Financial education gets a boost
Porirua tertiary students are to receive a helping hand to manage their money thanks to a partnership between Visa and Whitireia Polytechnic.
The partnership will see Visa fund a pilot programme of up to 15 tutors from Whitireia to attend an advanced course that will develop the content and skills they need to deliver financial education. The course aims to improve the financial planning and management advice delivered to students.
The idea for the programme stems from a joint research project between the Commission for Financial Literacy and Retire- ment Income and Visa that looked at ways to increase the quality of formal financial education.
Retirement Commissioner Diana Crossan says the pilot programme is the first of its kind in New Zealand and if successful she hopes it can be replicated by other tertiary education providers.
‘‘ We know that the earlier young people become financially literate the better it is for their financial wellbeing throughout life. For many people tertiary study offers them their first taste of financial independence.
‘‘ They face decisions about student loans, flatting and part time jobs and it’s vital that they have the knowledge to make good financial decisions that will set them up for their adult life.
‘‘We need to make sure that those who are teaching financial literacy have the skill and knowledge required to give their students the tools they need.’’
Whitireia New Zealand chief executive Don Campbell says they hope the programme will be far reaching, improving not just the financial literacy of students but also their families, helping them make good choices about their spending now and in the future.