Money management kit

Other languages

Money management kit factsheets, audio stories and photo stories are available in:
Arabic, Assyrian, Burmese, Chin Hakka, Dari, Dinka, Farsi, Hazaragi, Karen, Kirundi, Nepalese, Nuer, Sudanese Arabic, Swahili and Tamil.

For community settlement workers

Our Money management kit includes audio content and photo stories (videos) in 16 different languages including English.

The kit was developed for community settlement workers who work with new arrivals. It can also be used by teachers and welfare and healthcare professionals who provide general financial literacy education, or teach English as a second language.

How to use the kit

Video: Overview of the kit

Money Management Kit video

Aileen provides an overview of the different resources in the kit and how you can use them to help people manage their money.

Kit topics & factsheets

Kit topics Factsheets

Image of several brochures


  1. Household budgets
  2. Saving money
  3. Paying bills
  4. Contracts
  5. Banking
  6. Credit
  7. Types of credit
  8. Debt
  9. Working in Australia
  10. Insurance

Key contact information

Image of several brochures

Text versions of these factsheets are available on the Publications page.

Audio stories

38 secs

Household budgets

Voice 1: I do not know where my money goes! I never have enough money for everything!

Voice 2: You need a household budget!

Voice 1: A household budget? What is that?

Voice 2: It is a plan for your money that will help you keep a regular check of what you spend.

Voice 1: That sounds helpful! How do I do a budget?

Voice 2: It is easy. Make a list of the money you receive, such as money from work or Centrelink. Then list everything you need to spend your money on, such as food, rent, electricity and mobile telephones.

Voice 1: Thanks! So if I follow my budget, I will understand how I spend my money, and I might be able to start saving some money!


47 secs


Voice 1: I got a letter in the mail offering me free money!

Voice 2: They are actually offering you Credit, which is money you can borrow but have to pay back. There are also extra costs.

Voice 1: I do not understand. Why would they give me money?

Voice 2: Well by giving you money they make money.

Voice 1: How?

Voice 2: Money lenders charge interest and fees on money they lend. That is how they make their money.

Voice 1: Oh okay.

Voice 2: Credit can be helpful, but it is important to remember that it has extra costs. You must also pay back the interest on top of the original amount borrowed.

Voice 1: So, it sounds like too much credit could cause me money problems if I do not pay it back on time?

Voice 2: Yes. You are right. Only borrow what you can pay back.

33 secs

Saving money

Voice 1: I always spend all of my money. I never seem to have enough to do the things I want.

Voice 2: Why not try to save a little money. If you save just $5 each week by the end of the year you will have saved $260.00 and if you put it in a savings account at the bank it will grow as you save more.

Voice 1: That sounds like a good idea! That way when I have saved enough money, I can buy something I really want.

Voice 2: Be smart with your money. Money you have saved can help pay for unexpected expenses.


38 secs

Types of credit

Voice 1: I need to borrow some money to buy a car. I have heard that there are different types of credit.

Voice 2: That is right. There are different types of credit depending on what you need to buy, such as home loans, short term loans and credit cards. Some credit costs more than others. What you need is a car loan.

Voice 1: Ok. How do I do get a car loan?

Voice 2: You will need to shop around for the credit that is best for you. When looking for a car loan you need to get quotes from different lenders. Then you need to compare the costs and conditions of borrowing the money to see which option is the best for you.

Voice 1: Ok that is good to know.

36 secs

Paying bills

Voice 1: You look worried! What is the matter?

Voice 2: I have just received letters in the mail saying I owe money for the electricity and my mobile phone!

Voice 1: Yes, they are called bills! Everyone has to pay the cost of using these services.

Voice 2: But how do I know when a bill has to be paid?

Voice 1: On your bill you will see a due date. This is when you need to pay it by.

Voice 2: How do I pay the bills?

Voice 1: There are many ways. You can organise payment through Centrepay, direct payments through your bank, over the phone or internet, in person at a post office or by mail.


43 secs


Voice 1: A friend of mine says he is having problems paying his debt. Can you tell me what debt is?

Voice 2: Debt is money you owe and need to pay back. It can be money you have borrowed or bills you have not paid.

Voice 1: What can my friend do about his debt?

Voice 2: He should contact the company he owes money to and let them know he is having difficulties. He may be able to make repayments he can manage better.

If he would likes some help to do this he could contact his local free financial counsellor by ringing 1800 007 007.

Voice 1: What happens if he does not do anything?

Voice 2: If he does not pay his debts when he needs to he may have a legal problem. It may also cost him more money.

40 secs


Voice 1: I want to get a new mobile phone but the company says I need to sign a contract. What is a contract?

Voice 2: A contract is a legal agreement. Once you sign it, in most cases you cannot cancel it even if you change your mind.

So you need to be aware of your obligations before you sign the contract.

Voice 1: What if I just agree to buy the phone but don't sign the contract?

Voice 2: A contract can also be oral. For example if you are made an offer over the phone and agree to it - that is a contract.

Voice 1: So I need to make sure I fully understand everything before I agree to anything.

Voice 2: That is the best advice I can give you.


40 secs

Working in Australia: Pay, tax and super

Voice 1: Congratulations on your new job!

Voice 2: Thanks! My new employer said that every pay day, I will receive a pay slip which will tell me how much I have earned and how much tax I have paid.

Voice 1: Do you know that all employers must pay you superannuation?

Voice 2: Yes. They told me that they will be paying extra money regularly into a superannuation account. This money will be saved for when I am old and do not work anymore. But before I start work I need to get a tax file number from the Taxation Office.

Voice 1: Have you let Centrelink know?

Voice 2: Yes. It is important to let Centrelink know of changes to your financial situation.

35 secs


Voice 1: I am glad I went to the bank yesterday! I feel confident that my money is safe.

Voice 2: Do you know that you do not have to go into the bank to take your money out?

Voice 1: Yes! The bank explained that debit cards have a personal PIN number that allows only me to access my money at ATMs, supermarkets and other cash outlets.

Voice 2: Did the bank also explain how important it is to keep your PIN number a secret?

Voice 1: Yes. You should not tell anyone else your PIN number and you should not keep it with your card. In Australia you can keep your money safe in a bank, credit union or building society.


38 secs


Voice 1: Did you hear that our neighbours house got broken into recently?

Voice 2: Yes and everything was stolen. It was good that they have insurance!

Voice 1: What do you mean by insurance?

Voice 2: Insurance is an agreement where you pay money to a company to protect important things like your car, home and your health.

Voice 1: What sort of insurance did our neighbours have?

Voice 2: They had home and contents insurance, which helps them replace some of the stolen items and cover their losses.

Voice 1: Well that must be a relief for them!

Voice 2: It is. They were very upset but they're glad that they took the time to get the right insurance cover.

Photo stories (video)

Information from other government agencies

Related links

Last updated: 04 May 2018