The My Moola: opening financial pathways is an adult financial literacy program for members of Indigenous communities. It involves a fun interactive 10 week program that links personal development and goal setting with financial literacy and ongoing mentoring.
My Moola was developed in 2007 through a partnership between First Nations Foundation and ANZ under a shared commitment to improving the financial inclusion of Indigenous Australians. It was piloted in the Goulburn Valley region of Victoria with a valuable contribution from the Indigenous community. First Nations Foundation acknowledges that some of the material contained in the My Moola financial literacy component has been drawn from ANZ’s MoneyMinded resource and MoneyBusiness – an Indigenous financial literacy resource developed by ANZ in partnership with FaHCSIA. |  |
The Program
The 10 module program takes a holistic view to financial empowerment with several key objectives for participants including:
- Increase participants skills in personal development related to goal setting and overcoming barriers to success
- Provide participants with an understanding of the impacts of financial decisions related to: expectations, needs, and aspirations
- Increase participants awareness and knowledge of costs, risks, and benefits of financial products and services
- Provide families with tools to develop a shared vision around culture, education and economic well-being
- Provide on-going support through individual mentoring of participants
The program is delivered by Indigenous facilitators, employed by local organisations. The program is designed to develop the capacity of the local Indigenous community to own and control the program moving forward and actively lead the change-management process within the community.
Workshops include: goal setting; overcoming barriers to success; making money stretch past payday; planning to win; looking after my future; internet and phone banking; credit can be a wealth hazard; money loans, sharks and traps; sharing my vision and reflection.
Workshops include: goal setting; overcoming barriers to success; making money stretch past payday; planning to win; looking after my future; internet and phone banking; credit can be a wealth hazard; money loans, sharks and traps; sharing my vision and reflection.
| My Moola Program Overview |
