Mobile phone apps and a range of budget planners and calculators feature on a new Government website that can help people get on top of their finances and plan for their futures.
MoneySmart.gov.au, developed by the Australian Investments and Securities Commission (ASIC), gives people free access to a toolkit of online resources, including budget planners, credit card and mortgage calculators and comprehensive information about superannuation.
Parliamentary Secretary to the Treasurer, David Bradbury, joined Member for La Trobe, Laura Smyth for the local launch of the MoneySmart website at The Basin Community House.
"This website is a fantastic way for people to see how different life events will impact on their finances," said Mr Bradbury.
"There are 26 calculators and tools, including specially-designed mobile phone apps, to help people find the answers to their questions about money.
"The website is free and easy-to-use and can be accessed from home or public libraries and neighbourhood centres.
"Whether you are signing up for your first mobile phone contract, starting a family or saving for retirement, the MoneySmart website offers independent, unbiased guidance."
Ms Smyth said that a better understanding of personal finances can empower people to make better choices.
"The Gillard Government wants people to be better informed about the choices they make so that they can take control of their own finances," she said.
"We think it's important that people take into account all of the risks and benefits before making decisions on their finances.
"It doesn't matter how young or old you are, it is never too late to take a financial health check. Understanding more about your financial health can help you set goals and be more engaged.
"Often the first steps are the hardest to take, but something as simple as working out a household budget with the help of MoneySmart can make a big difference."
Go to www.moneysmart.gov.au to see the full range of calculators and online tools. You can also follow MoneySmart on Facebook and Twitter, and sign up for a free eNewsletter.
29 March 2011