Breaking the poverty cycle with financial literacy

20231122 131904

A strong sense of well-being and stability is derived from learning how to earn, spend, save, and invest wisely – however, not everyone successfully manages money, making financial literacy the key to changing this dynamic. Learning to manage money when you’re young translates to greater stability as an adult. Recognising this, Bank Pembangunan Malaysia Berhad and PINTAR Foundation curated a financial literacy programme for youths to close the knowledge gap among kids in Malaysia.

photo1705032740 6
Students at Taman Maluri learn the important concepts around money management at PINTAR-BPMB’s Financial Literacy Programme

60 selected students in Form 4 at Taman Maluri, Kuala Lumpur were the beneficiaries of this programme – learning the basics to be financially empowered, instilling a habit of spending wisely, and basic entrepreneurship skills that will help them cultivate creativity and innovation to source money in multiple avenues.

photo1705031837 3 2
A group of students present their ideas on ways to save, spend, and make profit for their business concept

The interactive sessions were split in two: the first session touching on dreams and goals, along with budget and saving plus several exercises for students to have a deeper understanding of these concepts. The second session had students learning how they could monetise their talents and interests, potentially leading to starting their socially conscious project using the Do-Good Make Profit model.

Of course, when it comes to finances, nothing comes without risks and the PINTAR facilitators touched on the importance of keeping themselves safe online, considering the worrying fact that Malaysians have lost RM302 million to scams between 2021 to 2023 on social media platforms.

Participants of this session then selected their groups and got a head start to the final portion of their module – preparing a concrete business plan, and roughly two months to implement their ideas to their target audience.

Share this post

Related Posts

The CGC100 Youth Entrepreneurship Programme (Fast Track) is a 6-month intensive programme, specifically designed for aspiring entrepreneurs in Malaysia. Organised by PINTAR Foundation, sponsored by..

SERAMAI 910 pelajar SK Bandar Utama Damansara (4) telah menyertai program kitar semula Trash Right baru-baru ini. ..

Phase 2 of the PINTAR-Maharani School Programme (MSP) continued over the last quarter of 2023, seeing a total of 200 students in Form 3 from..