Youth Money Guide

There are a lot of things you don’t learn in school, and algebra isn’t always that helpful in real-life scenarios! A big part of becoming independent involves dealing with some large money firsts. Our Getting Started finance tutorial topics cover the big first-time instances and purchases we navigate through on the road to independence, as well as offering some tips to help you stay in financial control.

Our financial literacy courses offer useful personal financial advice targeted directly at young people

Each of the Money101 Youth Money Guide modules listed below takes about 10 to 15 minutes to complete. Our team of educators, designers and technology experts work together to ensure the content is engaging, accessible and fun!

Buying your first car

Having your own car can bring a new sense of freedom, but it also comes with a lot of financial responsibility. There are one-off and ongoing costs involved on top of the car itself. This module outlines some of the things to consider when buying your first car, including the things to know before you buy, whether getting a personal loan may be right for you, how much you can really afford, the ongoing costs of owning a car, and considerations in finding a car that suits you.

Buying your first home

Buying your first home is one of the biggest decisions you’ll ever make. It pays to be prepared for what’s involved and not get caught out by any unexpected costs. This module outlines things to consider when buying your first property, such as the importance of saving a good deposit, borrowing costs, the concessions available, the different types of home loans, and what a mortgage broker does.

Gap year

Taking a gap year is a trend that’s becoming increasingly common around the world. If you’ve recently finished school or university but you’re not quite ready for the next step, you may consider taking one yourself. This module helps you work through what you’ll do during the gap year – and how to make the most of it! It covers the types of paths available when choosing a gap year, how to support yourself during a gap year, some saving tips to get your funding started, and the possible consequences of borrowing money to fund your gap year.

Leaving home

Moving out of the home lets you experience independence and freedom, but it comes with financial responsibilities. With a little planning, you can make the process much easier for yourself. This module gives you a broad understanding of what you should consider before moving out, including the benefits and pitfalls of shared accommodation vs. renting on your own, how moving out could affect your lifestyle, the costs involved in moving out of home, and some tips for staying on budget.

Managing bills

If you’ve just moved out of home, getting a handle on bills such as electricity, phone and water can be challenging if you’ve never had to budget for them before. This module shares tips on managing your bills so that you can plan and even save some money on your bills. It also covers topics like how to track your spending, what the penalties are for late payments, ways to make bill paying easier, how to get a better deal on your insurance cover, why you should keep an emergency fund, and the difference between wants and needs in budgeting.

Managing your credit card

Credit cards are generally easy to get and easy to use. With careful management, credit cards are a fantastic convenience – but make no mistake, there can be pitfalls to using one. This module explains the basics of managing your credit card wisely, how credit cards work, what not to do with credit cards, and how to make your credit card work for you rather than against you.

Shared accommodation

If you’re moving out of home for the first time, you’re probably moving into a share house. Share houses are a good way to save money on rent, make new friends, and take that first step out into the world of independence. This module looks at the basics of moving into shared accommodation, where to look for it, the questions to ask, shared agreements (knowing your rights), sharing bills and how to keep things running smoothly in a shared household.

Suddenly single

When you find yourself unexpectedly on your own, there’s a lot to sort out. It’s not just the big things, like splitting up your property – there’s day-to-day stuff like paying bills, staying organised, and planning for your future. This module gives you some guidance towards getting your finances sorted while you get through your breakup. It covers splitting up your debts and assets, dealing with tricky shared finance situations, getting independent professional help, and setting yourself up for financial success.

Super – it’s your money

Retirement probably feels like it’s a really long way away. But super is your money, and the sooner you take an interest and understand how it works; the greater the potential benefits come retirement. This module explains the basics of super and why you should take control right now. It covers what super is and why you should care, how to read your super statement, how your life stage can affect your choices, how to search for lost super and the importance of consolidation, as well as tips to help boost your super.

Work overseas

Lots of young Aussies dream of living and working overseas, and every year, thousands make it a reality. If you’re thinking of making the move, there’s a few things you’ll need to consider beforehand. This module walks you through the basics, such as what to budget for before you go, how expenses can vary dramatically between countries, and how to check up on your financial rights and responsibilities overseas.

Expand your personal finance knowledge with our youth-focused advice – get started with the Youth Money Guide today

At Money101, we’re passionate about equipping Australians with the knowledge and confidence to make smart financial decisions in their teens, twenties, and throughout their lives into retirement. And the younger you can absorb this information, the better.

With over 20 years’ experience crafting customised content for banks, super funds, corporates, financial advisers and countless other organisations, Money101 is the perfect companion to help you achieve financial wellbeing in Australia.

Learn about our other financial literacy training courses, or browse our Money101 module catalogue for a detailed breakdown of the categories we cover. You can also learn more about how our financial education modules work, and how they’re delivered in a way that is convenient, reliable and affordable.

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