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I Am Money Smart - Participant Workbook Mar 2023
I Am Money Smart - Participant Workbook Mar 2023
Participant Workbook
March 2023
Disclaimer:
This course workbook is compiled and curated by GIC Private Limited (“GIC”). The contents
of this workbook (i) are for general educational purposes only; (ii) does not constitute
investment advice or specific financial advice; and (iii) is not to be considered an
endorsement of any of the companies or products listed in this workbook. If you require
specific financial advice tailored to your particular circumstances, please consult a licensed
financial advisor. GIC and the other parties mentioned in this workbook will not be
responsible for any loss or damage arising from any reliance placed on the contents of this
workbook. For the avoidance of doubt, companies mentioned within this workbook have no
affiliation with GIC.
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CONTENTS
1. Being Money-Smart
6. Staying Money-Smart
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WHAT DOES IT MEAN TO BE
MONEY-SMART?
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“TODAY, I WANT TO LEARN…”
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ACTIVITY:
WHAT
WHATWOULD
DOES IT YOU
MEANDO?
TO BE
MONEY-SMART?
Exams are finally over (yay!) and you can’t wait
for the holidays to start.
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HOW ARE YOU WITH MONEY?
Spontaneous Carefree
Security Giving
Status Planning
A Balancing Act:
• Each of us is unique! There is no perfect combination of Habitudes,
and no Habitude is all good or all bad.
• A combination of Habitudes means you are flexible and can adapt to
different situations.
• You may need more balance if you have a lot of any one Habitude, or
if you are completely missing any Habitude.
MONEY-SMART?
How do those with this habitude see
themselves? How do others see them?
• Daring • Impulsive • Open-minded •
Unconcerned with consequences
Carefree
You use money if you have it, but you don’t care
to think about it.
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Security
WHAT DOES IT MEAN TO BE
You use money to feel safe, secure and in control.
MONEY-SMART?
How do those with this habitude see
themselves? How do others see them?
• Thrifty • Cheap • Organised • Inflexible
Giving
You use money to feel good by helping others.
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Status
WHAT DOES IT MEAN TO BE
You use money to present a positive image.
MONEY-SMART?
How do those with this habitude see
themselves? How do others see them?
• Generous • Superficial • Impressive • Insensitive
Planning
You use money intentionally to reach your goals.
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MY PERSONAL BUDGET
WHAT DOES IT MEAN TO BE
Use this simple budgeting template to plan & manage your money
MONEY-SMART?
WHAT DOES IT MEAN TO BE
Month:
MONEY-SMART?
My Income My Expenses
Sources of Amount (S$) Fixed Amount (S$)
Income Expenses
Allowance
______________
Job
______________
Others
______________
Variable
Budgeting Hacks: Expenses
• Keep your financial goals in mind
______________
• Know your needs vs wants
• Round all expenses up, not down ______________
• Build ‘treat money’ into your
budget for small splurges ______________
• Always ‘pay yourself’ first
• Find a savings buddy ______________
• Ask a friend or relative to keep
you accountable to your budget ______________
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ACTIVITY:
WHAT CAN’T YOU RESIST
WHAT DOES IT MEAN TO BE
SPENDING $ ON… EVEN WHEN YOU
MONEY-SMART?
DON’T NEED IT?
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MAKE YOUR BUDGET WORK WITH
THE 50/30/20
WHAT BUDGETING
DOES IT RULE
MEAN TO BE
MONEY-SMART?
Shopping
Housing Entertainment
Dining Out
Groceries.. 30%
Transport . Travel
Wants
Education.. . 50%
Bills/Utilities . Needs 20%
Savings
Investing
Long-Term Goals
Emergency Fund
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KEY THINGS TO KNOW ABOUT
WHAT DOES IT MEAN TO BE
SAVING & SPENDING
MONEY-SMART?
Spend smart
o Consider – is it a need or a
want?
o Don’t buy immediately – do
your research first.
o Wait for a few days – maybe
you won’t want it anymore!
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HOW DOES SINGAPORE PREPARE
FOR ITS NEEDS?
One way is by having & managing reserves, which are used to:
1
DEVELOP SINGAPORE
TRANSPORT
IN DIFFERENT AREAS
PHYSICAL
ENVIRONMENT
HEALTHCARE
EDUCATION
2
PROTECT SINGAPORE PANDEMICS
IN DIFFICULT TIMES
FINANCIAL
CRISES
CLIMATE
CHANGE
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GIC IS ONE OF THREE ENTITIES
THAT CONTRIBUTE TO MANAGING
SINGAPORE’S RESERVES
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MY ACTION PLAN
My goal is_________________________
_____________________________________
I plan to ___________________________
to achieve my goal.
Examples:
• I plan to save $X every week until 31
December 202x to be able to afford my goal.
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MY ACTION PLAN
My money habitude is
_________________________________________
_________________________________________
_________________________________________
_________________________________________
_________________________________________
_________________________________________
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STAY MONEY-SMART!
Check out more resources at the GIC Microsite of Educational
Resources.
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