AKPK, Visa launching game on how not to waste money

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Article taken from The Rakyat Post

 

The Credit Counselling and Debt Management Agency (AKPK) and Visa have created an online financial literacy game called Cent-sible Choice, aimed at educating young Malaysians about financial management responsibilities.

 

“We want to equip young Malaysians with practical financial knowledge that can be applied in their daily lives,”said said Visa Malaysia country manager Ng Kong Boon in a statement.

 

“We believe that financial literacy should be taught from a young age, especially before Malaysians enter the workforce.

 

“Hence, we created an online game Cent-sible Choice targeted at both students and fresh graduates to provide them with the necessary knowledge, skills and confidence to make sound financial choices.”

 

Cent-sible Choice, accessible at www.centsiblechoice.com.my and will officially go live on Oct 1, was designed to help students and fresh graduates learn about spending, investing and budgeting and will feature everyday scenarios relevant and unique to the young Malaysians.

 

Student players will be given a fictional budget of RM1,000 and will encounter a number of scenarios such as deciding on what they will spend at a mamak store and making choices whether to save all their money or spend it on a holiday from their part time jobs.

 

Fresh graduates will be given a budget of RM3,200 and be presented with different scenarios such as choosing between getting a debit card instead of a credit card, deciding on low risk, low return versus high risk, high return investments and picking between purchasing a new or a second hand car.

 

The game will also provide the student players with financial tips for each decision that they make in the game.

 

All participants will be included in a weekly draw and can stand a chance to win exciting prizes over a two-month period