Money Management
For Youth (Talk)

OBJECTIVE
This talk provides a brief insight into the features of common money habits. With positive habits, participants will then understand the benefits of setting financial goals, what are SMART goals and how to set them for themselves. Participants will also appreciate how compounding works to boost savings, benefits of and how to budget and be alerted to common financial pitfalls like over-reliance on debt and spending schemes like Buy-Now-Pay-Later. This module also highlights how to spot red flags in investments schemes to avoid scams and high risks associated with unregulated entities or products.

 OUTLINE 

• Money Habits
• Setting Financial Goals
• Budgeting & Saving
• Growing Your Savings – Power of Compound Interest, Ways to Grow Your Savings
• Avoiding Financial Pitfalls – Debt dependency, Pros and Cons of Buy-Now-Pay-Later, Scams and Unregulated Investment Schemes

WHO SHOULD ATTEND
Youths between 16 and mid 20s who are studying, about to enter the workforce or have been working for a few years and want to learn how to better manage their finances and grow their savings to achieve their financial goals.

DURATION

1 Hour

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