Crisis shows importance of being financially literate

Photo: Filepic/The Star

I RECENTLY came across the Minggu Saham Digital 2021 which was organised by Permodalan Nasional Berhad (PNB) from Nov 17 to 23. I found out later that the event is actually the online version of PNB’s well-known Minggu Saham Amanah carnival. Having followed a few of the virtual programmes, I applaud PNB’s intention to elevate the level of financial literacy among their customers and the rest of us Malaysians.

Being financially literate is about having sufficient understanding on matters relating to saving, investing and managing debt – basically, knowing enough to make rational and responsible decisions in personal money matters. More importantly, and a key aspect, is having sufficient financial awareness to build an emergency fund.