Managing Money
Learning how to manage your own money can be a gradual, and sometimes difficult, process for everyone.
It’s important to realise that knowing how to make the best use of your money is almost as important as being able to earn it.
If you are on a low income, it is especially important to learn how you can make your money work well for you.
Here in Australia, there does not seem to be specialist training programs to help people manage money.
Your parents can also be a great help in this area.
You might be interested in some resources from overseas. These could be adapted by friends, family or service providers to help you learn about money.
You could take a look at:
MoneySmart
This comprehensive website from the federal government’s Australian Securities and Investments Commission offers simple advice and tips on money management.
There is a wealth of information to be absorbed, you might like to start with:
Monash SEED (Socio-Economic Engagement & Development)
Find a pamphlet about financial literacy developed by Monash SEED here.
Financial Information Service
The federal government funds a free and confidential service which aims to educate and inform all Australians on financial matters.
You can call up or make an appointment for an interview to get help.
Financial Information Service is here.
Department of Human Services
There are several other programs to help you learn to manage your money.
Have a look at the Department of Human Services website for a list here.
Managing Money - From The UK’s National Autistic Society
This is an 11 page guide which covers the topics below. It can be printed out.
- Budgeting
- Using a bank account
- Choosing a bank account
- Opening a bank account
- Making payments and withdrawals
- Banks cards
- Using a PIN
- Keeping track of your balance
- Saving
- Insurance
- Borrowing money
- Making payments
- Debt
- Money and Your rights
- Frequently asked questions about money
You can even do an online training module to learn all about managing your money!
Cents and Sensibility – A guide to money management
This 60 page downloadable and printable PDF from Pennsylvania in the USA takes a comprehensive look at money management.
Although all the references are American, it is a useful document.
Managing Money
Learning how to manage money can be a gradual, and sometimes difficult, process for all young people.
Knowing how to make the best use of your money is almost as important as being able to earn it.
If your son or daughter is on a low income, it is especially important for them to learn how they can make their money work well for them.
Here in Australia, there does not seem to be any specialist training programs to help people manage money.
However this may be a part of a Transition To Work or other post-school program.
You might be interested in some specialist learning from overseas for ideas on how to support your son or daughtere in this regard. You could take a look at:
MoneySmart
This comprehensive website from the federal government’s Australian Securities and Investments Commission offers simple advice and tips on money management.
There is a wealth of information to be absorbed, you might like to start with:
Financial Information Service
The federal government funds a free and confidential service which aims to educate and inform all Australians on financial matters.
You can call up or make an appointment for an interview to get help.
Financial Information Service is here.
Department of Human Services
There are several other programs to help people learn to manage their money.
Have a look at the Department of Human Services website for a list here.
Managing Money – From The UK’s National Autistic Society
This is an 11 page guide which covers the topics below. It can be printed out.
- Budgeting
- Using a bank account
- Choosing a bank account
- Opening a bank account
- Making payments and withdrawals
- Banks cards
- Using a PIN
- Keeping track of your balance
- Saving
- Insurance
- Borrowing money
- Making payments
- Debt
- Money and Your rights
- Frequently asked questions about money
Cents and Sensibility – A guide to money management
This 60 page downloadable and printable PDF from Pennsylvania in the USA takes a comprehensive look at money management. Although all the references are American, it is a useful document.
Find Cents and Sensibility here
Money Counts – An Irish Online Training Program
This is an Irish online training tool to teach money management to people with an intellectual disability. The program has facilitator guidelines and advice. The currency used is Irish, however there are plenty of ideas to benefit from in this program.
Budgeting Basics
Budgeting Basics is a budgeting curriculum for people with developmental disabilities. Its from the US but can easily be adapated for Australia by parents, carers or service providers.
