FINANCIAL LITERACY EDUCATION

1.INTRODUCTION

Pormpur Paanthu Aboriginal Corporation is committed to working in a person and family-centred approaches to recovery and harm minimisation that emphasises health and wellness as a goal and promotes social emotional spiritual and physical health through enabling protective factors such as connection to land. Included in this approach to community wellbeing is reciprocal maintenance: Taking care of each other, taking care of the community and taking care of the environment.

2.SCOPE

To provide personal support to Aboriginal and Torres Strait Islander people affected by a range of dependences and behaviours that impact on recovery, including budget management and gambling. PPAC provide education and strategies to improve financial management that promotes wellbeing for families and the community; and increases clients’ individual sense of healing and personal wellbeing

3.SERVICE DESCRIPTION

The Service will  Work with clients needing financial literacy education,
Educate clients to understand debt and consumer credit,
Educate clients in fundamental financial literacy skills,
Provide Budget Management and Mentoring as part of case management.

4.TARGET GROUP

Aboriginal and Torres Strait islander people aged 16 years and older: Youth, Aged; Church and community groups; Low income earners; Centrelink recipients, and vulnerable clients

5.OUTPUT DESCRIPTION

Financial literacy education provides targeted information and resources to meet particular client needs and promote personal and social development and financial management

6.OUTPUT ACTIVITIES

Identify influence of own values and attitudes towards money management.

Recognise one’s budgeting and money management behaviours, and influence of significant others, in relation to money management.

Assist clients to identify influence of own values and attitudes towards money management.

Assist clients to identify their own money management styles, in relation to saving and spending.

Assist clients to identify any barriers to effective personal money management.

Apply understanding of the role of money for different client group.

Identify specific needs of clients or target group in relation to financial literacy education.