“A key consideration of the project was to include financial literacy delivered with Pacific culture front and centre,” she says.
Graduates from the project’s Future Ready: Money Confidence course connect with the Fonofale Wellbeing Model, a Pacific framework for understanding wellbeing, and are able to set financial goals, understand the concept of compound interest, keep a spending diary, harness the power of saving, identify the real cost of debt, write a family budget and understand the role of culture and values in finance.
Upskills was involved in in collaborating with other providers to complete the pilot phase with its client Van den Brink Poultry. Once it was completed, improvements were made before it was rolled out more widely with multiple providers and workplace organisations.
Tafa says Upskills’ point of difference when it comes to delivering the programme is embedding the Fonofale Wellbeing Model.
“Making a connection with our Pasifika learners through a Pasifika lens ensures connectivity and relevance of the delivered content. This has impacted positively on our target audience as they appreciate that their culture is embraced and not ignored. Acknowledgement of their cultural norms and how to work it into the budget has proved successful with the majority becoming more confident when it comes to spending their money.”
Participants often make changes to how they conduct their personal finances very early on in the course and the positive impact can be seen very quickly.
“The changes made might be considered small to start off with, however these small changes are quite impactful as it can be the difference between understanding needs and wants and using any excess for savings instead of treats,” says Tafa.
“Other benefits include increased confidence that in turn sees them thrive in the workplace.”
An important focus of the programme is providing a safe space where there is no judgement, so learners can gain the confidence to make wise decisions about their spending.
Planning ahead for anticipated fa’alavelaves (events such as weddings, funerals, birthdays, and unveilings that often require large sums of money) is discussed in detail and the learners are empowered to come up with realistic solutions that work for them and their families.
“The families of these learners are seeing the benefits of keeping costs down and being realistic with what they have,” says Tafa.