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Studying, getting married, becoming parents and retiring – senior secondary students can walk through these life stages and make decisions to overcome possible real-life obstacles in seven weeks! The Mandatory Provident Fund Schemes Authority (MPFA) is launching a brand new online learning platform called Manage Your MPF, Master Your Wealth in the 2013-14 academic year. Students can experience a “condensed” life journey, through which they will learn a proper attitude towards money management and MPF-related knowledge.
 
Manage Your MPF, Master Your Wealth is designed to tie in with two subjects in the Senior Secondary Curriculum: Liberal Studies, and Business, Accounting and Financial Studies. All students who take the two subjects are welcome to participate. The platform will record hours of participation of each student which participating schools can use as reference to calculate individuals’ learning time under “Other Learning Experience”(OLE) in the Senior Secondary Curriculum.
 
With the introduction of OLE, the MPFA has been organising “life planning workshops” for students since the 2011-12 academic year. Students can encounter a variety of simulated real-life situations and experience different life stages, which help them understand and examine what basic and financial needs they may have during their life journey. The life-planning workshops were held in many schools in the past two academic years and over 4,000 students participated in them.
 
The online platform that the MPFA is introducing this year enables students to get into different real-life situations in an interactive manner anytime anywhere and through a commonly used medium of theirs to help them develop proper attitudes towards money management.
 
The online activity will commence in October and last for seven weeks. Participating students will go through one life stage a week, and they have to complete a number of “tasks” at each stage. These “tasks” include, for example, finishing specific assignments to earn a salary, making decisions in relation to spending, investment and wealth management, and managing their MPF.
 
A teaching guide for the online platform will be presented to participating schools. The guide will contain knowledge and concepts related to the subjects Liberal Studies, and Business, Accounting and Financial Studies. Teachers may use them as teaching and reference materials in class. In addition, teachers may make use of the Manage Your MPF, Master Your Wealth school platform, which was tailor-made for them, to observe their students’ learning progress.
 
In early September, the MPFA sent letters to more than 400 Hong Kong secondary schools inviting them to enrol in this online activity. Enrolment details are available in the relevant leaflet (in Chinese only).
 
Apart from the newly-launched activity, the MPFA has been working with a theatre troupe to stage an interactive drama on money management in schools. Targeting junior secondary students, the drama leads them to reflect on how teenagers’ concepts on managing money are swayed by social norms, advertising and peer pressure. They are encouraged to learn proper attitudes towards money management and realise the importance of financial planning and getting prepared for the future.
 
The MPFA also organises various activities on money management catering for kindergarten children, primary students and students in tertiary institutions to spread knowledge of money management and promote the importance of saving for the future. Members of the public are welcome to visit the Youth Corner on the MPFA website to learn more about the series of youth education programmes organised by the MPFA.
 
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16 September 2013