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In an effort to arm young Australians with essential financial skills, Madd has partnered with Brisbane State High School offering a series of financial literacy workshops exclusively for their Year 12 students. This initiative reflects a significant step towards empowering students with the knowledge they need to navigate the complexities of financial decisions in their adult lives.
FINANCIAL LITERACY INITIATIVE
George’s passion for financial education stems from extensive experience in conducting property-buying workshops for adults. After recognising the deep impact that early financial education could have on young minds, he was motivated to tailor a program that could introduce high school students to essential financial concepts for the real world. The main goal is to prepare young individuals for a future where they can make informed financial decisions and embrace independence with confidence.
The financial literacy workshops at Brisbane State High are designed to cover a broad range of topics crucial for understanding personal finance management. Approximately 650 students are expected to benefit from this series, across four detailed sessions.
WORKSHOP OVERVIEW
Employment and Income Basics: Students learn about different employment types, such as PAYG and self-employment and the essentials of understanding and managing their income.
Understanding Taxes: The workshop reveals why taxes are necessary, how they are calculated and the impact they have on income.
Homeownership Fundamentals: From understanding loans, lenders mortgage insurance (LMI), loan-to-value ratios (LVR), to the roles of guarantors and the differences between fixed and variable rates, students gain a comprehensive insight into what it takes to buy a home.
Saving for the Future:Strategies for saving for a house deposit are discussed, along with the importance of superannuation and the benefits of salary sacrificing.
Building Wealth through Property: The workshop explores how owning property can contribute to long-term financial freedom and wealth accumulation.
Each session is carefully timed to fit within the school schedule, maximizing accessibility for all students.
George passionately believes in the power of financial education to level the playing field for young Australians. By introducing these skills early, the disparity in financial well-being observed in adulthood can be significantly reduced. This initiative not only aims to educate but also to inspire other schools and communities to adopt similar programs, spreading the knowledge and tools for financial success across the nation.
If you’re inspired by the impact of our financial literacy workshops and would like to see similar initiatives at your school, we encourage you to get in touch. At Madd, we are eager to expand our reach and help more students gain the financial knowledge they need for a successful future. Contact us to discuss how we can tailor our workshops to fit your school’s needs and empower your students with essential financial skills. Together, we can make a significant difference in the financial literacy of young Australians.