Lady Lunchalot — who has an awesome foodblog, and who is also participating in the Blogathon right now — submitted a story about the woeful state of Australian personal finance.

One in seven Australians are banking on winning the lottery to deliver them financial security.

A new poll, released to coincide with a campaign to boost Australians’ financial literacy, has also found 8 per cent of people think the best place to put their savings is in a jam jar under the bed.

The Federal Government today will launch its campaign that is aimed at making Australians more aware of the importance of knowing how to manage their money.

Personal finance education is an issue everywhere, not just the U.S.

[Financial plan: win lottery, stash under bedDon't try this at home.]

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