KUALA LUMPUR – MFPC will kick start its annual flagship ‘My Money & Me’ programme this year on 27 March 2021. My Money & Me is an awareness programmes on financial planning education that the Council has conducted since 2008 with the primary objective of elevating financial planning literacy among Malaysians.
All the sessions will be featured on an exclusive platform via live webinar format allowing participants to ask questions to the speakers directly. Also, upon registration participants can gain access to the previous session of My Money & Mevia a self-paced learning mode.
The 4-hour programme includes speakers from Bank Negara Malaysia (BNM), Agensi Kaunseling & Pengurusan Kredit (AKPK), Federation of Investment Managers Malaysia (FIMM), the Securities Commission Malaysia (SC), Inland Revenue Board of Malaysia (IRB) and MFPC. Participants could also stand a chance to win Grabfood vouchers by attending the sessions.
Malaysians are seeing increments within the costs of most commodities that businesses and society depend on in these last few years. The current Covid-19 situation has also perturbed businesses and consumers’ confidence. There has been increased anxiety over the alarming and rising corporate and household debt in Malaysia.
In the report 2020 International Survey of Adult Financial Literacy by Organisation for Economic Co-operation and Development (OECD), it highlighted that Malaysia may need to target knowledge to ensure that their populations understand the principles and become more active money managers, and help individuals fully understand the decisions they are making.
Connecting the bridge of financial literacy to Malaysians is certainly not an easy task and needs collective effort from all stakeholders. The Council is convinced that such efforts should be continuous and consistent for it to be fruitful and they strongly believe that its collaborative engagements with partners of the Financial Education Network (FEN) will bring about one key goal of individuals being able to enjoy better financial and emotional well-being, by being able to manage, save, spend and invest their money.
Vincent Kwo, the President of the Council is positive that this could help improve Malaysians’ knowledge about making financial decisions and improve their financial literacy. The Council’s first session this year is to be held during the Global Money Week which will be organized by OECD with the theme of “Take care of yourself, take care of your money”.
The campaign aims to inculcate the importance of ensuring that young people, from an early age, are financially aware, and are gradually acquiring the knowledge, skills, attitudes and behaviours necessary to make sound financial decisions and ultimately achieve financial well-being and financial resilience which is similar to the objectives of the Council’s My Money & Me programme.