6 October 2016
Media Release - #2016087, 2016

In the role of: Minister for Revenue and Financial Services [19 July 2016 - 28 August 2018]

New budgeting tool helps Australians take control of their finances

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, has today launched ASIC’s MoneySmart ‘Simple Money Manager’ at the Australian Bankers’ Association Financial Literacy conference in Sydney.

“The Government is committed to increasing financial literacy by providing Australians with resources to improve their understanding of financial products and services,” Minister O’Dwyer said.

The Simple Money Manager is a free online budgeting resource designed to help culturally and linguistically diverse (CALD) Australians with everyday budgeting.

CALD Australians have been identified as one of a number of priority audiences in the National Financial Literacy Strategy.

The Simple Money Manager is available in English and has been translated into eight community languages, representing established communities (Simplified and Traditional Chinese, Italian, Arabic and Vietnamese) and recently arrived groups (Somali, Dari and Sudanese Arabic).  The resource includes in-language audio making it engaging and easily accessible.

“Improving the accessibility of financial tools will help Australians take control of their daily finances and plan for their future,” Minister O’Dwyer said.

“The Government is working in partnership with multiple stakeholders, including business and industry, community and not-for-profit groups and the education sector to ensure the reach and impact of financial guidance and support for all Australians is expanded.

“We are committed to building the financial capability of all Australians to help them make informed financial decisions. Through ASIC we provide financial tools to build confidence and support the development of positive money habits.”

The Simple Money Manager is available on ASIC’s MoneySmart website at moneysmart.gov.au.