KUALA LUMPUR, 10 October 2024 – The Financial Literacy Month (FLM) returns this year with insightful discussions on promoting financial awareness for every segments of the Malaysian community.
In this year’s FLM, Agensi Kaunseling dan Pengurusan Kredit (AKPK) introduced a four-series publication with the salient objective of improving the current economic landscape through financial empowerment of individuals of all ages. The publication series provide financial guidance specifically designed to suit the four (4) key stages of one’s life beginning from the tertiary education years up until retirement.
Entitled the ‘GROW’ series, the initiative comprises four (4) books, i.e. Gaining Knowledge, Realising Potential, Optimising Resources and Wealth Wisdom. The first series is meant to empower tertiary students with knowledge on personal savings, budget management, net worth and healthy credit score. The second series guides young workers on loan and credit card management, creation of emergency funds and learning how to invest. The third series further guides families on ways to maximise their financial resources to secure a sustainable future through proper protection and investment instruments. Finally, the fourth provides guidance for future retirees on retirement planning, estate management and optimisation of their Employee Provident Fund (EPF) contribution.
The GROW series is a valuable and complete resource in guiding an individual’s financial journey through important stages of their life. With the collective application of the principles and strategies in the GROW series through serious promotion of this resource, it is set to contribute to the overall economic health of society.
Also in conjunction with FLM, AKPK, together with Bank Negara Malaysia and the Employees Provident Fund (EPF) – as part of the Financial Education Network (FEN) – co-organised the National Financial Literacy Symposium 2024 (NFLS 2024) that ran from 2 to 3 October 2024 at Sasana Kijang, Kuala Lumpur. The annual event provides a platform for important discourse in promoting financial literacy and inclusion.
The FLM was officiated by Finance Minister II, Datuk Seri Amir Hamzah Azizan, on Tuesday, 1 October 2024, at Sasana Kijang, Bank Negara Malaysia. The initiative prioritises financial literacy as a core element of its policy agenda under the National Strategy for Financial Literacy 2019-2023.
This strategy aims to develop responsible financial habits, enhance financial planning and build financial resilience among Malaysians.
