Westpac rolls out more savings workshop

Business, Normal

The National, Tuesday November 5th, 2013

 WESTPAC continues to roll out free financial literacy workshops to schools and organisations to educate people on how to better manage their finances and save towards future goals.

Financial workshops were introduced across Westpac Pacific in 2007 and in PNG in 2010. 

Over the past three years, the bank had delivered free workshops to more than 20,000 people in PNG alone. 

In a recent workshop for Tokarara High School students, deputy principal administration Tranny Tarube said this programme was valuable in giving students an idea of how they could manage their finances later. 

“I appreciate and acknowledge Westpac for taking this initiative and time to visit the school and educate the students. 

“Our students have really enjoyed the session and I’m sure the workshop has enriched their theory of what is expected in their future. 

“This workshop in itself is an eye opener for them especially to do with budget planning and budgeting, cash flows, spending and good saving habits.” 

Facilitator of the programme and team leader of “everywhere banking” Raphael Waiyalaka said Westpac’s personal financial literacy workshops – money basics and financial first steps- related to personal finances, empowering participants to take effective action to avoid finding themselves in financial distress in the future and to save towards their goals.  

Meanshile Westpac employees helped students to open their low-cost “choice basic accounts”. 

The “choice basic account” is an easy-to-use, no monthly-fee Westpac account that encouraged the habit of saving.