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Smart money kit: an innovative learning tool for kids

Smart Money Kit: Bright Kids Smart Money is an initiative to raise awareness among public, especially parents and educators on prudent money management among young children. This awareness is resulting of Central Bank of Malaysia's strategy to raise financial literacy in the country among Malay...

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Main Authors: Sabri, Mohamad Fazli, Moga Dass, Thinagaran, Ramli, Nurhayatul Nira
Format: Article
Published: International Journal Corner 2018
Online Access:http://psasir.upm.edu.my/id/eprint/73908/
http://www.internationaljournalcorner.com/index.php/theijhss/article/view/131821
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spelling my.upm.eprints.739082022-11-23T04:11:32Z http://psasir.upm.edu.my/id/eprint/73908/ Smart money kit: an innovative learning tool for kids Sabri, Mohamad Fazli Moga Dass, Thinagaran Ramli, Nurhayatul Nira Smart Money Kit: Bright Kids Smart Money is an initiative to raise awareness among public, especially parents and educators on prudent money management among young children. This awareness is resulting of Central Bank of Malaysia's strategy to raise financial literacy in the country among Malaysians. It is a financial education tool targeting mainly young children ages from 6 to 12 years with the objective of educating them on the importance of money and money management in their lives. This financial education kit comes with 10 interactive activities arranged according to children’s ages from the age of 6 to 12 years old. It comprises six basic units covering financial management education i.e. getting to know money, financial goals, needs vs. wants, saving, expenditure and budgeting. This kit has been in the market for the past three years and the researchers conducted an online survey among the parents, teaches, caretakers of the users to measure the impact of Smart Money Kit on their children. A total of 40 respondents have been participated in this online survey and the descriptive analysis has been performed to decode the data. The results shows that, majority of the parents, teachers and caretakers agree that Smart Money Kit has moulded their children becoming financially prudent and 90% of them seen huge difference in their children after being exposed to Smart Money Kit. Hence this kit has been proved to be an effective tool to educate children on financial management and skills, and financial literacy besides able to develop a better financial behaviour and attitude among the children. International Journal Corner 2018-08 Article PeerReviewed Sabri, Mohamad Fazli and Moga Dass, Thinagaran and Ramli, Nurhayatul Nira (2018) Smart money kit: an innovative learning tool for kids. The International Journal of Humanities and Social Sciences, 6 (8). 30 - 36. ISSN 2321 - 9203 http://www.internationaljournalcorner.com/index.php/theijhss/article/view/131821
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description Smart Money Kit: Bright Kids Smart Money is an initiative to raise awareness among public, especially parents and educators on prudent money management among young children. This awareness is resulting of Central Bank of Malaysia's strategy to raise financial literacy in the country among Malaysians. It is a financial education tool targeting mainly young children ages from 6 to 12 years with the objective of educating them on the importance of money and money management in their lives. This financial education kit comes with 10 interactive activities arranged according to children’s ages from the age of 6 to 12 years old. It comprises six basic units covering financial management education i.e. getting to know money, financial goals, needs vs. wants, saving, expenditure and budgeting. This kit has been in the market for the past three years and the researchers conducted an online survey among the parents, teaches, caretakers of the users to measure the impact of Smart Money Kit on their children. A total of 40 respondents have been participated in this online survey and the descriptive analysis has been performed to decode the data. The results shows that, majority of the parents, teachers and caretakers agree that Smart Money Kit has moulded their children becoming financially prudent and 90% of them seen huge difference in their children after being exposed to Smart Money Kit. Hence this kit has been proved to be an effective tool to educate children on financial management and skills, and financial literacy besides able to develop a better financial behaviour and attitude among the children.
format Article
author Sabri, Mohamad Fazli
Moga Dass, Thinagaran
Ramli, Nurhayatul Nira
spellingShingle Sabri, Mohamad Fazli
Moga Dass, Thinagaran
Ramli, Nurhayatul Nira
Smart money kit: an innovative learning tool for kids
author_facet Sabri, Mohamad Fazli
Moga Dass, Thinagaran
Ramli, Nurhayatul Nira
author_sort Sabri, Mohamad Fazli
title Smart money kit: an innovative learning tool for kids
title_short Smart money kit: an innovative learning tool for kids
title_full Smart money kit: an innovative learning tool for kids
title_fullStr Smart money kit: an innovative learning tool for kids
title_full_unstemmed Smart money kit: an innovative learning tool for kids
title_sort smart money kit: an innovative learning tool for kids
publisher International Journal Corner
publishDate 2018
url http://psasir.upm.edu.my/id/eprint/73908/
http://www.internationaljournalcorner.com/index.php/theijhss/article/view/131821
_version_ 1751538196308557824
score 13.211869

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