Results are in: “Firmer Foundations” increases women’s money skill and confidence

6 April 2017

On 5 April 2017, Good Shepherd Australia New Zealand and Lirata Consulting received Financial Literacy Australia’s “Research and Evaluation Award” for the financial capability coaching program “Firmer Foundations”.

The evaluation of this unique program for women showed that 90 per cent of participants gained new skills, 76 per cent reported increased confidence in managing money and 80 per cent reported increased confidence to take action. A substantial number of participants had cleared or were better managing their debts, and many had implemented savings strategies. One client had saved $20,000 towards a house deposit following the program.

“These results really affirm the approach we take,” said Sandy Milne, National Manager Financial Security, Good Shepherd Australia New Zealand.

“Firmer Foundations works with women to increase financial knowledge and skill—and to plan for goals they may not have thought possible. Our coaches take a ‘family-violence informed’ approach, which enables a sensitive response to women who experience economic abuse and family violence.”

The program includes workshops for knowledge building; group work to build confidence and peer support; and financial capability coaching to support women to draw on their knowledge, experience and strengths to achieve their financial goals.

“At the moment people are experiencing significant financial pressure,” added Ms Milne. “We see this in rising housing stress and homelessness and more presentations to utilities hardship programs.

“Without a doubt, increasing women’s money skill and confidence benefits whole families and can support children to thrive. It also minimises vulnerability to financial abuse and scammers.”

Click here to read Quietly Changing Lives: Summary Report of the Firmer Foundations Evaluation

For more information or interview opportunities, please contact
Ethnè Pfeiffer, Communications Manager
03 8412 7342
Ethne.Pfeiffer@goodshep.org.au