Understanding money is path to wellbeing
Managing your own finances wisely is a life skill that is becoming ever more important for survival and wellbeing in the modern world, and yet many people don’t know how to make money work for them and often pay a high price for that lack of understanding.
Cambridge philanthropists John and Nicola Kenel see this knowledge gap as a serious issue for the wellbeing of individuals, families, communities and the nation. Treasury recommended in 2010 that financial literacy be added to the school curriculum, but with no sign of that actually happening, they decided to get on with actively supporting financial literacy training in the community.
So in mid-2022 they made a significant founding donation to establish the Waikato Financial Literacy Fund at Momentum Waikato. It offers grants for well-run local financial literacy programs for kids and teenagers, and providing access to relevant online tools and apps, such as ‘SquareOne’.
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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58.9% Yes, supporting people is important!
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26.1% No, individuals should take responsibility
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15% ... It is complicated
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