Financial management needs to be taught at an early age, so children can learn to manage their finances wisely, said Brunei Malay Teachers Association (PGGMB) President Haji Yussof bin Haji Mohamad during the launch of the PGGMB Schools Savings Project 2021, themed ‘Saving for the Future’, at the PGGMB Sungai Akar School.
“By exposing them to the importance of saving, children will become more responsible when it comes to spending. And if they save diligently, they will even learn to be more frugal and not overspend in adulthood,” said the president.
He added that teaching children to save allow them to grow accustomed to managing personal finance and valuing money while cultivating high self-discipline.
A total of 303 students received money banks to kick start their savings project.
The project is targetted for the next five years and their savings counted each year, with the biggest saver receiving gift and donations from PGGMB.
The project will be expanded to other PGGMB school branches in the future.
Centre for Children with Special Needs President Dato Paduka Haji Zainal bin Haji Momin, executive members of PGGMB, PGGMB school principals, teachers, students, as well as parents and guardians were present at the launch.