Channel NewsAsia

Boon Lay residents learn good financial habits

More than 200 Boon Lay residents learnt good financial habits on Sunday. About 70 children from low-income families learnt about savings through a series of skits and workshops.

SINGAPORE: More than 200 Boon Lay residents learnt good financial habits on Sunday.

About 70 children from low-income families learnt about savings through a series of skits and workshops.

To encourage them to save, each child was given S$20 to deposit into their POSBkids Account.

Meanwhile, the elderly participants were given a crash course on cashless payments.

They also learnt how to use debit and credit cards in a responsible manner.

Minister for Culture, Community and Youth Lawrence Wong, who is also MP for West Coast GRC, said: “It's an old estate, it's a mature estate, we have many elderly residents, but we also have parents with young children. So we thought that rather than just focus on one group, we would cater to all the different generations.

“We're trying to get more programmes going, beyond today, so that parents and their children can come and they can learn how to save, and we do it in a fun way so that they are encouraged to keep on saving.” 

Tweet Photos, Videos and Update on this Story to  #cna