Hon Robyn McSweeney BA JP MLC

Hon Robyn McSweeney BA JP MLC

Former Minister for Child Protection; Community Services; Seniors and Volunteering; Women's Interests; Youth

    Financial tips help young people manage money

    24/01/2013 12:00 AM
     
    • ‘My Money My Life’ publication offers financial tips for young people 

    Young West Australians would benefit from tips on financial independence from the ‘My Money My Life’ publication.

     

    ‘My Money My Life’ is an updated, reprinted publication produced in partnership between the City of Joondalup and the Department for Communities.

     

    The guide provides practical advice on matters such as buying your first car; dealing with the costs of moving out; mobile phone contracts; and credit cards.

     

    Youth Minister Robyn McSweeney said it was important that young people grasped the importance of managing their finances successfully right from the start of adulthood.

     

    “We now live in a world where there is a strong sense that electronic transactions have almost replaced the need to deal with ‘real’ money,” Mrs McSweeney said.

     

    “This means that it’s increasingly hard for young people to manage complex financial transactions and contracts, even for everyday items such as mobile phones.

     

    “‘My Money My Life’ provides information on how to be realistic with your financial expectations and commitments.  It offers practical advice on things such as how to manage a budget, live within your means and choose the right bank account.

     

    “These are all skills which, if developed over time, should last a lifetime.”

     

             Fact File

    • A youth framework was developed by the Liberal National Government called Our Youth, Our Future to support and improve the lives of WA’s young people by developing a whole-of-government guide for youth programs and services
    • ‘My Money My Life’ to be available at many National Youth Week events April 5-14
    • ‘My Money My Life’ has been produced for eight years by the City of Joondalup which will distribute it to local high schools in term one 2013
    • The updated version will be available primarily as an e-publication at http://www.communities.wa.gov.au  and the Youth WA Facebook webpage

     Minister’s office - 6552 6500

    mymoneymylife.jpg

    Youth Minister Robyn McSweeney (centre) with Donna Hamilton, Big Brothers Big Sisters, YMCA Perth (left) and  Stuart Reid, Director Policy and Planning, Children Youth and Families, Department for Communities (right) at a workshop on Mentoring works - What does the evidence say?