Nigel, pictured with his daughter Molly, first heard about the Saver Plus program from Molly’s primary school.
“I originally joined the program for the dollar for dollar matching to help purchase a new computer for Molly” explains Nigel. “The matched savings came in handy, but what I learnt from the program was more valuable in the long-run.”
“The program has taught me that with commitment and consistency we can make saving possible. I put aside $50 each month with my daughter, even though it was difficult at times.” Nigel credits Saver Plus with inspiring his daughter to save. Of particular value to Nigel was the MoneyMinded online modules he completed as part of the program, often alongside Molly.
“My daughter took an interest in the bank statements and we talked about what we would do with the extra funds coming in. We talked about a compound interest managed share fund, and this is now what we are doing with the savings. She could see how much the funds would achieve over many years of compound interest.”
This year, more than 4,000 people in Australia have benefited from Saver Plus, our financial education and matched savings program for lower-income earners. Participants make regular deposits towards a savings goal over a 10-month period and complete MoneyMinded workshops (either face to face or online) to build their financial management skills. At the end of the program participants’ savings are matched dollar for dollar, up to $500 for education costs.
To learn more visit anz.com/saverplus