www.moneysense.gov.sg
MoneySENSE is a national financial education programme launched
by Mr. Lee Hsien Loong, then Deputy Prime Minister and Chairman of
the MAS on 16 October 2003. MoneySENSE brings together industry and
public sector initiatives to enhance the basic financial literacy
of consumers.
The MoneySENSE programme covers 3 tiers of financial literacy:
Since its launch in October 2003, MoneySENSE has published over
253 educational articles in the media, organised talks, seminars
and workshops that have attracted over 93,000 participants as well
as issued 29 consumer guides with a total circulation exceeding 2.2
million.
MoneySENSE has also disseminated financial tips and messages in
interesting ways such as a series of games at the inaugural
MoneySENSE 2006 Roadshow which attracted over 89,000 visitors,
organised a MoneySENSE-CPF inter-polytechnic financial education
outreach that saw over 33,000 visitors, and subsequent roadshows at
the Institute of Technical Education and various locations. In
addition, MoneySENSE commissioned TV shows “Dollar and Sense” and
“Mind Your Money” which saw over 1.1 million viewers, and various
radio programmes with total listenership exceeding 1 million.
The MoneySENSE programme covers 3 tiers of financial
literacy:
- Tier I - Basic Money Management - which covers skills in
budgeting and saving, and provides tips on the responsible use of
credit;
- Tier II - Financial Planning - to equip Singaporeans with the
skills and knowledge to plan for their long-term financial needs;
and
- Tier III - Investment Know-How - which imparts knowledge about
the different investment products and skills for investing.
MoneySENSE is spearheaded by the public-sector Financial Education
Steering Committee (FESC). The FESC provides strategic direction
and oversees financial education programmes in Singapore. It
comprises representatives from the Ministry of Social and Family
Development, Ministry of Education, Ministry of Manpower, Central
Provident Fund Board, Monetary Authority of Singapore, National
Library Board and People's Association.
The FESC works closely with the MoneySENSE Industry Working Group
(MIWG) to implement MoneySENSE programmes. The MIWG comprises the
Association of Banks in Singapore, the Association of Financial
Advisers (Singapore), the Consumers Association of Singapore, the
Financial Planning Association of Singapore, the General Insurance
Association of Singapore, the Insurance and Financial Practitioners
Association of Singapore, the Investment Management Association of
Singapore, the Life Insurance Association of Singapore and
Singapore Exchange Ltd.
