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Women's Financial Capabilities Project

The Women’s Financial Capabilities Project (WFCP) is a three-year pilot project by WIRE in partnership with Good Shepherd Australia New Zealand, supported by the Victorian Government.

This innovative project aims to improve the financial capabilities and economic security of women across Victoria, with a particular focus on First Nations women, women from migrant, refugee, and asylum-seeker backgrounds and women with disability. In the program, we identify the intersecting barriers faced women in achieving financial security and economic empowerment, and work to find best practice ways to address these on an individual, community and structural level.

The WFCP includes a five-part project plan as a result of the research, co-design and practice to date. It’s a holistic project plan that addresses key barriers to women’s financial capability including:

  • access to information;
  • appropriate services and programs;
  • gaps in pathways, referrals and services; and
  • culturally appropriate, accessible content and program delivery.

Some of the project outcomes include:

Money Management Programs web resource

The Money Management Programs web resource was launched in May 2021. It’s a centralised web resource for finding free, relevant and timely programs and events to help you make the most of your money and learn how to make better financial decisions. The web resource is designed to create greater access and ease of referrals to available financial education programs. The format and symbol was co-designed with both professionals and lived experience advocates.

Featured on ASIC’s MoneySmart website, you or your clients can use Money Management Programs to:

  • find current and upcoming money management programs near your area;
  • browse by topics, delivery style and/or specialist areas, including financial abuse, bilingual educators and accessibility; and
  • join face-to-face or online learning options.

Professional Development Suite

In the WFCP, we recognised that workers in financial capability, financial services, community service and referral areas have an unmet need for specialist knowledge and cultural competencies to improve outcomes for women. By training workers in key cultural competencies and the core challenges women experience, we can provide better financial capability to all women in our community accessing those services– from referral pathways to program participation.

As part of the WFCP in 2020-21, we provided free training based on the identified needs of cross-sector workers. To date, there have been five offerings of the award-winning Purse Project: Recognising Financial Abuse, as well as a booked-out delivery in August.

We also designed new training to address the desire for more learning on intersectionality and barriers to economic security for women. Intersectional Economics: An introduction to why gender and Intersectionality matter for women’s economic security provides an understanding of intersectional, feminist approaches to financial capability and economic security. The program also identifies the systemic barriers that impact the financial wellbeing of women. You can download the training resource list here

Intersectional Guide to Financial Capability Education

The Intersectional Guide to Financial Capability Education (The Guide) will be a free and practical online resource for program providers looking to apply an intersectional approach when designing, adapting and delivering financial capability education.

The Guide will define:

  • intersectionality and why it’s an important thinking tool;
  • principles to guide an intersectional approach; and
  • practice examples in the context of financial capability programs.

The Guide will be launching online with a special panel on Wednesday 25 August, 11am – 12.15pm. It will then be available for free download here and on GSANZ’s website.

Indigenous Women’s Financial Wellness series and web resources

First Nations Foundation, our partner in the WFCP, is developing an innovative set of resources – including video interviews, an email series, a social media campaign and web resources – for and by Aboriginal and Torres Strait Islander women. These will be launched on their website Tomorrow Money in late August 2021.

Stay tuned for more details on these project outcomes – join our mailing list to receive the latest updates or follow us on Facebook. 

 The project is in partnership with Good Shepherd Australia and New Zealand, First Nations Foundation, Brotherhood of St Laurence and Women with Disabilities Victoria, and is funded by the Office for Women, the Victorian Government .

If you have any queries please email project manager, Catherine Connolly at cconnolly@wire.org.au.

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