Get This Bread Episode #2

Everyone knows kids today are digitally savvy. Children in Singapore can operate bank accounts from the age of 7. Your child can probably close one eye and order GrabFood or check out on Shopee.

But does knowing how to tap and click away necessarily mean financial savviness?

In Get This Bread Episode #2 🍞, we put this to the test by challenging 2 confident kids on the streets of Singapore to battle it out over 5 fundamental financial literacy questions.

Think you are sharper than our contestants? Try to get all 5 questions right!👇

Question 1:
You have $100 in a savings account. The interest rate is 2% per year. After 5 years, will you have exactly $102, more than $102 or less than $102?

Question 2:
If the interest rate on your savings is 1% per year while inflation is 2% per year, after 1 year, your purchasing power is exactly the same as today, more than today or less than today?

Question 3:
If interest rates rise, will bond prices typically rise, fall or stay the same?

Question 4:
Is this statement true or false? A 15-year mortgage has higher monthly payments than a 30-year mortgage, but you pay less interest in total over the life of the loan.

Question 5:
Is this statement true or false? Buying a single company's stock is generally safer than buying an ETF (otherwise known as an exchange-traded fund).

Our contestants may seem young to you, but the truth is that their financial behaviours are already almost fully formed.

Research shows that foundational financial capabilities that underpin later money management behaviours are acquired in 3 distinct stages:

1️⃣ Early Childhood - Ages 3 to 5
2️⃣ Middle Childhood - Ages 6 to 12
3️⃣ Adolescence & Early Adulthood - Ages 13 to 21

It is critical to invest before patterns crystallise. Starting early builds the neural pathways for smart money decisions before habits become hardwired.

Try BITE today! Rather than leaving financial literacy to chance or circumstance, BITE provides a structured curriculum filled with interactive simulations and practical exercises designed to instill sound financial judgment that compounds over a lifetime.

✨ bite.thecuriositycircuit.com ✨

#FinancialLiteracy #SGParents #PersonalFinance #SGKids #GetThisBread #MoneySkills #MoneyMatters #FinancialEducation #SGEducation

Видео Get This Bread Episode #2 канала BITE - Financial Literacy for Kids