Financial literacy is a combination of financial knowledge, skills, attitudes and behaviours necessary to make sound financial decisions, based on personal circumstances, to improve financial wellbeing.
Having financial literacy means being able to understand and navigate the financial landscape and make good decisions about money. This can benefit individuals, families and communities. It helps people make informed choices, day-to-day and throughout their lives.
This course supports the Australian Government’s National Financial Literacy Strategy (page 14) through its agency the Australian Securities and Investments Commission (see Appendix 2). Although low financial literacy may be found in any demographic group, it is more likely to be encountered in learners who are targeted by this course.