Singapore, 30 July 2019 … This year, My Money @ Campus will be brought to students at the Institute of Technical Education (ITE). The series will visit the three ITE Colleges from July to October 2019, to give ITE students a deeper understanding of their financial health, and encourage them to take charge of their finances. The series will also support the financial education curriculum rolled out to all polytechnic and ITE Year 1 students this year.

Minister for Education and Monetary Authority of Singapore board member, Mr Ong Ye Kung, launched the My Money @ Campus at ITE College Central today. The series will visit the other two ITE Colleges according to the following schedule:

“We are pleased that the My Money @ Campus programme has come to ITE. The programme complements the financial literacy curriculum we have, so our students can be equipped to manage and plan their finances from a young age. At ITE, we go beyond training our students for work and employment by also teaching them key life skills, such as financial management. This way, we can help them to succeed in life,” said Ms Low Khah Gek, Chief Executive Officer, ITE.

At the My Money @ Campus series, students will first obtain their financial health assessment after completing a 5-minute student Financial Health Check via the MoneySense website. They can also play interactive games co-created by their peers and facilitated by the Citi-SMU Financial Literacy Programme for Young Adults, to explore areas of improvement highlighted by the Financial Health Check and dive deeper into financial concepts and services, such as compounding, investment and insurance. Students will also be able to discuss these topics at the “Know What To Ask” sessions with trainers from the MoneySense-Singapore Polytechnic Institute for Financial Literacy and student trainers from the Citi-SMU Financial Literacy Programme for Young Adults. These programmes will help students build a strong foundation in financial skills, and plan for their financial well-being.

My Money @ Campus, first launched by MoneySense in 2015, aims to equip students with money management and investment skills to manage their own finances, before they enter the workforce. The MoneySense Financial Planning Attitudes Survey 2017 had found that about 3 in 5 students aged 17 and above have not started financial planning as they felt that it was still too early, or did not know where or how to start.

My Money @ Campus financial education series is organised by MoneySense, together with the Association of Banks in Singapore (ABS) and the Singapore Management University’s (SMU) Sim Kee Boon Institute for Financial Economics. Previous iterations of the series had visited the Autonomous Universities and polytechnics.

Caption: Citi-SMU Financial Literacy Programme for Young Adults conceptualised and facilitated financial literacy games, such as Target Investing (shown in the photo), where participants learned about different investment types, risks and diversification.

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Media Contacts

Monetary Authority of Singapore

Denise Gan (Ms)

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Candy Ho (Ms)

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The Association of Banks in Singapore

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Email: banks [at] abs.org.sg ()

Singapore Management University

Teo Chang Ching (Mr)

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Institute of Technical Education

Jamie Chan (Ms)

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Email: Jamie_Chan [at] ite.edu.sg