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TITLE:

Scratch x Financial Literacy:

Planning for the Future

DATE:

15th November 2021

WHO CAN PARTICIPATE:

  • Lower Primary : P1 to P3

  • Upper Primary : P4 to P6

  • The above categories are OPEN to the PUBLIC as well

  • Participants may compete individually or in groups of 2 maximum.

PRIZES:

  • Cash Vouchers

  • Digital Certificates

 

REGISTRATION FEE: 

  • SGD50 per team

VENUE:

  • Online

COMPETITION TIMELINE:

  • 7th July: Release of competition guidelines 

  • 30th September: Closure of registration date 

  • 30th October: End of Project submission(.sb3 file) and video presentation 

  • 16th November: Announcement of Winners 

 

COMPETITION RULES 

 

Scratch Competition Rules

v1.1 pdf

BACKGROUND

 

What is financial literacy?  

Financially literate consumers not only manage money with more confidence, but also have a better chance of handling the inevitable ups and downs of their financial lives by understanding how to prevent and manage issues as they arise. 

 

That can mean keeping a close eye on their bank and credit card accounts so they're aware of potential fraud as soon as possible, or being able to recover from a costly unexpected car repair quickly thanks to ample cash savings. On the other hand, financial literacy can help consumers save diligently for things that matter to them, such as a vacation or their child's college education. 

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Here are some ways how being financially literate can change your life: 

  • Understanding of how much you earn and spend.  

  • Financial stability — Repay and avoid debt. 

  • Protect yourself from debt and bankruptcy.  

  • Work towards a secure retirement. 

CHALLENGE

Students will be tasked to create a game with an engaging storyline and activities that elaborate on, or revolves around fundamental financial literacy concepts.