Why have MoneySmart Schools?
ASIC is responsible for improving the financial literacy of
Australians at all life stages. We recognise the significant role
that schools and teachers play in helping young people develop good
money habits and the value of including financial education in
Why consumer and financial
literacy should be taught in schools
Young people should be taught consumer and financial literacy so
- understand the language of money and understand the
consumer and financial landscape
- plan the management of their finances in order to spend,
save, donate and invest wisely
- understand risk and reward and exercise consumer rights
- develop enterprising behaviours
Schools and teachers are ideally placed to help young
Australians develop the knowledge, skills, attitudes and behaviours
needed to meet the challenges of the twenty-first
If children do not get these skills, the poor financial
decisions they make later in life can have a long-lasting impact on
ASIC's MoneySmart Teaching program, developed in consultation
with Australian educators, gives young people the opportunity to
start their financial education from the very beginning of their
Money makes the world go
Video: Money makes the world go around
Money makes the world go around video
This video highlights the need to teach consumer and financial
literacy in schools. Featuring key social trends and compelling
statistics, this powerful digital animation illustrates the demands
of a modern world on young people when money is invisible.
Why become a MoneySmart School?
Becoming a MoneySmart School has many advantages:
- Staff development - Your school will receive
ongoing staff development and leadership opportunities on a
nationally significant and sustainable project.
- Project Officer support - You will be
supported by a dedicated MoneySmart Teaching Project Officer in the
delivery of training, curriculum implementation and community
engagement approaches (although ACT and Tasmania have different
- Promotional support - You will receive public
relations and marketing support to promote your commitment to
consumer and financial literacy education to your school and local
- Showcase your efforts - Your school will also
have the opportunity to showcase your consumer and financial
literacy initiatives on this website.
What MoneySmart Schools do
A MoneySmart School:
- Equips students with the skills they need to participate
in their communities as confident and informed consumers.
- Encourages teachers to integrate consumer and financial
literacy into their daily teaching in a planned way with the
support of ASIC's freely available resources.
- Promotes active learning communities that support sustainable
school approaches to consumer and financial literacy education for
their students, staff and wider community.
- Grows and nurtures local consumer and financial literacy
education champions and partners.
Last updated: 15 Mar 2018