Building the average New Zealander's financial literacy and skill is the aim of a new Retirement Commission education programme.
Called Sorted, the programme includes a website, which is being launched tomorrow, although it is already live.
The website offers calculators and other interactive tools so users can enter their own details tofind answers to money questions.
A money personality profile is available on the website, so people can see their money management strengths and weaknesses.
Visitors to the website can also:
* Calculate their net worth and set goals.
* Use a savings calculator and "goal machine" to build a savings plan and understand the power of compound interest.
* Find independent information on what a mortgage or other loan is costing in interest - and how to better manage debt.
* Develop a financial plan for retirement.
The commission's public education manager Liz Read said Sorted marked a shift in focus from financial planning for retirement to helping people gain financial skills for life. But retirement planning promotion was not being abandoned.
Research showed a clear link between financial education early in life and financial wellbeing in retirement. The commission will also offer a publication from November called Sorted Offline.
