This Year’s Australian Open Had A Charitable Element Thanks To ANZ

This Year’s Australian Open Had A Charitable Element Thanks To ANZ

Last month’s Australian Open was yet again another fantastic spectacle of tennis which everyone thoroughly enjoyed. It was fabulous to see the aging Roger Federer continue his renaissance by winning yet another Grand Slam and breaking more records in the process. Whilst most people were gripped by what was happening on the courts of Melbourne Park few people know that ANZ bank committed to donating $10 to charity for every ace that was hit over the course of the tournament.

Funding financial well being programs across Australia

The money ANZ donates will be used to fund financial well being programs throughout Australia. In order to ensure that the money ends up in the hands of those that need it the most, the Australian bank has teamed up with The Smith Family, The Benevolent Society, Berry Street and Brotherhood of St Laurence. Anton Leschen a spokesperson for the Smith Family says the money that was raised will be used to fund programs designed to deliver aid to people all over the country living around the poverty line or below it.

Over a million children living below the poverty line

Mr Leschen says it is estimated that there are 1.1 million children and young people living below the poverty line, so it is critical that financial literacy is improved wherever possible. He adds that the programs help people participating in them to identify where their money is leaking and how to examine their expenditure to ensure that it can be spread further. For example, buying a can of coke every day or that special treat once in a while is a classic example of a money leak. People also fail to understand that it is cheaper to buy their groceries from a big supermarket rather than from a local corner store.

Teaching financial literacy

Mr Leschen says the skills people learn from the programs funded by ANZ could help set them up for the long term. He adds that it is a well-known fact that people under the age of 25 are the least financially literate so the habits they pick up from the program are for life. This means they learn skills that can be used over the course of their entire life, become financially literate all of which adds up to thousands of dollars for people to lead happier lives. ANZ has committed to donating a minimum of $100,000 as part of the Ace the Open program and it looks like it will be money well spent.

"Please note, any prices mentioned in the Charity Gifts blog are correct at the time of posting. Please check the relevant website for the latest pricing information."

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