Simple steps to financial confidence

ANZ’s financial literacy programs for women

ANZ’s Adult Financial Literacy Survey provides insights into Australians’ attitudes towards their money, their financial knowledge and money management behaviours. 

ANZ’s fifth Survey of Adult Financial Literacy in Australia in 2014  uncovered some important differences between men and women when it comes to money management. On average:

  • women found dealing with money more stressful than men, even when things are going well financially
  • women aged 28-59 years had lower scores than men on ‘financial aspiration’
  • women track their money more closely than men but despite this, feel less in control of their finances.

These findings highlight the need for women to become more confident with money, which is something ANZ is working to achieve through two financial literacy programs.

1. MoneyMinded: Building financial skills and savings


ANZ’s flagship financial literacy program, MoneyMinded, has reached over 260,000 Australians in the past decade, with 73 per cent of participants being women and 35 per cent sole parents.

MoneyMinded has been expanded into New Zealand and the Asia-Pacific region, retaining a special focus on mothers, students, female entrepreneurs and young women with a common goal to build their financial skills and resilience for the future.

The MoneyMinded website is designed to help you understand your attitudes to money, set financial goals and create a budget to help you achieve those goals. It also offers practical advice on how to manage your credit card and how to get the most from your superannuation.

Find out more at http://www.moneyminded.com.au/ 

2. Saver Plus: Building assets for the future

Saver Plus gives people an incentive to build their savings by offering matched savings for educational items. The program was developed by ANZ in partnership with anti-poverty charity the Brotherhood of St Laurence and is currently delivered in 60 communities around Australia with the support of the federal government.

Women comprise 86 per cent of Saver Plus participants in Australia, most often single mothers saving for their children’s education. As they build a savings habit, participants come together in MoneyMinded financial education sessions where they meet and discuss money matters with peers and supporters while picking up new skills.

Research* has shown that for people who complete Saver Plus, 87 per cent maintain savings levels set during the course or more, up to three years after program completion, building their assets for the future.

Savings behaviour and budgeting skills developed in Saver Plus are also often shared with members of the family, particularly children.

Find out more at the Saver Plus website.