Brokers bringing meaning to finances for young people

Despite the popularity of personal finance articles, podcasts and YouTube channels, financial literacy is an essential skill that Australians are falling behind on, and this can have profound impacts on future homeownership and financial security.

Surveys, including the Household, Income and Labour Dynamics in Australia (HILDA) Survey, are showing that financial literacy is declining particularly among females and young people across the country.

Financial literacy goes beyond knowing how to save money. It includes understanding basic financial concepts like budgeting, managing debt, investing and making smart choices with money.

“It’s never too early to learn about finances, and we know many of our members work with their clients and within their communities to grow the financial literacy of the next generation,” said Dan Walsh, MFAA Executive Professional Development and Member Engagement.

“To support this important work our members do, we’ve released a series of engaging financial literacy presentations specifically designed for use with school children.”

These age-specific presentations, tailored for different age groups from primary to high school, provide an engaging platform for MFAA members to contribute to, and establish themselves as a trusted member of, their community.

The presentations address topics relevant to different age groups, ensuring children gain age-appropriate knowledge. Younger students might explore the concept of needs versus wants, while older students could delve into saving for future goals, understanding credit cards, and responsible borrowing practices.

Here’s how these presentations can benefit you and your community:

• Make a positive impact: By educating young people about earning an income, budgeting, saving and investing, you’re contributing to their future financial well-being.
• Build trust in your community: Sharing your knowledge fosters trust and positions you as a knowledgeable resource in your community.
• Enhance your professional profile: Taking time out of your day to help educate young people demonstrates your social responsibility which reflects positively on your professional approach.

Our school presentations are:

• Easy to use: The downloadable resources are ready to use, you can also tailor them to your preferred delivery style.
• Fun and engaging: Each presentation comes with ideas for interactive activities and age-appropriate language that make learning enjoyable for students, creating positive associations with financial concepts.

Access the presentations:

MFAA members can access the presentations by logging into the MFAA member portal. They’re under Community Involvement in the Broker Toolbox along with presentation notes and information on Working with Children checks.