About
Money Bites
How are you meant to know how to manage money when it isn’t consistently taught in schools?
We know from the PISA data that, on average, only half of young people will have had access to financial literacy at school. However, the majority of 18 to 24 year olds will be managing an income and financial commitments. That includes consuming financial products and services, taking on student loans, entering contracts and paying rent and utility bills for the first time.
Money and finances are one of the biggest issues young people face.
Financial instability and cost of living is still one of biggest concerns for young Australians aged 18 to 25. It makes sense to support them with the knowledge and skills to help tackle this issue, given it’s knowledge and skills that many young people did not have access to learn at school.
We jumped in to help focus on the problem with the support of a community grant.
Money Bites was founded in 2019 in Canberra with the support of a YWCA Canberra Great Ydeas grant. Our work began by creating content from the voice of a young person to explore money conversations and make this content more accessible. Our goal was to make talking about money as normal as talking to your friends about life over a meal. You can read more content from us in our blog.
Read moreWe want financial education to be consistent, relevant and available to everyone.
After being approached to run a workshop on finances for young people, we decided to focus on financial education. Access to financial education is not consistent or equal across Australia, and we want to ensure more students leave their studies and enter the workforce equipped with financial education and an understanding of the financial system they’ll be navigating.
Our workshops aim to make financial education more visible so it becomes more accessible than a parent or postcode lottery.
We expanded our focus by producing financial education workshops in 2022, with the support of the Snow Foundation. The workshops focus on supporting more young people to feel confident managing money, motivated to achieve their financial goals and to know where to seek help when required.
Learn moreOur
Purpose
Money Bites empowers young people on their path to financial wellbeing through providing relevant and bite-sized financial education while advocating for a system which is fairer, more inclusive and more accessible for young people.
We focus on supporting young people to:
re-introduced to financial concepts that are relevant to young people who are studying and entering the workforce.
financial future in Australia by advocating for the economic interests of young people.
Financial education
Partnerships
We believe that education institutions and employers have a role to play in supporting more young people to develop their financial wellbeing.
That’s why we partner with education providers and workplaces to provide workshops to young people to support their financial wellbeing over time.
We understand financial wellbeing is an ecosystem and welcome partnership discussions.
Our
People
Our lead facilitator, founder and CEO, Kate, is a financial wellbeing expert thanks to two research degrees on the topic and extensive experience working across different programs.
Money Bites in the
News
Money Bites wins Youth Coalition of the ACT 2024 YOGIES award
With rates rising, it's time to start paying attention to your savings account
Have money on the mind? This Canberra start-up is trying to make it more manageable
Have money on the mind? This Canberra start-up is trying to make it more manageable
Disclaimer
The information on this website is for general information only. It should not be taken as constituting professional advice from the website owner – Money Bites. Money Bites is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances. Money Bites is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.
