The Mortgage and Finance Association of Australia (MFAA) has announced the launch of Global Money Week and is calling on brokers to get involved.
Global Money week is an annual international money awareness initiative, founded in 2012 and coordinated by Child & Youth Finance International (CYFI). This year, the MFAA have partnered with Global Money Week and CYFI to bring the initiative to Australia.
“The MFAA supports the notion that financial literacy is a key social and educational issue in Australia,” MFAA CEO Siobhan Hayden said.
“Our committed group of members are passionate about current standards, actively combatting this concern and promoting ongoing financial education.”
Global Money Week 2016 will take place on 14-20 March 2016 with the theme of ‘Take Part, Save Smart.’ It aims to engage children and teenagers worldwide in learning how money works, including saving, creating livelihoods, gaining employment and entrepreneurship.
To accomplish this, the MFAA will be working with Global Money Week to train brokers to deliver a highly interactive presentation session to a community group including children. These sessions will be focused on encouraging conversations that improve children’s and families’ understanding about basic financial literacy including debt, credit, affordability and security.
According to the MFAA, the programme will be supported by an online youth community forum and competition, incorporating interactive content such as games. There will be resources for parents as well to assist in educating their children.
Hayden says brokers will be provided with the tools, training and social media support to deliver an effective programme across Australia.
“We encourage all MFAA brokers to become involved in this important initiative to educate the financial decision makers of the future,” she said.
“The MFAA is proud to be the Australian champion of Global Money Week and hope to match the international success of the programme which is now operating in over 100 countries.”