Recent surveys seem to indicate that we, Singaporeans, however well educated as a general population, still needs work to be financially literate. If we happen to be the most well educated country per capita and our financial literacy needs work then it sort of proof, if you are academically smart, you may not be financially literate.
The common pill to this problem is: MORE EDUCATION.
I definitely think education is important, but more of how it is carried out. The planners can be a bit innovative in this area.
Targeting young kids and making them well aware of how money works and effective use of it when they are young is good. However, that is carried out at a time where they have the least amount of money.
Without practice, people are likely to forget about it.
Perhaps a national budgeting campaign can be carried out. I kind of ......