Apprentices and trainees get Cash Wise

The earlier in life you can discover how to appear soon after your funds, the less economic troubles you’re most likely to run in to down the track. Back in 2007 the Financial Literacy Foundation conducted a survey of children aged 12 – 17 on a variety of economic literacy topics. Approximately 43% of the teen respondents stated that dealing with cash was stressful and overwhelming, and around 2-thirds of the respondents had been keen to discover more about cash across various regions of finance.

The Australian Securities and Investments Commission (ASIC) is assisting to facilitate this with the launch of a new online training resource for students in vocational education and instruction. The resource – Be MoneySmart – aims to enhance their economic literacy by better understanding personal taxation, superannuation, insurance coverage, debt management and budgeting.

ASIC Commissioner, Greg Tanzer encouraged trainers and teachers operating in TAFE Institutes, registered education organisations, group instruction organisations and schools to introduce ASIC’s Be MoneySmart into their courses.

“Financial literacy is about empowering individuals so that they can confidently make economic choices, handle monetary dangers and participate in our monetary system”, stated Mr Tanzer. “Developing excellent cash habits early on will not only aid trade students for the duration of their education, but all through their careers.  Producing intelligent choices about funds is invaluable for these students who go on to be self-employed or employ others.”

ASIC’s Be MoneySmart resource was created with help from Innovation and Business Abilities Australia, the Australian Tax Office, Group Education Australia, Fair Function Constructing and Construction and Bendigo Kangan Institute.

The Chief Executive of Group Training Australia (GTA), Jim Barron stated the new resource is an invaluable asset for young individuals beginning out in their careers.

“It is important that we give our apprentices and trainees the essential lessons in financial management early in their careers so that they have these tools to fall back on all through their operating lives.”

Be MoneySmart can be utilized for accredited education as portion of the Certificate III in Economic Solutions or for general money management expertise improvement programs. It is also offered as a package for training organisations.

“Group Coaching Australia is delighted to be element of this consultation method, and commends ASIC and the other partners on an initiative that will have long-lasting and widespread rewards,” Mr Barron said.

The resource covers the following locations of monetary literacy:

• Saving, budgeting and spending


• Personal tax


• Superannuation


• Debt management and


• Insurance.

Whilst they’re not the most riveting of topics, there is no doubt that the demand is there.

In terms of wanting much more monetary education, the respondents of the 2007 survey nominated the following places of income management as these in which they wanted to understand much more:

• Find out far more about how to understand monetary language: 81.6%


• Discover more about how to save money: 90.4%


• Understand more about how to invest income: 80.7%


• Discover far more about how to manage debt: 82.5%


• Understand much more about planning for your extended term future: 84.9%


• Learn much more about how to pick suitable insurance: 79.6%

Be MoneySmart is available cost-free of charge at www.moneysmart.gov.au/teaching

Apprentices and trainees get Cash Wise

Wise motorway fears revealed

9/5/14

By Simon O’;Hare

Several drivers are worried about their security on new Sensible motorways which are getting introduced across England, according to a survey.

Around 6 out of 10 drivers (71%) stated they would feel less secure on a motorway with no a challenging shoulder, study from the Institute of Advanced Motorists (IAM) revealed.

A strategy to make security refuges additional apart on motorways is a essential concern, with nearly half (48%) of drivers suggesting there must a maximum of 500 yards (.45km) amongst each 1.

The response was not wholly adverse even though, as about 4 in 10 (42%) consider Sensible motorways have eased congestion and a equivalent proportion (43%) stated they have cut journey occasions.

One particular in 3 motorists (32%) stated they would help undertaking getting legalised on Wise motorways.

But the survey has prompted the IAM to suggest drivers require more advice, with 2-thirds (67%) of respondents saying they have not noticed any publicity about Smart motorways.

“Wise motorways are becoming rolled out across England but our survey shows that drivers want far more reassurance and details on how protected they will be and how to use them,” stated IAM chief executive Simon Very best.

“The IAM has been supportive of hard shoulder running but we have constantly stated that the Highways Agency have to be swift to discover and implement any true planet lessons as more schemes come into use.”

The IAM advises drivers to take note of the overhead gantries on Smart motorways, as they provide data about traffic situations and lane access for the road ahead.

• A red cross without flashing beacons signifies the tough shoulder is to be used for breakdowns and emergencies only, the IAM points out.


• A speed limit inside a red circle indicates it is totally mandatory and there might be cameras in spot to enforce it.


• A red cross with flashing beacons is telling drivers to cease using a given lane, while a blank signal implies usual motorway rules apply.

The IAM says a white arrow with flashing beacons applies to all lanes and indicates drivers must move into the lane that the arrow is pointing to.

And when a national speed limit sign is shown, it signifies the 70mph maximum is applicable to all lanes apart from the difficult shoulder.

Wise motorway fears revealed