More than a quarter of a million people have logged on to the Government's new MoneySmart financial literacy website since it was launched in March, said Parliamentary Secretary to the Treasurer, David Bradbury.
Developed by the Australian Securities and Investments Commissions (ASIC), MoneySmart.gov.au has proven to be a popular tool for Australians looking for free, unbiased information about finances.
"In just over two months, more than a quarter of a million people have spent a collective 28,000 hours accessing the free tools on the MoneySmart website," said Mr Bradbury.
"The most popular parts of MoneySmart have been the budgeting tool, the retirement planner and superannuation calculator.
"MoneySmart is easy to use and provides Australians with plain-English information on a range of life events that can impact on household finances.
"Whether you are buying your first mobile phone, saving for a house or preparing for retirement, MoneySmart has information and resources to help you.
"With the 26 calculators and online tools, MoneySmart can help you work out how to pay off your credit card sooner or whether you are better off paying more off your mortgage or making extra contributions to superannuation.
"The website can also help you to understand the risks and returns when investing, and provides information about seeking professional financial advice."
The MoneySmart website is the first part of the National Financial Literacy Strategy, which aims to boost the financial literacy skills of all Australians.
"The Gillard Government wants people to be able to make better-informed choices so they can take control of their finances," said Mr Bradbury.
"Often small, simple steps, like making a household budget, can make a big difference – but these first steps can also be the hardest.
"I would encourage all Australians to visit MoneySmart.gov.au and take advantage of the fantastic wealth of information and online tools to help you take control of your finances."
25 May 2011