Insurance giant launches money management contest for school kids

Friday, Mar 25, 2022 15:31

A class as part of the Cha-Ching programme that fosters sound financial habits and financial responsibility in children. — Photo courtesy of Prudential

A contest designed to inculcate financial management skills among kids has been launched to mark the Global Money Week that is being observed from March 21-27.

The "Cha-Ching Smart Kids – Smart Money" contest was launched on Thursday by Prudential Vietnam Assurance Private Ltd. and Junior Achievement Vietnam.

The contest, which will last until May 2022, will consist of three rounds.

In the first round, "Lightning fast", the panel will select 100 students with the highest scores from a multiple-choice test on the Quizizz platform. Proceeding to the second round, 20 best presenters will be selected from a “72h challenge”, based on their case topics relating to the four money habits: earn, save, spend and donate.

The 20 best students from the second round will be split into five groups for the group competition in the final round, with the guidance from a mentor. The finals will decide recipients of one first prize, one second prize, and three third prizes, while other contestants will receive useful gifts.

Happening within the framework of the Cha-Ching Curriculum project, more than 4,000 students who have participated in its financial literacy and responsibility programme in Ha Noi and Hung Yen in the school year 2021-2022 will join this contest.

The Cha-Ching programme is an award-winning financial literacy and responsibility programme that fosters sound financial habits and financial responsibility in children.

Developed by Prudence Foundation and created in partnership with Cartoon Network and Dr. Alice Wilder – an Emmy award-winning child education expert, the Cha-Ching programme was launched in Viet Nam in 2019.

The Cha-Ching Curriculum adopts an activities-based learning approach to teach children aged 7-12 about the importance of financial management and instill the four key concepts of earn, save, spend and donate.

Phuong Tien Minh, CEO of Prudential Vietnam, said: "Education has always been the focus of Prudential Vietnam for building a sustainable community.

“The Cha-Ching Smart Kids – Smart Money contest is an initiative designed to help children practise knowledge gained from the Cha-Ching curriculum in an engaging environment, where they can also develop necessary soft skills for their future learning."

Doan Bich Ngoc, CEO of Junior Achievement Vietnam, said: "The contest serves more than a playground for children. It also provides an opportunity for teachers and parents to exchange and learn more about financial management.

“Participating schools also have the opportunity to share their best practices in organizing activities for students at school". — VNS

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