Have you ever asked yourself…
- Why didn’t anyone teach me about saving and investing when I was young?
- Why don’t I understand the financial page of the paper?
- Why is it some people have money and others don’t? What am I missing?
Well if you answered yes to any of the above, you are not alone. Financial literacy is one of the components that has long been missing in our official educational syllabus. The 3 R’s of “reading, ‘riting, and ‘rithmetic” were deemed essentials of mandatory public schooling in the 19th century Industrial Age. These days there’s talk about the fourth R, ‘rithm or Algorithms aka computational skills. But where is financial literacy? All the r’s in the world are useless if these students are broke most of the time due to poor financial management.
To me, this should be mandatory in this day and age. Kids need to be financially savvy in addition to being IT and Technology savvy. While that is something for the policy makers to debate and implement, what are the alternatives out there for inculcating good financial practice among our young ones?
Thankfully our friends at Baiduri are really big on education and financial literacy since young, they have awesome tips for savings especially for students available here. Great stuff! But what would be even more awesome would be FINANCIAL LITERACY programs for kids such as the ones run by Moneytree or Creative Wealth International. Now these would definitely go a very long way to ensuring we will have a new generation of money savvy Bruneians who will know how to manage their finances well!
Bak kata pepatah, “Meluntur buluh biar dari rebungnya.”