Be a superhero and save for your kids

BMS SSPN 2021 aims to foster saving practices among parents and children.

ONE important lesson that can be taken from the unprecedented pandemic that swept the world to leave devastation in its wake, is the need and importance of financial planning.

National Higher Education Fund Corporation (PTPTN) chief executive Ahmad Dasuki Abdul Majid says: “Good financial planning is vital to build up savings for emergency use. We have all heard the expression that money is not everything, but in the world today, money is an important resource for the continuation of daily life.”

One important thing people need to pay attention to is having savings or liquidity on hand during difficult times.

He quotes Warren Buffet: “Don’t save the balance after spending, but spend according to the balance you have after saving.”

Ahmad emphasises the need for financial planning, particularly in these times.

Without proper financial planning, even the wealthy can find their income reduced. Conversely, someone who implements sound financial planning will be able to build up their wealth in future.

Therefore, it is important to inculcate the habit of saving and financial planning among Malaysians.

Children are the stewards of tomorrow’s future.Children are the stewards of tomorrow’s future.

Also, making sound financial decisions now will enable families to ensure a brighter future for their children, with higher education being taken care of.

This is important, as education costs have risen over the years. Proper financial planning is needed to ensure you have enough for your children to continue their education uninterrupted. As today’s children are the stewards of tomorrow’s society, top priority should be given to their education to create the citizens of tomorrow.

In recognition of World Savings Day on Oct 31, PTPTN has been organising the Simpan SSPN Savings Month, or Bulan Menabung Simpan SSPN 2021 (BMS 2021) in October every year, starting in 2018.

This signature programme presents the Simpan SSPN product as the community’s main choice to make savings while enjoying the privileges provided. In addition, such programmes serve to convey information and provide exposure on financial planning as well as foster saving practices among parents and children.

BMS 2021 will be held from Oct 1-31 virtually and complies with new norm SOPs.

This year features a new theme – the Galaxy, which represents unlimited dreams, with the tagline Jom Jadi Superhero Anak Anda. This invites parents to be heroes for their children in the context of savings so that their children can successfully continue their education without financial problems.

This year, BMS 2021 will be enlivened with various interesting programmes and competition as well as online live appearances by well-known artistes and influencers as well as invited panellists who will discuss topics related to financial planning and savings.

Ahmad emphasises on the need for financial planning, particularly in these times.Ahmad emphasises on the need for financial planning, particularly in these times.

Ahmad says: “This is our second year holding the Bulan Menabung Simpan SSPN (BMS) event online. This programme has been well received by the public. Through this, we aim to empower people to start saving – this is the ultimate purpose of organising BMS.”

To add further boost to BMS 2021, the PTPTN Prihatin programme – the Simpan SSPN Tour – is part of PTPTN’s corporate social responsibility (CSR) programme, through which PTPTN zakat contributions have been collected amounting to over RM500,000, in collaboration with the state zakat centre and government agencies.

More than 5,000 recipients from the hardcore poor communities will receive cash contributions in the form of Simpan SSPN Prime accounts.

With the intention to empower Malaysians with savings products, PTPTN has upgraded its product offering more benefits to depositors. Simpan SSPN Plus still maintains a savings package as low as RM1 a day that every household can afford, but it now offers more attractive takaful protection benefits with a wider range of Takaful companies to choose from. There are six shariah-compliant package options for all Malaysians, starting from an affordable RM30 monthly.

In conjunction with the launch of the new Simpan SSPN Plus, PTPTN is holding the Cabutan WOW! Simpan SSPN Plus 2021 draw. Attractive and lucrative prizes with a total prize pool worth almost RM320,000 await all depositors from Sept 1 to Dec 31.

The main prize is a gold bar worth RM150,000 in the spirit of financial planning and investment.

Ahmad says: “Now everything, including opening a Simpan SSPN account, can conveniently be done online. There is no excuse to not open an account, as it is so accessible – you do not need to physically go to the counter.

He adds, “Take this opportunity to set a good example for your children and instil the habit of savings before spending in them – be their superhero.”

Become your child’s superhero by saving through Visit PTPTN’s Facebook page PTPTNOfficial to find out more.

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