Financial Literacy to Understand Money aims to empower senior school students, young adults and new Australians by teaching them essential financial skills and helping them to understand how money works. It is a comprehensive guide to basic financial matters for young adults.
It covers the six key areas you need to understand to make better informed financial decisions: managing your money, borrowing, taxes, insurance, investments and protecting your money.
For example, the following areas are covered: compounding and budgeting; banking accounts; loans such as credit cards; Australian Government, State Government and Local Council taxes; insurance policies; valuations of basic assets to invest in to grow wealth and being careful with your money.
It highlights what questions need to be asked when making financial decisions and its key focus is on financial calculations with worked examples. Difficult concepts are explained simply. Like superannuation with contributions, tax and accumulation, student loans with indexation and repaying student loans.
With his expertise in finance and ability to use simple language, Roy Shackley likes to give back to the community through educating.
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