Money for Life

Understanding how to save and use money is becoming increasingly important.

‘Financial literacy’ is defined as the ability to make informed judgments and effective decisions about the use and management of money. Research has shown that people with limited understanding about money matters are more likely to have lower education levels, be unemployed, receive lower incomes and have minimal savings1.

Evidence suggests providing education about money management has become more necessary than in the past. In the 2011 ANZ Adult Financial Literacy Report, key groups identified as least ‘financially literate’ included young people aged 25 and under, those with no formal post-secondary education and those with relatively low levels of income and assets2.

Money

What is certificate 1 in financial services?

I learnt how to handle money…budgeting…savings…business plans…taxes…superannuation… goal setting…spending for things you need rather than what you want…needs first…food, shelter, stuff like that

Certificate I in Financial Services is a short course focusing on the essentials of money management and developing skills to achieve financial goals.

The Smith Family developed a financial literacy course specifically targeted to those on low incomes. The course was created with the leadership and support of ANZ, and is based on modules available through their award winning MoneyMinded program. It consists of five 2.5 hour sessions delivered by an accredited trainer.

Completion of all five elements and an assessment results in gaining the qualification of FNS10110 Certificate I in Financial Services.

We currently offer the Certificate 1 in Financial Services in Learning for Life communities in NSW, VIC, ACT and QLD.

How Certificate 1 in Financial Services helps

After completion of the course, 68% participants indicated almost always or frequently planned how they would spend their money, up from only 35% before. (2012 evaluation report) 

100% of participants agreed they felt:

  • More confident about managing money

  • More able to manage their 

  • More motivated to manage their money well3


This is the first time in my life I’ve created and stuck to my budget – amazing

1ANZ Survey of Adult Financial Literacy in Australia (May 2003)
22011 ANZ Adult Financial Literacy Report