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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.


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 offer the Certificate 1 in Financial Services, delivered through Youth Development and Training: RTO 31892, in our Learning for Life communities in NSW, VIC, ACT and QLD.

How Certificate 1 in Financial Services helps

81% of enrolled students achieved a Certificate I in Financial Services.

  • Knowledge: 79% of students post-program understood how superannuation works 3 months after completing the program
  • Rights: 86% know more about their financial rights 3 months after the program
  • Confidence: 91% reporting that they were confident making financial decisions 3 months after completing the program
  • Behaviour: 79% use a savings plan more often 3 months after the program
This is the first time in my life I’ve created and stuck to my budget – amazing

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

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