AS PART of its goal to raise awareness on the benefits of better financial management, BIBD’s Wealth Management Unit (WMU) yesterday held a financial planning talk to around 130 students and staff from Awang Semaun Secondary School (SMAS) and the Kemuda Institute in Sg Kebun and Beribi respectively.
According to a press release, the talk was delivered by BIBD’s own WMU Officer and Islamic Financial Planner, Rozielawati binti Haji Jamil. One of the motives of these talks was to create awareness among the public on the advantages of current and future wealth management.
The students were introduced to the basics of financial management through proper financial planning, such as to start saving from an early age and not to wait until they start their employment. She also explained the importance of financial planning in order to achieve their life goals and objectives, as well as to prepare for any uncertainties.
She also shared a few tips on how to start planning their finances, especially on how they can actually save more when they are able to differentiate between their needs and wants. She explained to the students that having a mobile phone is considered a necessity, but having or purchasing an extra mobile phone is a want, especially when the previous one is still working.
A special briefing on BIBD’s Educational Financing was also presented by BIBD’s Product Management Officer, Audrey Koh, specifically to the participants from the Kemuda Institute.
The BIBD Educational Financing allows interested parties to pursue their dreams of continuing their education with a special financing package of up to $200,000 with a maximum financing period of up to five years for local, and ten years for overseas institutions. The financing package includes a wide range of coverage, which includes annual air return ticket, registration fees, tuition fees, and accommodation. Also present at the Kemuda talk was its Managing Director, Pengiran Haji Masri bin Pengiran Haji Othman.
BIBD will continue to educate and impart the importance of saving to students at an early stage to make them more responsible as individuals. Educational institutions interested to learn more about BIBD’s financial literacy and planning talks may contact the BIBD Contact Centre at 2238181 or e-mail them directly at firstname.lastname@example.org.