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A study has found that thousands of Australians have improved their
money management in the past year with the aid of MoneyMinded, an adult
financial education programme developed by the Australian and New
Zealand Banking Group and other businesses.
Research by the RMIT University in Melbourne showed that from October 2005 to September 2006 a total of 15,279 people participated in the MoneyMinded programme, and of these 93 per cent claimed to have made positive changes in the way they run their finances.
Brian Hartzer, the ANZ Group’s personal banking managing director, said: ‘Although MoneyMinded was originally designed for people on low incomes, the research confirms the programme has a unique versatility and a great reach. This has enabled it to help more than 15,000 Australians with extremely diverse backgrounds, including students, middle-income families, professionals and people recovering from drug and alcohol problems.’
Some participants used the guidance to change their bank accounts to those with higher interest and lower fees, and others gained the confidence to question unexpected fees and charges or unusually high bills.
Research by the RMIT University in Melbourne showed that from October 2005 to September 2006 a total of 15,279 people participated in the MoneyMinded programme, and of these 93 per cent claimed to have made positive changes in the way they run their finances.
Brian Hartzer, the ANZ Group’s personal banking managing director, said: ‘Although MoneyMinded was originally designed for people on low incomes, the research confirms the programme has a unique versatility and a great reach. This has enabled it to help more than 15,000 Australians with extremely diverse backgrounds, including students, middle-income families, professionals and people recovering from drug and alcohol problems.’
Some participants used the guidance to change their bank accounts to those with higher interest and lower fees, and others gained the confidence to question unexpected fees and charges or unusually high bills.
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