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Indigenous Financial Literacy Program

  Click here to read 'The My Moola' flyer.

My Moola History

My Moola: opening financial pathways is an adult financial literacy program for members of Indigenous communities. It incorporates personal development and money management skills as well as financial literacy.

My Moola was developed in 2007 through a partnership between First Nations Foundation and ANZ under a shared commitment to improving the financial inclusion of Indigenous Australians. It was piloted in the Goulbourn Valley region of Victoria with a valuable contribution from the Indigenous community.

First Nations Foundation acknowledges that some of the material contained in the My Moola financial literacy component has been drawn from ANZ’s MoneyMinded resource and MoneyBusiness – an Indigenous financial literacy resource developed by ANZ in partnership with FaHCSIA.

The Program

Participants attend a two hour workshop each week over 10 weeks. Workshops are run by Indigenous facilitators and include: vision; challenges; tools; managing; future; family; yarning; technology & credit; loans; and what’s next.

The 10 module program takes a holistic view to financial empowerment with several key objectives for participants including:

• Increase participants skills in personal development related to goal setting and overcoming barriers to success
• Provide participants with an understanding of the impacts of financial decisions related to: expectations, needs, and aspirations;
• Increase participants awareness and knowledge of costs, risks, and benefits of financial products and services
• Provide families with tools to develop a shared vision around culture, education and economic well-being
• Provide on-going support through individual mentoring of participants

The David Wirrpanda Foundation Role.

First Nations Foundation has provided the David Wirrpanda Foundation with the opportunity to deliver the ‘My Moola’ program within their Dare to Dream girls program and P242 program. DWF currently has three facilitators trained to deliver ‘My Moola’ and looks towards the future to being able to deliver in the community.