Financial literacy and wellbeing
We develop financial literacy information resources for migrant and refugee women to support our capacity to manage finances.
Financial literacy refers to our understanding, competency and responsibility regarding finances and is an important building block of financial wellbeing. Improving our financial literacy skills helps us to work through difficult times and to find help if we need it.
The information resources cover the following key financial literacy skills:
- Understanding what money is, its value, and how it is used.
- Understanding basic financial services and products, how and when to access them.
- Understanding how to make informed decisions about finances and financial products.
- Understanding our financial rights and responsibilities as consumers, and what to do if something goes wrong.
The Financial Literacy for Women Course
The Financial Literacy for Women course is a free e-learning resource designed to help migrant and refugee women manage their money while living in Australia. The course takes you through different steps of handling finances, including setting up a bank account, making payments, earning an income and saving for your retirement. One of the most important things to know about managing money is how to create a budget to track your spending and saving. This course gives you the tools and information to help you make a budget as well as tips for managing finances with your partner or family. As a woman, learning about your finances will help to ensure you understand your rights and the impact of any financial decisions you make.