Description

Join the conversation as Grace Mugabe, CPA, an award-winning financial literacy educator, money coach, and accountant, shares her work with Financially Empowered to dismantle the financial knowledge gap as well as support CALD women in business, and discusses the importance of genuine inclusion in financial services (and our communities).

About Grace

Grace Mugabe (CPA GAICD) is an award-winning Financial Literacy Educator, Money Coach and Accountant with a dash of personality and sass

Her organisation, Financially Empowered, specialises in dismantling the financial knowledge gap, particularly impacting marginalised women. Through interactive, transformative workshops, programs and tools, she equips women in business to build financial confidence, boost their earning potential and secure their future.

In 2015, Grace pivoted from her finance role in an industry-leading multinational corporation to redirect her expertise to financial literacy education. Since then, she developed the award-winning Migrant Money Matters program and partnered with local governments, schools, community organisations, and the private sector to deliver impactful financial education programs.

A passionate advocate for community impact, Grace leverages her financial expertise to by serving on various boards, and works with CaLD women in business.

Takeaways

• There is a lack of research and measurement regarding the financial inequality experienced by migrant and CALD women.
• Financial education and services need to take into account different lived experiences and needs to meet people where they are at.
• Diversity and inclusion in boardrooms are important for bringing different perspectives and improving problem-solving.
• Accounting skills can be valuable in financial decision-making and strategic thinking.
• Advocacy, mentorship, and allyship are important for creating opportunities for marginalised communities.
• The Migrant Money Matters program provides culturally sensitive financial education and support to CALD women.
• Financial empowerment is a lifelong learning process that requires patience and persistence.
• Tailoring financial programs to meet the specific needs of migrants is crucial.
• Creating inclusive and culturally safe environments is important for CALD women to feel comfortable engaging with financial concepts.
• Understanding the multiple social identities that shape a person's experiences with money is essential for financial educators.
• Celebrating small achievements along the journey to financial security is important.
• The perception of migrants as an economic burden or lacking communication skills needs to be challenged.
• Educating oneself about scams and celebrating cultural diversity are also important.

Keywords

financial inequality, migrant women, CALD women, financial education, diversity and inclusion, boardrooms, advocacy, mentorship, allyship, Migrant Money Matters program, financial empowerment, inclusive financial experiences, social identities, cultural diversity

Disclaimer

It's Not About The Money provides factual information only and is not intended to be financial advice, legal advice or tax advice, and should not be relied upon as such. The information is general in nature and may omit detail that could be significant to your particular circumstances. The information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. While all care has been taken to ensure the information is correct at the time of publishing, legislation can change from time to time and we are not liable for any loss arising from reliance on this information, including reliance on information that is no longer current.  We recommend that you seek appropriate professional advice before making any financial decisions.