Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Money Week highlights the need for financial literacy


7 September 2012

Money Week highlights the need for financial literacy

Money Week, New Zealand’s first week about helping Kiwis learn about everyday money, highlights the real need for improved financial literacy says Raewyn Fox, CEO of the New Zealand Federation of Family Budgeting Services.

“We have seen a range of money-related events taking place across the country, and their popularity has really highlighted the need for financial literacy education in New Zealand,” Fox says.

“Your everyday money is your household money; the money you need to pay the bills, feed your family, and pay your rent. It’s essential to learn how to manage this money, but it’s not always taught in school.”

“Budgeting services provide free budgeting advice to individuals and families,” Fox says, “and we play our part in educating clients. Our budget advisers teach clients how to identify the options and make sensible financial decisions. But often we get to the client too late, and they have fallen into a significant financial hole,” Fox says.

“Our budgeting services saw more than 40,000 clients last year. We have 700 budget advisers across the country and we are represented in almost every community. But we are seeing more clients than we ever have before, and community education programmes tend to get put aside while we deal with crises.”

“Initiatives like Money Week highlights that New Zealand is ready for some proactive financial literacy programmes,” Fox says.

The New Zealand Federation of Family Budgeting Services is a network of community budgeting services offering free, confidential, non-judgemental budgeting advice. Find a free budget adviser on www.familybudgeting.org.nz or by calling 0508 BUDGETLINE (283 438).

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Panic In The Pacific Over China


For years, it has been no secret that China wants closer security and trade ties with the small nations of the Pacific region. All part of Beijing’s self-image as a global superpower. To that end this week, Chinese Foreign Minister Wang Yi embarked on an unprecedented 10-day tour of the Pacific, aimed at convincing his Pacific hosts to join a cross-Pacific agreement that would let Beijing provide them with high-level police training and security, shared data co-operation and other joint services ranging from agriculture to tourism...
More>>



 
 

Covid-19: Second Vaccine Booster For The Most Vulnerable
People who are at high-risk of getting very sick from a COVID-19 infection will soon be eligible to receive a second booster, COVID-19 Response Minister Chris Hipkins said today... More>>


Crime: Govt Helps Protect Shops From Ram Raids

The Government is providing further support to help Police protect small businesses affected by a spike in ram raids, Minister of Police Poto Williams says... More>>


Government: Investment Boosts Coastal Shipping In Aotearoa
New Zealand is a step closer to a more resilient, competitive, and sustainable coastal shipping sector following the selection of preferred suppliers for new and enhanced coastal shipping services, Transport Minister Michael Wood has announced today... More>>


PM Speech: Harvard University Commencement Speech - Democracy, Disinformation And Kindness

In Te Reo Māori, the language of the indigenous people of New Zealand, I paid tribute to all of the esteemed guests who stand here in this great forest of knowledge. It is a privilege to be here, and I thank you for the honour... More>>

Government: Independent Panel Appointed To Review Electoral Law
Justice Minister Kris Faafoi today announced appointments to the independent panel that will lead a review of New Zealand’s electoral law. “This panel, appointed by an independent panel of experts... More>>


Trade: Prime Minister To Visit United States
Prime Minister Jacinda Ardern is leading a trade mission to the United States this week as part of the Government’s reconnection strategy to support export growth and the return of tourists post COVID-19... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels