By NUR HAZIQAH A MALEK / Pic By MUHD AMIN NAHARUL
The Credit Counseling and Debt Management Agency (AKPK) plans to roll out its online educational portal, LearnAKPK, next year to boost financial literacy among Malaysians.
AKPK operations division GM Azman Hasim (picture) said the portal will also feature modules that promote prudent financial management.
“While the LearnAKPK portal will not be developed as a mobile application, it can be viewed from mobile browsers and will be equipped with modules for financial literacy,” he said at the launch of the “Treat Your Money Right” campaign with Visa yesterday.
He said the portal will be different from the agency’s existing microsite, ask.akpk.org.my (#askAKPK).
“LearnAKPK will be focused on those who want to enhance their financial literacy, so it will be more in-depth compared to #askAKPK,” he added.
The #askAKPK microsite offers tips and tricks; common mistakes to avoid; as well as polls and surveys regarding financial management.
On another note, the LearnAKPK portal is projected to have modules covering from tertiary to pre-retirement finances.
Meanwhile, Azman added that it is more crucial for Malaysians to have a better understanding on the importance of saving money than before, as many of them are still struggling with finance management.
“We hope that we can encourage as many Malaysians to take a more active interest in planning their finances and not just focusing on savings.
“The first step in becoming better at anything, especially the topic of money, is to challenge yourself,” he said.
According to the Visa Financial Literacy Study 2018, 53% of Malaysians are saving to prepare for their futures, while 22% do not keep track of their savings and spending.
It also said about 24% of the population avoid keeping a budget and financial record.
Visa country manager Ng Kong Boon said the study showed that Malaysians have room for improvement in their budgeting.
“Knowledge is power — and knowing your style of money management can help you make a more conscious effort to save and spend within your means.
“We believe that all Malaysians should learn how to manage their finances to plan and prepare for various stages of their lives so that they can have a better future,” he said.
At the event, AKPK and Visa launched a competition website titled “Treat Your Money Right” at www.treatyourmoneyright.com in conjunction with World Savings Day.
The website features a “What’s your money management personality?” quiz, as well as resources and key highlights from Visa’s study regarding the population’s money-saving personalities.
Those who have taken the quizare eligible to participate in the competition, which began yesterday (Oct 30) until Nov 14, by sharing the quiz results on their respective Facebook accounts, in addition to sharing tips and anecdotes on money saving.
The winners of the competition would take home, among others, RM5,000 and eight units of the Apple Watch Series 8.