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New look toolkit puts women's financial future in the palm of their hands

Last published on 09 Sep 2020 in News and Media Releases

Women across NSW will be able to access a comprehensive online financial resource thanks to the launch of the Women’s Financial Wellbeing Toolkit.

Women across NSW will be able to access a comprehensive online financial resource thanks to the launch of the Women’s Financial Wellbeing Toolkit.

Minister for Women Bronnie Taylor said the resource draws on a range of tools designed to help women improve their financial literacy.

“We are living in incredibly challenging times, with many women facing economic uncertainty and insecurity,” Mrs Taylor said.

“Knowledge is power and I want to make sure all women across NSW have the resources to improve their financial wellbeing, whatever their personal circumstances.”

Developed by Women NSW and the Minister for Women’s Council for Women’s Economic Opportunity (CWEO), the Toolkit links women to trustworthy information about taking control of day-to-day expenses, setting up and managing a small own business and dealing with unexpected emergencies, as well as advice on shaping their financial future.

“The Women’s Financial Wellbeing Toolkit is designed to be something of a one-stop shop which can be used by women from all walks of life,” Mrs Taylor said.

Taleen Shamlian, CWEO member and Managing Director of Advisory Street, said it is vital that women have access to credible information to protect their financial security.

“We hope women will find the Toolkit really useful and share it with their friends because we all wish to be economically empowered,” said Ms. Shamlian.

For single working mum Suzanne*, raising two children with minimal child support has meant financial pressure building over the course of a decade. She accessed the Toolkit on the recommendation of a friend, and it really helped to take the pressure off.

“I was so relieved to find so much information about money in one place. I could easily find out how to get help with my money issues,” she said.

The Toolkit helped connect Suzanne with a free financial counsellor.

“They advocated for me and I was able to have several debts waived due to financial hardship. I also worked out a new budget that is helping me pay other debts,” she said.

For more information about the Women’s Financial Wellbeing Toolkit visit: https://www.women.nsw.gov.au/resources/womens-financial-toolkit.

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