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Department for Communities and Social Inclusion

MoneySmart Rookie program up and running throughout South Australia

2016-08-09

Almost $100,000 will be shared by 12 community organisations to deliver the MoneySmart Rookie program to young people at risk of homelessness.

The organisations will deliver the MoneySmart Rookie program to up to 200 young people, teaching them about budgeting and money matters.

Five of the 12 organisations are located in regional South Australia.

The program will be delivered to young people aged 15-24 years who are homeless or at risk of homelessness.

The program is an initiative under the South Australian 2016 Youth Strategy Connected to YOUth.

Money management skills are vital to helping young people on low and fixed incomes access and maintain accommodation.

For more information about the Money Smart Rookie program, visit www.moneysmart.gov.au.

For more information about the South Australian 2016 Youth Strategy, visit www.officeforyouth.sa.gov.au.

Background

The Money Smart Rookie program is an Australian Securities and Investments Commission program which teaches young people about important financial matters.

The program teaches young people about credit cards, managing debt, the financial pitfalls of mobile phones, buying a first car, shopping online and what to consider when living out of home.

Organisations are funded per student registered to attend. Almost 40% of students are expected to be Aboriginal or culturally or linguistically diverse.

Minister for Youth, Zoe Bettison said:

Supporting young people to get 'money smart' is critical to helping them successfully live independently.

The Money Smart Rookie program targets young people at risk of homelessness. The program will give them the budgeting and money management skills they need to secure and maintain accommodation.

The 2016 Connected to YOUth strategy identified youth homelessness as a key issue for young people. The Money Smart Rookie program is one way the State Government is supporting improved financial literacy of vulnerable young people.

Successful organisations are listed below:

Organisations and regions:

Aboriginal Legal Rights Movement Inc. - Northern Suburbs

Anglicare SA - Metropolitan Adelaide

Baptist Care SA - Northern Suburbs

Campbell Page Flo Program - Inner Southern and Western Suburbs

Centacare Catholic Family Services Country SA - Whyalla

Community Access and Services SA - Metropolitan Adelaide

Lutheran Community Care - Barossa and Clare

Re-Engage Youth Services - Onkaparinga Suburbs

Uniting Care Wesley Bowden - Paralowie, Port Adelaide and Taperoo

UnitingCare Wesley Country SA - Port Pirie and Port Augusta

West Coast Youth & Community Support - Port Lincoln, Akenta and Cummins

Yorke Youth Services - Yorke Peninsula

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http://dcsi.sa.gov.au/latest-news/media-releases-2016/moneysmart-rookie-program-up-and-running-throughout-south-australia
Last Updated:
28 Oct 2016
Printed on:
23 Nov 2017
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