Financial Literacy for CALD Women by WIRE

Introduction to Financial Wellbeing: Brief overview of what financial wellbeing means & why it is important.

The connection between financial health and overall wellbeing

Budgeting Basics: Introduce the concept of budgeting, track income and expenses and create sustainable financial goals.

Needs vs Wants: Understanding the difference and prioritizing financial decisions.

Emergency Fund: The importance of building a safety net for unexpected expenses and strategies for saving effectively.

Managing Utility Bills: Provide knowledge about managing utility bills, understanding statements, and avoiding late fees.

Managing Debt and Avoiding Debt Traps /Scams: Different types of debt & how interest works. Tips on paying off debt

Understanding Afterpay and Similar Services: Explore how “buy now pay later” services work, the pros and cons and the importance of using them responsibly.

Access to Financial Support: Familiarize participants with available financial services and support programs, ensuring they know where to seek help when needed.