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Financial literacy skills vital


Kamalanathan (third from right) launching the programme while (from left) Prudence Foundation executive director Marc Fancy, Education Ministry Co-curricular and Arts Division principal assistant director Roslina Mohd Roslin, Bank Negara Malaysia assistant governor Abu Hassan Alshari Yahaya, Kanak and Prudential Assurance Malaysia Bhd CEO Gan Leong Hin look on.

Kamalanathan (third from right) launching the programme while (from left) Prudence Foundation executive director Marc Fancy, Education Ministry Co-curricular and Arts Division principal assistant director Roslina Mohd Roslin, Bank Negara Malaysia assistant governor Abu Hassan Alshari Yahaya, Kanak and Prudential Assurance Malaysia Bhd CEO Gan Leong Hin look on.

THERE is more to learn in schools besides languages, sciences, mathematics and art.

Financial literacy is also an important skill that should be taught to primary school pupils.

Knowing how vital it is for young children to learn how to handle their money, Prudence Foundation, together with Junior Achievement (JA) Asia Pacific and Generasi Gemilang Foundation, launched the JA Cha-Ching Curriculum programme.

During the programme’s 2018 launch, Prudence Foundation chairman Donald Kanak said: “Providing children with a solid foundation and a good understanding of basic money management early on will significantly contribute to their ability to lead a sustainable lifestyle, and contribute towards their country’s long-term development.”

He adds that there are four main concepts taught through the programme’s modules - Earn, Save, Spend and Donate - also known as the money cycle.

Also present at the event was Deputy Education Minister Datuk P Kamalanathan.

Kamalanathan says the programme is helping Malaysian pupils become mote financially-savvy and responsible.

He adds that the ministry recognises the need to inculcate financial literacy from a young age.

“This will instil a high level of discipline and increase their financial management skills.” He says that financial skills does not encompass saving money but also properly managing it such as when it comes to spending money.

Kanak also thanked the teachers who voluntarily participated in the programme.

“You (teachers) are helping to build a generation with responsible financial behaviour, people who can navigate their financial future,” he says.

The Cha-Ching Curriculum is a structured programme that consists of six 45-minute modular sessions for Years One to Six pupils.

Each session is taught through interactive, fun hands-on learning that allows pupils to put into practice the lessons they learn within the classroom.

The programme was piloted in 10 schools in 2016 before expanding to 157 primary schools in Kuala Lumpur, Putrajaya, Perak, Penang and Selangor.

The programme will expand to primary schools in Sarawak this year.

Kamalanathan adds that he hopes the programme will reach 30,000 pupils in 200 schools by the end of this year.

Education , kamalanathan , saving , pupils , prudential

   

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