New tool to help grow Aboriginal people's financial skills

18th Nov 2019

In an Australian first Aboriginal and Torres Strait Islanders will be able to access an Indigenous created online financial literacy package designed to grow the financial skills of the First Nations people's.

Research from the First Nations Foundation revealed 9 in 10 Indigenous people do not have financial security. In order to help grow Aboriginal and Torres Strait Islander people’s financial skills the foundation has launched the My Money Dream program.

The program designed on the face to face model used by the foundation over the last decade and aims to grow First Nations peoples knowledge in budgeting, banking, insurance and buying a home.

The program is targeted to businesses, corporations and government agencies which employ Aboriginal staff, which can purchase licences allowing their staff or participants to use the program.

Chairmen of the First Nations Foundation Yorta Yorta man Ian Hamm told CAAMA radio it’s a critical time for Aboriginal and Torres Strait Islander people to grow their financial knowledge.

While acknowledging it’s early days and they want to ensure it’s done well, Mr Hamm said he would eventually like to see My Money Dream translated into Indigenous Australian languages.

Chairperson of the First Nations Foundation Yorta Yorta man Ian Hamm - First Nations Foundation Image

Money Photo by Debora Cardenas on Unsplash