Managing Money: Every woman’s business
Managing Money: Every Woman’s Business is a financial education resource that addresses the financial literacy needs of refugee and migrant women. It was developed in direct response to the lack of visual, participatory and learner-centred financial literacy materials available for working with refugee and migrant women. The resource provides information for workers and women in need of financial literacy education.
Refugee and migrant women are among the most economically and socially disadvantaged and isolated in the community. An earlier program run by WHIN to help these women develop small businesses found they were being held back by a lack of basic financial literacy skills.
The resource, and accompanying program, was established as a means to improve the financial literacy of refugee and migrant women by providing information and education relevant to their lives and sensitive to the transitional process involved in settling into Melbourne.
The resource is uniquely placed to enable workers at a grassroots level to work with women to develop basic financial skills. It includes topics on budgeting, savings, accounts, credit, debts and loans; accessing community assistance and financial counselling; information on consumer rights and responsibilities; and housing and tenancy issues. It not only provides culturally and gender-sensitive financial information, but also raises awareness of, and addresses, the barriers that restrict refugee and migrant women’s financial inclusion and security.
WHIN has held several Train the Trainer sessions for ‘Managing Money’ and shared the resource with other community organisations. So far, more than 400 migrant women have participated in workshops based on the ‘Managing Money’ content.