The Institute of Chartered Accountants Australia
today renewed calls to further improve the level of financial literacy
in our society, in the lead up to this year’s MoneySmart Week from 1-7
September.
Chief Executive Officer Lee White says the Institute is proud to be a gold partner of MoneySmart Week, a
national initiative which encourages Australians to take control of their financial wellbeing.
“Financial literacy and managing your money is an essential tool for empowering Australians to make sensible financial decisions throughout their lives – starting from primary school all the way through to retirement.”
Mr White said that while the level of financial literary in the school curriculum should continue to be increased, the importance of financial education throughout life and especially in the lead up to retirement was equally important.
“Australians are living longer so it is important for them to manage their money carefully if they want financial freedom in their retirement. It is critical to be well informed to make the right financial decisions.”
MoneySmart Week has several activities and initiatives, including a ‘money health check’ online to find out if your personal budget needs to slim down.
The Institute has developed financial literacy resources for different groups in the community and business sector, from young people to directors who need to improve their financial literacy to be able to make more informed financial decisions.
“Professional accountants are trusted advisors to nearly nine million Australians, which means we are there at the table when mums and dads are making the tough decisions about their personal finances.
“Whether you are beginning to manage your personal wealth or balancing the household budget, it pays to be money smart. That way people can make informed and effective decisions every day of the week, every week of the year,” Mr White said.
Financial literacy includes everything from understanding the value of a simple budget, to what to do with your superannuation and planning your investments. Being financially literate will allow individuals to participate positively in a role that will contribute to the economic health of the nation.
More information is available on the Institute website or at moneysmartweek.org.au
Chief Executive Officer Lee White says the Institute is proud to be a gold partner of MoneySmart Week, a
national initiative which encourages Australians to take control of their financial wellbeing.
“Financial literacy and managing your money is an essential tool for empowering Australians to make sensible financial decisions throughout their lives – starting from primary school all the way through to retirement.”
Mr White said that while the level of financial literary in the school curriculum should continue to be increased, the importance of financial education throughout life and especially in the lead up to retirement was equally important.
“Australians are living longer so it is important for them to manage their money carefully if they want financial freedom in their retirement. It is critical to be well informed to make the right financial decisions.”
MoneySmart Week has several activities and initiatives, including a ‘money health check’ online to find out if your personal budget needs to slim down.
The Institute has developed financial literacy resources for different groups in the community and business sector, from young people to directors who need to improve their financial literacy to be able to make more informed financial decisions.
“Professional accountants are trusted advisors to nearly nine million Australians, which means we are there at the table when mums and dads are making the tough decisions about their personal finances.
“Whether you are beginning to manage your personal wealth or balancing the household budget, it pays to be money smart. That way people can make informed and effective decisions every day of the week, every week of the year,” Mr White said.
Financial literacy includes everything from understanding the value of a simple budget, to what to do with your superannuation and planning your investments. Being financially literate will allow individuals to participate positively in a role that will contribute to the economic health of the nation.
More information is available on the Institute website or at moneysmartweek.org.au
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