This year marks the fourth year the Money Mentor Program (MMP) has been engaged by Mount Alexander College and the third year by Altona College. At Mount Alexander College, it is being delivered to the whole year 8 cohort in their Maths classes. Altona College has found that the program is a good fit for students undertaking the elective Business Management.
We are delighted to have these ongoing relationships and grateful to the staff leaders who continue to champion the importance of student financial literacy.
The content for the Money Mentor program is evidence-based and carefully curated to provide engaging, interactive learning opportunities. The program provides a solid foundation for financial empowerment with its tailored, in-depth and practical approach.
Australian research found only 28% of teenage males and 15% of teenage females were considered financially literate.
Research undertaken by the Organisation for Economic Co-operation and Development (OECD) to assess the financial literacy of middle secondary school aged students, specifically fifteen-year-olds, found that, one in seven students could not make even simple financial decisions in their daily spending.
The Money Mentor program is filling the education gap. The low rate of teenage financial literacy leads to poor financial decisions for the job ready.
Our program helps young people navigate:
– their first job
– their first pay check
– their first purchases
Set them on the path to lifelong financial resilience and success. Please reach out if this program may benefit your child’s High School or your community group via angela@moneymentor.org.au or more information head to our website.
- Author: Kelly Mevel, Local Impact
