Malaysian ed-tech platform OpenAcademy has introduced a free financial literacy series titled “Duit Yourself”, designed to help young Malaysians build practical skills to manage their money more confidently. The programme aims to make financial knowledge more relatable and easier to apply in everyday life, especially at a time when financial resilience among Malaysians remains uneven.

A Digital Programme Covering Everyday Money Skills

“Duit Yourself” features 11 self-paced lessons available through the OpenAcademy platform. The content covers essential topics such as understanding payslips, EPF and Socso contributions, budgeting, debt management, saving, investing and long-term financing.

At the launch event in Sasana Kijang, OpenAcademy co-founder and managing director Celine Ting explained that although financial information is more accessible than ever through podcasts, articles and social media, many Malaysians still struggle to act on what they learn. 

This challenge is evident in nationwide data. RinggitPlus’ Malaysian Financial Literacy Survey 2025 reports that 55% of Malaysians spend exactly or more than what they earn each month, while 54% feel anxious, frustrated or embarrassed about their financial situation. Many also lack sufficient financial buffers, with 39% saying they can only survive three months or less if they were to lose their primary income.

Ting said the “Duit Yourself” series focuses on closing the gap between knowing and doing, offering practical steps that students and working adults can apply immediately.

Developed With National Partners

The programme was developed in partnership with Bank Negara Malaysia’s Financial Education Network, and supported by contributions from the Malaysian Financial Planning Council and the Financial Planning Association of Malaysia. This collaboration ensures the series complements national efforts to improve financial capability across different age groups.

Why Financial Literacy Efforts Matter Right Now

Statistics from the RMFLS 2025 show that many Malaysians are still at the early stages of financial planning. The survey found that 36% of adults have not started planning for retirement, and among those who have not, 40% say they do not know where to begin. Knowledge gaps also persist in other areas, including credit health, as 47% of Malaysians do not understand what a credit score means despite its importance in accessing credit products.

Investment readiness remains limited, with half of Malaysian adults yet to start investing. Rising living costs continue to affect day-to-day finances, and the survey highlights that a significant proportion of Malaysians are living paycheck to paycheck, particularly younger and middle-income households.

These findings mirror Ting’s concerns about the need for financial education that leads to meaningful behavioural change.

Expert Guidance On Building Better Habits

Experts who spoke at the launch highlighted the importance of setting goals and cultivating a positive financial mindset. Kevin Neoh, head of financial planning at VKA Wealth Management, said that evaluating different aspects of life can help individuals identify areas for improvement and translate them into financial goals. He noted that goal setting can help create structure and discipline, which is often necessary for better long-term habits.

Daniela Strîmbei, executive director of the SOLS Foundation, emphasised that mindset is a critical factor in achieving financial stability. She explained that individuals who believe solutions exist are more likely to take proactive steps, and this mindset can be especially important for underprivileged communities. 

Their views are supported by RMFLS 2025, which found that 95% of Malaysians have taken at least one positive action to improve their finances, such as cutting back on discretionary spending or tracking expenses more closely.

Navigating Financial Information Responsibly

With financial content now widely shared online, the speakers also raised concerns about the quality and accuracy of advice offered on social platforms. The RMFLS 2025 notes that social media is not only the most used but also the most trusted source of financial information for Malaysians. 

While this shows how influential these platforms have become, it also highlights the risk of misinformation.

VKA Islamic Wealth Management CEO and MFPC fellow Anuar Shuib stressed that individuals who provide financial advice should have the relevant licences or approvals to ensure the public receives accurate information.

A Step Forward In Financial Education

“Duit Yourself” provides an accessible starting point for Malaysians who want to strengthen their financial foundations. By combining practical lessons with local context and expert insights, the series aims to help Malaysians build consistent habits that improve their financial well-being. As the RMFLS 2025 shows, many Malaysians want to take control of their finances but may not know where or how to begin. This programme seeks to close that gap with content that is structured, relatable and actionable.

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