Allianz Malaysia celebrates Global Money Week by encouraging kids to ‘Learn.Save.Earn’
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Allianz Malaysia dedicated the month of March to celebrate Global Money Week which took place between 25 and 31 March.
Global Money Week is a global money awareness campaign led by Child & Youth Finance International (CYFI), a non-profit organisation based in Amsterdam which raises awareness on the importance of financial education and financial inclusion for children and youths. For Allianz Malaysia, the celebration of the event is an extension of the Company’s financial literacy initiative to nurture responsible and financially fit youths which is part ot its core corporate responsibility.
Incorporating this year’s theme ‘Learn.Save.Earn’, Allianz Malaysia conducted a Financial Literacy Programme at SK Bandar Tun Razak 2 for 120 Standard Four and Five students on 15 March. During the programme, students participated in a quiz to gauge their financial knowledge and were later given a lesson on differentiating between needs and wants, recognising tools used in advertisements, and learning about the different buying criteria that influence decision-making as consumers.
The Company also organised an excursion to the Bank Negara Malaysia Museum and Art Gallery for 64 children and youth from Yayasan Chow Kit (26 March) and Persatuan Kebajikan Harapan Selesa Kuala Lumpur dan Selangor (28 March). The children learnt how to make banknotes when they visited the Children’s Gallery and enjoyed the tours of the Art, Numismatic, Temporary, Economic and Islamic Finance Galleries.
“At Allianz Malaysia, financial literacy is one of our core corporate responsibility initiatives. Apart from carrying out our own financial literacy programme in schools all year round, being part of Global Money Week over the last seven years has enabled us to highlight the importance of financial education among young people and build in some fun elements around the topic,” said Ng Siew Gek, Head of Allianz4Good of Allianz Malaysia.
“Many young adults these days are struggling with large amounts of debt which affects their development and well-being. Most of them are not prepared for that unforeseeable rainy day. We hope that through our initiatives we are able to encourage children to develop a keen sense of money management and sound financial habits from a young age,” added Siew Gek.
Allianz Malaysia has participated in Global Money Week for seven consecutive years since 2013.