00:02Martin Arfat has always found it difficult to make his money last the fortnight.
00:07I used to be silly with my money. I didn't understand nothing.
00:10Thanks to Hoops for Wealth, he now has cash to spare.
00:13The financial literacy program delivered for mob by mob.
00:17It taught me a lot of things. How to budget, how to buy my food, pay my rent.
00:21I never used to do that before.
00:23Last year, more than 100 people completed the course in Darwin and Alice Springs.
00:28Almost all receiving financial support, with three in five participants on government income management plans.
00:35A lot of our mob are living in poverty, you know, below that line there.
00:41So having this information is a useful tool to connect and relate.
00:45That's really important to create a safe place where you're not judged.
00:49First Nations people in the Northern Territory remain some of the most financially disadvantaged in the country,
00:55with the most recent census data revealing Aboriginal and Torres Strait Islanders in the NT make less than a third
01:01of the national median.
01:02With this in mind, the Federal Government is hoping the program will help low-income Territorians strike a balance,
01:09promising $2 million to help extend the initiative.
01:13It really fills a really important gap. I think what's important is that it's voluntary, it's responsive,
01:21and it helps people to manage their own money rather than managing it for them.
01:27Everything that I know, didn't know, I know now, you know.
01:31So I can probably in the future, I can pass it on.
01:33Passing on a wealth of knowledge.
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