HSBC Bank has launched the HSBC FUN-nancial Guide in collaboration with non-profit organisation Teach For Malaysia (TFM). Aimed at teaching children the fundamentals of personal finance in an easy and interactive manner, the guide is one of the initiatives introduced during the Financial Literacy Month 2020 (FLM 2020).
Intended for youths between the age of 8 to 15, the FUN-nancial Guide is made up of five interactive modules to help them learn about saving, budgeting, and spending – among other financial topics. The first module – titled “Dollah Discovers Spending, Needs & Wants” – has been made available to the public for free, combining the use of storytelling and task completion to educate its target audience.
According to the chief executive officer of HSBC Malaysia, Stuart Milne, financial literacy is crucial in making financially responsible decisions, and the FUN-nancial Guide is meant to provide Malaysians with the tools needed to take charge of their financial life from young. “Our partnership with TFM in introducing the FUN-nancial Guide reflects our commitment to build a sustainable future for the communities we serve, by helping individuals to become more financially savvy,” he said.
HSBC’s FUN-nancial Guide was launched during a virtual panel discussion titled “Raising Young Money Managers: Finance For Children”. The session sought to discuss topics such as nurturing strong values in children in support of Malaysia’s five-year financial literacy roadmap, the National Strategy for Financial Literacy 2019-2023. Meanwhile, FLM 2020 was launched by the Financial Education Network (FEN) to provide a variety of financial literacy initiatives and programmes for Malaysians throughout October.