The Minister for Revenue and Financial Services, The Hon. Kelly O’Dwyer has today launched ASIC’s MoneySmart ‘Simple Money Manager’.
The Simple Money Manager is a free online budgeting resource designed to help culturally and linguistically diverse (CALD) Australians with everyday budgeting to take control of their finances.
ASIC has consulted a wide range of government and community organisations to ensure the user experience was at the centre of the design and sought advice on the community languages chosen.
The resource is available in English and has been translated into eight community languages, representing established communities (Simplified and Traditional Chinese, Italian, Arabic, Vietnamese) and recently arrived groups (Somali, Dari and Sudanese Arabic). It includes in-language audio to help users easily interact with it.
Minister O’Dwyer said the Simple Money Manager provides a practical tool to assist with everyday financial management which addresses the limited written literacy for some language groups.
Minister O’Dwyer added:
Improving the accessibility of financial tools will help people take control of their daily finances and alleviate any stress this brings. It will also build confidence to develop positive money habits which will stay with them for the rest of their lives.”