Private sector Programmes - Malaysia: Abacus Smart Money-User, Abacus For Money

 

Programme:

ABACUS SMART MONEY-USER (SMU)

 Malaysia

Date of creation: 2005

Sector, Sponsor,  Responsible body(ies):

Private sector: The Abacus For Money team of Kuala Lumpur, Malaysia, is made up of financial professionals.

Audience/Coverage:

For Youth (teenagers and youth aged from 13 to 19)  & Teachers.

Tools & Programmes:
School Program
This Smart Money-User (SMU) Basic Program is an interactive and engaging experiential learning program supported by experienced coaches who will teach teenagers and youth how to be money-smart! This 3-month training & coaching program is about releasing the boundaries that limit their financial capabilities with the following structure:
• 2-day workshop
• 3-hour monthly coaching sessions over a 3-month period


The participants will learn fundamental principles of:
1. Mind-set in terms of money habits and behaviour
2. Practical financial technical know-how, applications and tools


They will be guided in applying the soft skills of mind-set and behaviour, together with the hard financial skills and knowledge in their daily money management activities and financial planning for the future.

 

This workshop is designed exclusively for teenagers and youth to learn:
• How to discover personal financial behaviour and emotions towards money
• How to understand personal money management process and financial skills
• How to evaluate personal spending habits and debt management skills
• How to create personal financial philosophy and practical financial disciplines
• How to create personal Financial Action Plan


 See: http://www.abacusformoney.com/smart-money-user-program.htm

Description (Aim & Needs):

This program is unique because it is designed to focus on teaching the individual, starting from the early formative years as teenager to adulthood, to appreciate money, create good life values with money and cultivate money habits.


Smart Money-User program addresses 3 core important learning for a young adult:
• My Self Esteem and Self Worth 
- Why I am important? 
- What is my self-worth to my family and cultural community?
• My Life and Money Values 
- Why my family and cultural community values are important? 
- How money and its values help create my family and cultural community values?
• My Worldview with Dreams and Vision 
- Why is having good life dreams and vision important to me? 
- How money can make my dreams and vision come true?


This financial education program teaches the young adult key attitudes that will impact on the development of skilful behaviours related to managing money including:

• using money in a purposeful way to heighten a sense of accomplishment and recognition
• being wise with money, good spending disciplines and not allowing money to lure them into doing bad to themselves and the community
• using money within their financial means and capability, and to learn to delay instant gratification and plan for their future financial well being.

Assessment of Financial Literacy/Capability:

n.c.

Evaluation of the Programme:

n.c.

Resources/Available Material:

Smart Money-User Book.

Weblink:

www.abacusformoney.com

Contact:

Carol Yip
Founder & CEO
Abacus Advisory Sdn Bhd
Suite 305, Block E, Phileo Damansara 1
9 Jalan 16/11 (off Jalan Damansara)
46350 Petaling Jaya, Selangor
Malaysia
Mobile phone Malaysia: 012 208 5090
Phone international: +60 1 2208 5090
Email: info@abacusformoney.com
Skype: carolyipkairong

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