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Australian Indigenous HealthBulletin
 

Book written by Indigenous financial counsellor helps readers manage their money

Date posted: 22 November 2012

A Kununurra financial counsellor has written a book to help people understand budgeting concepts by using comparisons to animal characteristics.

Cherie McAdam is employed by the Wunan Foundation, an Aboriginal development organisation in the East Kimberley region of Western Australia (WA), to provide financial advice under the National Australia Bank Indigenous money mentors program.

Through her work, Ms McAdam gives people advice on how to adapt their lifestyles to meet their budget. Recognising a need to offer financial advice which was culturally relevant to Aboriginal people, she started using her spare time to work on a book.

'Aboriginal people, we relate to animals and landscape,' she said. 'If I'm talking about bank accounts (I tell people) that if you have got one bank account it's like you've got one waterhole ... if you were to spread that water around it would green up the rest of your life - other areas of your financial world.'

Ms McAdam said the first step to helping people change the way they manage their money was to identify how they can improve their finances.

Her book, Moneybird, outlines the traits of five birds in relation to money management characteristics, then gives the reader advice based on which bird they identify with.

The book is now being distributed through Xlibris Publishing and can be purchased online from Amazon and other retailers. Ms McAdam said she was thrilled the concept resonated with so many people, and plans to continue the series with books about education and gambling.

Source: The Wunan Foundation

Contacts

The Wunan Foundation
Kununurra office
Cnr Coolibah Drive and Messmate Way
PO Box 1338
Kununurra WA 6743
Ph: (08) 9168 3881
Fax: (08) 9169 2397
Email: admin@wunan.org.au

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Last updated: 21 November 2012
 
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