Scratch x Financial Literacy:
Planning for the Future
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.
SGD50 per team
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
Scratch Competition Rules
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.
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.
Students will be tasked to create a game with an engaging storyline and activities that elaborate on, or revolves around fundamental financial literacy concepts.