Our government has been supporting money related concepts to be taught in schools.
Central Provident Fund (CPF) organised a session where students from Guangyang Secondary School attended a game-show assembly and played interactive board games that taught financial literacy concepts.
All Year 1 polytechnic and Institute of Technical Education (ITE) students will be taught financial literacy from year 2020. They include budgeting, goal-setting and financial basics such as the effect of compound interest on debt and saving
But really, is school's financial literacy programs going to help you teach your child on money?
Schools is responsible for teaching money?
Quick story: I did an elective on "communications" during my BAcc days and my module presentation topic was actually on "Schools should teach on managing money!".
I was convinced schools FAILED IN TEACHING THE SUBJECT OF MONEY WELL.
It could have been influence from Robert Kiyosaki's Rich Dad Poor Dad book.
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