Money management skills taught in a new program

Northlakes High School students took part in the Greater Bank Finance Academy’s Fundamentals of Financial Literacy Program on June 5.
Currently in its pilot stage, the program is part of a five-year partnership between Greater Bank and the University of Newcastle, which has seen the establishment of the Greater Bank Finance Lab, coupled with the delivery of community education programs and practical workshops.
The program was delivered to students in Year 10 by nominated university student ambassadors studying business, commerce and teaching, along with Greater Bank staff volunteers.
The Greater Bank staff delivered the practical program content, while the university students challenged Northlakes students to think about their relationship with money and look at the theory and broader strategies behind money management.
Over the next six months, more than 500 students from 20 high schools across the Hunter and Central Coast will participate in the program.
The course content covered with these schools, as well as feedback from students and educators involved, will help shape the evolution of the program, which is planned to be rolled-out in its entirety from 2020.
Greater Bank Head of Marketing and Customer Experience, Matthew Hingston, said that he is thrilled to be working with the University on such an important initiative that will encourage young people to question how they think about money and achieve set financial objectives.
“The program demonstrates the alignment that exists between our organisations to a commitment and mutual support of improving the lives of individuals and community connectedness through financial literacy,” said Hingston.
“We will harness the strength of the University’s theoretical knowledge with the application of Greater Bank’s practical, real world experience to develop an industry first program that will extend to benefit young people in the community,” he added.
Northlakes Highschool Principal, Warren Welham, said the program was a welcomed opportunity to pass on money management skills.
“We look forward to working with Greater Bank and the University of Newcastle to continue to prepare our students for the real financial world and play a part in building the financial literacy of the next generation,” said Welham.

Source:
Media release, Jun 4
Glenn Hawke, Karris Communications

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