Financial website launched for adults with literacy difficulties

A new website is being launched today to help adults with literacy difficulties manage their money.

The site, www.makingcents.ie, contains short videos explaining financial terms and giving answers to commonly-asked questions about money.

The launch coincides with International Literacy Day, which is focusing this year on financial education.

Inez Bailey, National Adult Literacy Agency director, said: "For some time we have identified the area of financial services and money management as an area of difficulty for thousands of people.

"However, with the support of EBS, we are able to deal with this issue in a more comprehensive way as part of joint financial literacy programme. Making Cents aims to simplify financial jargon and to help people to make sense of the variety of financial products and services that are available to them."

MakingCents hosts 32 videos covering important areas including banking, savings, loans, tax, debt, insurance and knowing your rights.

The website also has some useful tools such as a jargon buster which will provide people with a simple explanation for a word they don’t understand; an easy to use budget planner tool and a “what’s new?” section for current information and explanations based on what’s happening in the market at that time.