Eliminate guilt in yourself if you are not able to give your child all they want.
See your financial constraints as an opportunity for them to improve their financial situation in a creative way.
Comfortable and proficient in using different financial instruments.
Understand the concepts of debt and credit management.
Be sure to manage your own expenses and do not overspend.
Share the security measures that need to be taken, especially from the aspect of protection of personal information and so on.
Explain the concept of loans, interest rates charged by banks (for example if they want to buy a motorbike or car) as well as important debt habits, such as making timely payments.
Also share stories about bodies that offer illegal financial loans such as "Ah Long." Ah Long.
Share how to manage monthly allowances based on different categories such as room rent, food and so on.
The goal is for them to be prepared with financial management skills when continuing their studies or working later.
Share the different situations where you usually uses credit card, debit card or e-wallet.
Refer to the “Different Payment Methods” guide in the Fun (d) for Life Portal (Student Category> 16-18 years) to discuss different financial instruments.
Discuss some of the reasons why companies make sales gimmicks such as "Merdeka Sales", "Sales 9.9", "Buy 1 Free 1" and so on.
This discussion may help your children make better judgement towards these occasional promotional sales.
Help them to recognize the icons that see family financial constraints as motivation to improve their own lives.
Discuss the news of online fraud that Malaysians have experienced.
You can also share the article "Scams in the Banking World" on the Fun Portal (d) for Life (Student Category> 16-18 years) with your child.
Explain how to protect yourself from unexpected situations.
Share about precautions that you yourself practice or need to practice such as having emergency savings or insurance or takaful coverage.
Watch the Instagram video "Introduction to Takaful" hosted by famous comedian, Zizan Razak on Portal Fun (d) for Life (Student Category> 16-18 years).
Instill in your child the nature of wanting to add financial knowledge and improve your own situation regardless of age.
For example, encourage them to get the latest useful financial information either through magazines, comics or videos as found in the Fun Portal (d) for Life!