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Home News News & Events Good response to money management workshops for children
Good response to money management workshops for children
BEING financially responsible is not an easy task to carry even by adults, as evident from the current financial turmoil in the West.

So imagine how big a responsibility it is for young children who are mere takers, never the makers or earners when it comes to money

As the Malay proverb says: "To bend a bamboo, start when it's still a shoot" and it is with this in mind that the training arm of the Securities Commission (SC) has been organising educational workshops on money management for kids.

Responses have been good, said Securities Industry Development Corp (SIDC) general manager Sarimah Ramthandin, with 11,000 children between the ages of 10 and 11 attending the various workshops under the Kids and Cash Programme, held nationwide since April last year.
"Our programme's module is on par with the British, American and Canadian standards and has been endorsed by the Education Ministry," she said, when met at one of the workshops held in Kuala Lumpur recently.

Sarimah said the programme is unique as it not only centred on money management, but is combined with skills such as technical, interpersonal, leadership, planning and management, and innovation.

"The children are taught how to set smart goals, create money plan and what exactly are human's needs and wants when it comes to spending money," she said.

SIDC has a capital market fund, which comes under the SC's investors education blueprint for 2008 to 2012.

The goal of the fund is to create knowledgable and vigilant investors in the capital market by widening financial literacy to several target groups, which include primary and secondary school children, housewives, people in rural areas, blue-collar workers and university students.

The good thing about these programmes, said Sarimah, is that they are free.

She said about 20,000 secondary school students have attended the teens and cash programme workshops, and this year, SIDC has plans to train teachers to teach simple financial education in classes.

She added that schools which are interested to invite SIDC to conduct money management workshops at the respective schools are more than welcome to contact SIDC and make their requests.

"This is a national agenda for SIDC and a corporate responsibilty for SC," said Sarimah.

By Roziana Hamsavi
Business Times (Published on 05-01-2009)

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