ANZ

In 2007 RMIT University continued to be ANZ's MoneyMinded research partner, helping to determine not only how many people participate in the program, but how the program assists people to make positive money management behaviour changes.

Highlights from the 2007 Evaluation of MoneyMinded

• An estimated total of 22,458 people have participated in the MoneyMinded program over this period.
• A total of 1,040 facilitators were trained by community organisations over the period.
• There is a wide range of groups receiving MoneyMinded education however, sole parents, those from Non-English Speaking Backgrounds (NESB) and those with disabilities are most common.
• Facilitators have found the resource to be valuable in helping them to assist their clients build financial skills and knowledge. Feedback from participants has been positive and the resource is adaptable to suit a wide variety of participant characteristics and needs.

Highlights from the 2006 Evaluation of MoneyMinded's Reach and Impact

• A total of 15,279 people participated in MoneyMinded between 1 October 2005 and 30 September 2006.
• 532 facilitators across all States and Territories were trained to deliver MoneyMinded.
• 93 per cent of participants in focus groups reported a positive change in the way they managed their finances after MoneyMinded training.
• The most popular topics are 'Planning and budgeting' and 'Dealing with debt'.
• Facilitators find the program highly adaptable and user-friendly.

Highlights from the 2005 Evaluation of the MoneyMinded trial

• MoneyMinded is most beneficial to people with lower incomes who are receiving government benefits and/or working part-time and who attended multiple workshops.
• Those who gained most from the program self-reported the following money management behaviour prior to undertaking the MoneyMinded workshops:
  - Spending all their income as it came in.
  - Rarely using or not using direct debit or BPAY facilities.
  - Having lower levels of mathematical and computing literacy.
  - Are concerned about debt and need advice.
  - Do not have a correct understanding of credit card liability.
• Lower income Australians who received financial literacy training using MoneyMinded found the following topics most useful: Everyday banking and financial products; Rights and responsibilities; Living with debt and Planning and saving.

Youth Financial Literacy Trial

In 2005 ANZ supported a trial of youth financial literacy materials at Peter Lalor Secondary College in Melbourne's north. The materials were adapted from MoneyMinded. ANZ also supported RMIT University to evaluate the trial.