banking industry I have seen many customers who have unfortunately found themselves in a situation of compounding debt and not knowing how to get themselves out of it. If they’d have had access to a program like this at an early age, they may have been able to make better, more informed decisions.
The lessons have been designed to be really interactive with the kids so that you’re not just standing in front of them reading off a PowerPoint. There are activities and plenty of opportunities for them to actively get involved in the lesson.
Early on in my career, especially when I started lending seeing customers “maxing” themselves out and trying to refinance and consolidate to reduce their debt. I’ve always taken the time to talk with my customers and using various tools and calculators, to show them little ways that they could make big changes to their financial wellbeing.
Financial literacy is an important life skill that all children need to learn, which is why we’ve partnered with the University of Newcastle to present the Greater Bank Finance Academy.
Clontarf Foundation’s Newcastle High Academy program is working with Aboriginal and Torres Strait Islander students to ensure they are equipped with key educational and life skills.
High school students across Newcastle will benefit from a short-course focused on informed financial-decision making, thanks to the Fundamentals of Financial Literacy Program.