Building resilient regional and remote Queensland communities.

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Ca$hED Up trial delivers in Collinsville

One of the QCoal Foundation’s current priorities is the trial of our financial literacy and capacity program, Ca$hED Up.  Born out of the Foundation’s partnership with Financial Basics Foundation (FBF), the trial involves rural, remote and regional schools implementing the five-lesson course with all Year 7 students, typically through a Life Skills or Pathways program.

While a number of Queensland schools are currently implementing or planning to implement the trial this year, Collinsville State High School was the first to complete the program with their Year 7 cohort.

Delivered through a Life Skills class to 23 participants with an average age of 12, the initial results are very rewarding.

After completing the course, 74% of participating students felt more confident and informed when making financial decisions and an impressive 70% had conversations or sought advice about money or financial issues.

QCoal Foundation Director Christopher Wallin said the QCoal Foundation was very excited about the results and commended the Collinsville State High School for taking the initiative and implementing the trial.

“We are really pleased to see that just five lessons are starting to change attitudes with a third of students opening a bank account; creating a budget or starting to save for something specific.”

“This program aligns with our social venture model of identifying a need and working with local community representatives to understand that need and trialling a creative solution.

“It’s early days but we are very encouraged by the initial findings,” Mr Wallin said.

Results from the trial will be used to determine the effectiveness of the program; its ability to be replicated state-wide and to shape future program content.

In addition to the Year 7 lessons, a program is being developed for Years 8, 9 and 10. A further trial of those materials is planned for 2019 so please contact us if you know of schools that might be interested in participating.