Teaching resources for VET
Money management skills
for VET students
MoneySmart offers a number of online resources to
develop the personal money management skills of VET
students, apprentices, trainees
and senior high school students.
For students considering self-employment or starting a
small business after finishing school, understanding money and
finance is vital.
ASIC's First Business resources have been developed to help
young people thinking about going into small business. The
The First Business online module includes eight sections and
covers getting started, business planning, budgeting, tax
requirements and insurance.
Each section includes a scenario to put everything in context,
reflect on and help grow business ideas and an activity to
apply new knowledge.
The First Business app helps prepare young people who are
starting their own business.
It includes sections on working out whether you are ready to get
started, keeping track of requirements for running a business,
developing business networks and it saves and compiles useful
websites and information on starting a business.
Our new app is a great place for students to start their
small business journey.
First Business app
ASIC's Be MoneySmart is an online training
resource for VET students (including apprentices and trainees) and
senior high school students. The resource helps students to develop
money management skills which support their future careers in small
business or as contractors.
This resource can also be used by community educators, job
service providers and financial counsellors for non-formal training
sessions with their clients.
ASIC's Be MoneySmart offers five online modules:
Saving, budgeting and spending - Students establish savings
goals, create a budget and a savings plan.
Personal tax - Students establish a system for storing receipts
and work through tax topics so they can prepare a return.
Superannuation - Students compare super funds, work through a
super statement and learn how to keep track of their super.
Debt management - Students compare debt products, learn to
manage credit cards and find out what to do if debt becomes a
Insurance - Students investigate car, home and content
insurance and learn how to choose the right type of insurance and
level of cover.
Each module features real life examples and video case studies
of young people from a range of occupations. The modules support 1
hour of online activity and 2 hours of offline study. Each module
includes a student workbook.
ASIC's Be MoneySmart
brochure highlights several ways the resource can
Delivering ASIC's Be
ASIC's MoneySmart Teaching have developed an online
professional development module to assist teachers, trainers and
community educators in using ASIC's Be MoneySmart resource with
This module helps educators:
- Gain a detailed knowledge and understanding of ASIC's Be
- Consider strategies to deliver the Be MoneySmart resource in
accredited and non-accredited settings
- Understand the flexibility of the program and how to deliver
the topics in a meaningful way to your learners
- Understand how the program maps to the unit of competency FNSFLT301
Be MoneySmart (part of the Financial Services Training
ASIC's Be MoneySmart
For trainers and assessors
Be MoneySmart has been
designed to support the delivery of the unit of competency
FNSFLT301 - Be MoneySmart, either as an imported unit in a
variety of courses, or as part of the Certificate III in Financial
The online modules can also be used as part of non-accredited
training for general money management skills programs.
Be MoneySmart can be accessed for free using the
links to each module above. Organisations who wish to obtain the
trainer/assessor guide or a copy of the resource for use in their
learning management systems or intranets can complete the following
Last updated: 06 Feb 2019