FINANCIAL LITERACY FUND

When our donors Sharon & Richard were travelling with their children they took the opportunity to teach them about money. They used the Banqer platform to keep primary aged Harry & Sienna engaged with their learning. It soon became the highlight of the school day for both children and parents. Harry and Sienna learnt about all things money and even purchased their first homes (on Banqer of course). Fast forward a few years, Sharon & Richard look back on the financial grounding their children had and the influence it has on how they make money decisions today. 

Financial literacy is an essential skill for all individuals to make informed decisions about money and understand how to manage it effectively. This is particularly important for tamariki and rangatahi. The money lessons they learn when young, both good and bad, will likely stick with them through adulthood.

A survey conducted by the Commission for Financial Capability found that only 30% of young people aged 15-24 had a good understanding of basic financial concepts. Additionally, the same survey found that only 40% of young people in New Zealand were saving regularly, which suggests that many young people may not have the financial literacy skills necessary to make informed saving decisions.

Compounding these issues is the intergenerational impact of financial illiteracy. Research conducted by the New Zealand Federation of Family Budgeting Services, revealed that one in four children in New Zealand live in poverty. And one in five New Zealand children live in households that struggle to put food on the table. The study also found that low-income families have less access to financial education which can perpetuate the cycle of poverty and financial insecurity.

We all want the best for our children but why stop at that? Why can’t we provide all people in South Canterbury with the very best access to financial education. What if increasing our community’s overall financial literacy could result in dramatic positive effects like a reduction in crime, violence and social issues.  Our donors believe it can, and they are looking for others to help in this mission to make a better South Canterbury for all. 

How do I help grow this fund?

Do you believe all children in South Canterbury should have the same access to financial education? Supporting this fund will help our schools and service providers deliver leading financial education where it is needed most.  Your gift will be added to the existing endowment fund to provide ongoing financial literacy support across our region.

You can make an immediate one off or regular monthly donation below. All donations are eligible for a 33% tax credit.

If you would prefer to make a bank transfer or leave a bequest in your will, please contact us now.

Stories / Resources

Financial Literacy Fund Flyer
PDF

Can I get a grant?

The South Canterbury Financial Literacy Fund has not yet started to make grants. It is currently focusing on growing the size of the fund to make a meaningful difference in the future. When the fund is ready to make annual distributions the Aoraki Foundation will notify interested parties by email. If you would like to register your interest for future funding please provide your details below. Please note - this fund will not make grants to individuals. Instead it will support organisations that are providing financial literacy education and support.