Moving from Ka-Ching! to Beep! With the rise of e-wallets like Grab Pay, DBS PayLah! and convenient modes of payment like SGQR code in most parts of Singapore, the Cashless Movement is impending. In 2017 Visa Consumer Payment Attitudes survey, 61% of Singaporeans believed that Singapore would go entirely cashless within 7 years. That will be 4 years from now! Are our children prepared? A study by Credit Bureau Singapore reported that borrowers from the age of 21-29 were more than twice likely to default on personal loans compared to those who are at least 40 years old. As credit cards become the “default” mode of payment, millennials are finding it harder to keep track of their spending. As they have already become adults, parents find it hard to help these young adults control their spending. Raising financial awareness Our children were not taught...