Moneysmart is a project of the
Australian Securities & Investments Commission (ASIC) that comprises a website, publications and education programs. It provides information, online tools and access to print publications. to help people make financial decisions, presented as "simple guidance you can trust".
History
The Moneysmart website was officially launched on 15 March 2011, as part of the Australian Government's National Financial Literacy Strategy 2008-2010.
In July 2008, the Australian Government transferred the functions of the Financial Literacy Foundation to ASIC, including managing and maintaining the Understanding Money website. Moneysmart replaced two consumer websites that were previously maintained by ASIC: Understanding Money first launched in 2006, and FIDO. FIDO was launched by ASIC in 2000 and stood for "Financial Information Delivered Online".
The Moneysmart website was redesigned and relaunched on Wednesday 5 February 2020.
Resources
The Moneysmart website covers a range of financial topics, including banking and budgeting, mortgage loans,
credit
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), ...
and
debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The ...
,
fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compens ...
protection and
identity theft
Identity theft occurs when someone uses another person's personal identifying information, like their name, identifying number, or credit card number, without their permission, to commit fraud or other crimes. The term ''identity theft'' was co ...
, investing and planning,
super
Super may refer to:
Computing
* SUPER (computer program), or Simplified Universal Player Encoder & Renderer, a video converter / player
* Super (computer science), a keyword in object-oriented programming languages
* Super key (keyboard butt ...
and retirement insurance, and resources for teachers. It also may refer users to financial advisors for unique situations, and has around 25 tools and calculators that people can use to help them understand the issues they face and make better financial decisions. As well as the online calculators, there are mobile calculator applications for the
Android OS
Android is a mobile operating system based on a modified version of the Linux kernel and other open-source software, designed primarily for touchscreen mobile devices such as smartphones and tablets. Android is developed by a consortium of deve ...
and the
Apple iPhone.
Moneysmart publishes a monthly e-newsletter called ''Moneysmart Tips'', and has a social media presence on
Facebook
Facebook is an online social media and social networking service owned by American company Meta Platforms. Founded in 2004 by Mark Zuckerberg with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin M ...
,
Twitter
Twitter is an online social media and social networking service owned and operated by American company Twitter, Inc., on which users post and interact with 280-character-long messages known as "tweets". Registered users can post, like, and ...
and
YouTube
YouTube is a global online video platform, online video sharing and social media, social media platform headquartered in San Bruno, California. It was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim. It is owned by ...
. Moneysmart is a key tool under the National Financial Capability Strategy 2018,
to increase consumer education and help Australians achieve greater control of their finances.
References
External links
MoneySmart WebsiteFinancial Capability SiteHow To Stop Spending MoneyAustralian Securities & Investments Commission
Online financial services companies of Australia
Finance websites
Financial services companies of Australia
Financial services companies of Hong Kong
Financial services companies established in 2011
{{Australia-gov-stub