Prof ROSLYN RUSSELL: Since its implementation the NDIS has if anything heightened the need and focus on how important it is for all people to have access to financial education.
" I believe having access to financial education is not a nice to have but actually a human right." - Prof Roslyn Russell
I believe having access to financial education is not a nice to have but actually a human right.
Everybody should have a right to learn about money. Most people can learn about it in other ways but some people who are in vulnerable situations (like people with disability, for example) may not have not had the same opportunity to learn about money.
As the NDIS is rolled out, all of a sudden there are people who have to be in control of their financial lives and make choices in ways they haven’t needed to before. They have to manage their budget for all of their care services, handle service providers, and oversee other financial elements, in some cases for the first time.
This has highlighted the need for for financial literacy programs like MoneyMinded, which can be a big support for people who are working with those on NDIS.
COMMANDEUR: At ANZ we’ve been particularly focussed on building the capacity of those working in the community sector. These people play a key role providing services to a range of vulnerable clients, many of whom could benefit from support in building their financial skills and wellbeing.
Part of our approach is to work with trusted community partners like the Brotherhood of St Laurence, The Smith Family, Berry Street, the Benevolent Society and others. These partners have high levels of expertise and have access to those people in the community most likely to benefit from MoneyMinded.
We put our energy into building a relationship with them, understanding the issues they are facing. We’re then able to provide them with support, training and educational materials they can take to their clients.
It’s a good way for us to reach more people together. The partners each bring complementary skills and resources to addressing an issue of concern to us all.