Key objectives include helping children from lower-income households make better spending decisions, and teaching kids to identify scams related to digital payments.
Among the new initiatives is a collection of automated teller machine models, which uses animation toThere are also tie-ups with social service agencies to teach children from lower-income households how to make wise spending choices.ATM models developed by local bank POSB and educational platform EYEYAH! are being stationed at various schools and libraries across the island.
“And we feel that probably it's a more effective way to teach them, versus everything digital which actually today, they already have a lot of digital exposure.”Children also get worksheets and activity booklets, which explore topics like compound interest, tips on how to save, distinguishing between needs and wants, and making ethical purchases.
Ms Kristen Yee, who works in finance and has a 10-year-old daughter and a 14-year-old son, told CNA she feels that even starting these lessons at the primary school level is “a little bit late”.
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