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 loan A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners t ...

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 Loan, borrowed or otherwise withheld from another party, the creditor. Debt may be owed by a sovereign state or country, local government, company, or an individual. Co ...

fraud In law, fraud is intent (law), intentional deception to deprive a victim of a legal right or to gain from a victim unlawfully or unfairly. Fraud can violate Civil law (common law), civil law (e.g., a fraud victim may sue the fraud perpetrato ...

protection and

identity theft Identity theft, identity piracy or identity infringement occurs when someone uses another's personal identifying information, like their name, identifying number, or credit card number, without their permission, to commit fraud or other crimes. ...

, 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 butto ...

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 an operating system based on a modified version of the Linux kernel and other open-source software, designed primarily for touchscreen-based mobile devices such as smartphones and tablets. Android has historically been developed b ...

and the

Apple iPhone The iPhone is a line of smartphone, smartphones developed and marketed by Apple Inc., Apple that run iOS, the company's own mobile operating system. The iPhone (1st generation), first-generation iPhone was announced by then–Apple CEO and ...

. Moneysmart publishes a monthly e-newsletter called ''Moneysmart Tips'', and has a social media presence on

Facebook Facebook is a social media and social networking service owned by the American technology conglomerate Meta Platforms, Meta. Created in 2004 by Mark Zuckerberg with four other Harvard College students and roommates, Eduardo Saverin, Andre ...

Twitter Twitter, officially known as X since 2023, is an American microblogging and social networking service. It is one of the world's largest social media platforms and one of the most-visited websites. Users can share short text messages, image ...

and

YouTube YouTube is an American social media and online video sharing platform owned by Google. YouTube was founded on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim who were three former employees of PayPal. Headquartered in ...

. Moneysmart is a key tool under the National Financial Capability Strategy 2018, to increase

consumer education Consumer education is the preparation of an individual to be capable of making informed decisions when it comes to purchasing products in a consumer culture. It generally covers various consumer goods and services, prices, what the consumer can ...

and help Australians achieve greater control of their finances.

References

External links

MoneySmart WebsiteMoneyCollect WebsiteMoney Saving Insights
Finance websites Financial services companies of Hong Kong Financial services companies of Australia Online financial services companies of Australia Financial services companies established in 2011 {{Australia-gov-stub

History

Resources

See also

References

External links