Banking Information » Financial literacy
Financial literacy is the cornerstone of a healthy and vibrant economy and is strongly supported by the New Zealand banking sector. It helps people make informed choices to improve their financial well-being.
The New Zealand Bankers' Association is committed to raising awareness of financial information that broadens the understanding of good money management.
National Strategy for Financial Literacy
NZBA Chief Executive Kirk Hope is a member of the National Strategy for Financial Literacy Advisory Group. The strategy sets the direction for improving financial literacy in New Zealand.
Unravelling Financial Jargon
Here's a useful guide to understanding financial jargon. Unravelling Financial Jargon offers plain language alternatives to explain the specialist language of the financial sector.
Unravelling Financial Jargon is published by plain English specialists Write Limited. Unravelling Financial Jargon is a free e-book, full of plain language alternatives for financial words and expressions.
Download Unravelling Financial Jargon.
Financial literacy tools
NZBA aims to provide easy and free access to both financial information and money management tools. This list directs you to member websites that contain such information:
- ANZ – MoneyMinded
- ASB - Track My Spending
- BNZ - Managing Your Money
- Kiwibank - Manage your finances using Heaps
- Westpac - Managing your money.
Financial literacy programmes
NZBA members are also involved in a range of activities promoting financial literacy. They undertake community workshops either directly or working alongside other organisations. Examples include:
- ASB's GetWise financial literacy programme for New Zealand primary and intermediate schools and What Next presentation for school leavers
- BNZ's Business Partnerships
- The Citi Foundation
- Westpac's Fin-Ed Centre partnership with Massey University.
Sponsorship and support
Members also contribute to financial education and literacy through a range of initiatives in conjunction with other organisations. Some examples include:
- NZBA sponsorship of the Retirement Commissioner's 'Financial Literacy for Schools' pilot programme - a personal financial education framework for schools
- ASB's support of Young Enterprise Trust primary and secondary school programmes
- BNZ's sponsorship of the Retirement Commission/ Age Concern 'Elder Financial abuse resource and toolkit'.
Are you ready for retirement?
The Retirement Commissioner has been talking to a whole range of Kiwis about their thoughts on retirement and what they’re doing to get ready or not. See what they have to say here. More stories can be viewed here.
For more on retirement planning check out Sorted.