ANZ today launched the first MoneyMinded in the Pacific Impact Report, which looks at the impacts of the delivery of its flagship financial literacy program in Fiji, Samoa, Tonga and Vanuatu.
After completing the MoneyMinded program, there was an overall improvement in money management, savings attitudes and savings behaviour for participants across all four countries.
The independent report, prepared by the University of the South Pacific, reveals that most MoneyMinded participants have acquired useful and relevant financial knowledge and skills for the daily management of money; more positive attitudes and behaviours towards managing money; and new skills including setting financial goals, budgeting, saving and investing.
ANZ Regional Executive for the Pacific, Tessa Price, said: “We are committed to improving the financial wellbeing of our people, customers and communities by helping them make the most of their money throughout their lives.
“Improving financial wellbeing means driving a savings culture in the Pacific because we know that with careful budgeting, planning and through the practical life skills that MoneyMinded offers, people, their families and communities can thrive.
“The research confirms that MoneyMinded is making an impact and ANZ will continue to support financial literacy in the Pacific because we believe that investing our efforts in this area is important,” Ms Price said.
While ANZ has released MoneyMinded Impact Reports for individual countries in the past, this is the first report to provide a consolidated view of the impact MoneyMinded has across different countries. It identifies commonalities and differences in financial management across four counties to further tailor the MoneyMinded program to suit local needs.