Global Money Week

2016 Singapore Money Week

Leading Organization:
Citi-NIE Financial Literacy Hub

Participanting Organizations:
Ministry of Education of Singapore
National Institute of Education of Singapore
Monetary Authority of Singapore

Date of the event:
14th - 18th of March

Total number of children & youth engaged: 1 708

The National Institute of Education Singapore celebrated Global Money Week 2016, in collaboration with Citi-NIE Financial Literacy Hub for Teachers. This was further celebrated through cooperation with the Ministry of Education and the Monetary Authority of Singapore. The national celebrations included exciting activities for students and teachers in schools, such as financial literacy programs, amazing races and games which taught the importance of empowering students and teachers with financial knowledge, skills and values.

As an initiative for building financial capability amongst students, Jurongville Secondary School organized a Money$MART trail for 20 Student Leaders, who in turn led these trails for another 280 students. The program infused Financial Literacy in Food and Consumer Education - where Student Leaders are given exposure to smart shopping, budgeting and reflect on their spending habits in a shopping mall. Via the App called mShopper, the students were given scores when they earned money through the App and they then were evaluated on how they spent their money, and how much savings they had. The activity gave the students the opportunity to reflect on their daily spending habits and encouraged them to focus on making wise financial decisions.

Wellington Primary School organized the National Primary Games Creation Competition (NPGCC) in partnership with NIE where it provided the platform for students to showcase their creativity by designing online games. This year’s NPGCC slogan is ‘Prudent Savers, Values Creator’, which encourages students to incorporate financial literacy messages in to their games. Creating such a platform enables the students to learn about financial literacy in a fun-filled manner. A teachers’ briefing and training was conducted in March to highlight the importance of incorporating financial literacy education into classes, and to brief them on the details of the competition. This year more than 80 teams from 40 schools took part in the competition, and the numbers are expected to increase over the coming years.

Elements of Business Skills (EBS) Amazing Race is a business-cum-financial education program targeted at Secondary 4 students from various schools. During GMW, a total of 128 students and 32 teachers took part in the challenge. Students took part in business-related activities at each station, which encouraged them to consider the relevance of financial management in their daily lives.

For university students across Singapore, the Nanyang Technological University’s Investment Interactive organized the Singapore Financial Conference Club, in collaboration with NIE. As part of this year’s event, the nation’s top investment gurus were invited to share their knowledge and experience about the global economic outlook with the participants. Besides giving career advice, the experts also gave invaluable advice about how students can manage their personal portfolios. Overall, the event was a huge success and served as a stepping stone for many budding investors.

 

2015 Singapore Money Week

Participants:
Ministry of Education of Singapore
National Institute of Education of Singapore
Citi-NIE Financial Literacy Hub
Date of the event:
9th - 17th of March
Number of children reached:
4 000

Global Money Week further advanced its reach this year in Singapore with more institutions participating in the celebrations and with newer initiatives aimed to further foster the empowerment of children and youth in Singapore as economic citizens. Building on last year’s momentum, Global Money Week was once again led by the National Institute of Education of Singapore in coordination with its partner schools and the Ministry of Education of Singapore.

In various schools within the country, innovative activities like financial literacy trails, financial literacy integration in math and English language lessons, and various other fun activities that engage both children and teachers to learn from each other about the value of money, the importance of savings, and learning the difference of a want and a need were organized. These simple and fun activities truly reshaped the thinking of Singaporean children towards making them responsible economic citizens today and in the future. This built on the philosophy of the National Institute of Education that financial literacy should be taught on a values formation approach. The Park View Primary School, Guangyang Secondary School, Red Swastika School, CHIJ St. Theresa’s Convent, and Coral Primary School participated in these financial literacy activities.

In addition to the financial literacy initiatives, the National Institute of Education also launched “SG50 Entrepreneurs Trail” with the Citi-NIE Financial Literacy Hub, the DP Information Group (part of the Experian Group), Singapore Spirit of Enterprise, and the Association of Commerce Educators. This initiative also coincides with Singapore’s 50th year celebration. A series of activities are scheduled to take place over the course of 50 weeks and will showcase 50 local entrepreneurs’ stories. These entrepreneurs will meet with children and youth around Singapore to share their stories and inspire them about entrepreneurship. Launched during the Global Money Week, these will be done through visits to schools, libraries, exhibitions, forums, learning trails. A Grand Finale at the end of 2015 after 50 weeks of activities involving the public and private sectors, educators, business associations, entrepreneurs, media, general public, and students is planned for.

Tackling both financial literacy and the entrepreneurial spirit of children and youth during Global Money Week, Singapore is truly at the leading edge of empowerment of young people as economic citizens.

 

2014 Singapore Money Week

Participants:
National Institute of Education
Ministry of Education
PlayMoolah
Date of the event:
10th - 17th of March
Number of children reached:
2 600
Number of children reached through media:
25 000

National Institute of Education and Ministry of Education in association with many local schools and universities celebrated Global Money Week. The national celebrations included exciting activities for children and youth such as financial literacy workshops, experiential learning journeys and financial challenges that taught the participating youth about real-life financial situations.

As part of the Outram Secondary School’s efforts to provide students with a holistic educational experience, all students underwent an experiential learning. During this week, pupils learned about how to be a self-directed learner and gain confidence in business & enterprise elements, where the topics included local entrepreneurs, branding and marketing and social entrepreneurship respectively.

Coral Primary School English teachers were taught how to include financial literacy in their English classes. The trainings focused on how to build topics such as "budget", "bonus", and "saving for a rainy day” into their lesson plans. Subsequently, the teachers taught financial education topics to 300 students during the 5 day period.

33 Biz Club members from Nanyang Junior College were trained to become Praxis Financial Literacy Game facilitators. As facilitators, the Biz Club members then explained the game to their peers during financial education themed lessons. On the 13th March, the lecturers and students of the Republic Polytechnic held a Praxis Financial Literacy Game Challenge for the 40 students from Evergreen Secondary School.

190 students from Park View Primary went to Batam (Indonesia) to conduct financial education themed activities for the school children in Batam schools. The Park View Primary pupils received lessons in VIA, Servant Leadership, financial literacy and Basic Conversational Bahasa in the weeks prior to their Indonesian visit. The participating kids then went to 3 schools to teach financial literacy through craftwork made from recycled materials.

Playmoolah organized a session with the authors of popular Singapore-themed investment book “InvestLah”. The authors broke down the often elusive topic of investing into bite-sized chunks that are easy enough for youth to understand and take action on. Youth had an opportunity to ask any questions that they had about investing.