Moneysmart is a project of the Australian Securities & Investments Commission (ASIC) that comprises a website, publications and education programs. It provides information, online tools and access to print publications. to help people make financial decisions, presented as "simple guidance you can trust".
History The Moneysmart website was officially launched on 15 March 2011,'Moneysmart launch ' ( 15 March 2011) Moneysmart as part of the Australian Government's National Financial Literacy Strategy 2008–2010.Australian National Financial Literacy Strategy (March 2011) National Financial Literacy Strategy
In July 2008, the Australian Government transferred the functions of the Financial Literacy Foundation to ASIC, including managing and maintaining the Understanding Money'Treasurer announces ASIC to take on Financial Literacy ' (13 May 2008) Treasury Ministers Portal website. Moneysmart replaced two consumer websites that were previously maintained by ASIC: Understanding MoneyUnderstanding Money first launched in 2006, and FIDO.FIDO FIDO was launched by ASIC in 2000 and stood for "Financial Information Delivered Online".
The Moneysmart website was redesigned and relaunched on Wednesday 5 February 2020.
Resources The Moneysmart website covers a range of financial topics, including banking and budgeting, mortgage loans, credit and debt, fraud protection and identity theft, investing and planning, super and retirement insurance, and resources for teachers. It also may refer users to financial advisors for unique situations, and has around 25 tools and calculators that people can use to help them understand the issues they face and make better financial decisions. As well as the online calculators, there are mobile calculator applications for the Android OS and the Apple iPhone.
Moneysmart publishes a monthly e-newsletter called Moneysmart Tips,Moneysmart eNewsletter Moneysmart and has a social media presence on Facebook, Twitter and YouTube. Moneysmart is a key tool under the National Financial Capability Strategy 2018, to increase consumer education and help Australians achieve greater control of their finances.
See also CBS MoneyWatch
References
External links MoneySmart Website MoneyCollect Website Money Saving Insights