Becoming financially literate

October 9, 2015 by Jenna Chaitowitz
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Jewish Care’s Financial Services Team, led by Doron Abramovici has launched its early intervention Financial Literacy Project, specific to Victorian Jewish Secondary School students.

Year 10 Business students at Leibler Yavneh College took part in the Financial Literacy Project run by Jewish Care’s Team Leader, Financial Services  Doron Abramovici, and Advanced Financial Planner, Lawrence Shamrakov and Certified Financial Planner, Reuben Zelwer from Adapt Wealth Management.

Year 10 Business students at Leibler Yavneh College took part in the Financial Literacy Project run by Jewish Care’s Team Leader, Financial Services Doron Abramovici, and Advanced Financial Planner, Lawrence Shamrakov and Certified Financial Planner, Reuben Zelwer from Adapt Wealth Management.

The project was piloted to business students at Leibler Yavneh College during Term 2, with the objective of building money management skills and empowering youth with financial knowledge and awareness that they will need as they reach adulthood.

The course ran over five weeks and was divided into six modules: Goal-Setting, Income and Budgeting, Banking and Credit Cards, Life Events; and Investing and Financial Services in the Jewish community. The modules were chosen to provide students with an understanding of money management and practical skills to use later in life.

This Financial Literacy Project builds on Jewish Care’s extensive offering of Financial Services including Jump Start Interest Free Loans, Personalised Financial Counselling and a matched savings incentive program, ‘Saver Plus’.

Doron Abramovici believes that “financial empowerment is about providing our community with the knowledge, and more importantly the confidence to be accountable for their own financial decisions, as well as consequences of these decisions.”

The course was presented by members of Jewish Care’s Financial Services team and Financial Planners from Adapt Wealth Management.

Bialik College will be the next school planning to offer Jewish Care’s Financial Literacy program in 2016.

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