Monthly Archives: September 2010

Financial Education for the young

OR teach your child about REAL money sense?

Teach your child about choco money

Have you ever thought of why there are students who graduate from tertiary institutes not knowing how to manage the money that they earn?  

Lack of financial education in schools and for the young by parents could possibly be the reason why.  

In the Singapore pre-tertiary education system or most of the others all around the world, emphasis is placed on science, technology or the arts. The curriculum setting focuses on depth in these fields and hence would not be able to allow subjects like financial management or investing. Nonetheless, financial literacy workshops held in schools are on the rise. What is more important however, is how parents play their role to educate their children from young. It is critical that parents inculcate wise financial management habits in their children so that they know how to better manage their money that they earn once they step out into the working world.  

Here are some tips we would like to share:
1. Basic fixed allowance over e.g. a week or a month enough to cater to your child’s required meals and other necessities but not in excess will teach them the preciousness of money.  

2. Big ticket items and holidays as reward for hard work or plan it with your child in the basic fixed allowance by increasing it with a fixed daily savings plan for your child.  

3. Let your child do the groceries paying at the cashier counter and when she is old enough (Primary 5 at least when % is taught), explain to her about how the GST is added on top of the sub-total bill.  

4. If you are investor-savvy, educate your child by letting your child own a share of reputable listed companies under his name and teach them about how it can grow and might also depreciate due to business failings. (Recommended when your child is of certain age preferably above 12)   

5. Borrow some money management books with interesting illustrations or share with your child personally your experiences and educate them about the importance of saving, investing wisely and the pitfalls of greed.  

6. Last tip: Open a savings bank account for your child early!  

Financial education for the young is important for the bright future and dreams that your children want to pursue. Start now and think about how you can contribute to your children’s financial literacy today!

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine

Exam Preparation Tips for PSLE


You don't have to end up like this. Be prepared!

With the Primary School Leaving Examinations (PSLE) drawing near and other major examinations like O’ Levels and A’ Levels not too far away, have you planned on how to tackle the examinations effectively and strategy for the different papers?

Well, fret not as this week we will be sharing some examination preparation tips with everyone involved in clearing this major hurdle of every student in Singapore. I’m sure you have heard of the renowned quote- “If you fail to plan, you plan to fail”, so what does it actually mean when coming to preparing for PSLE especially when a Primary 6 student is still at a tender age of 12 to know it by themselves?

It is very important to understand that examinations is like a “game”. In fact, it is a “game” with rules. Indeed examinations are a test of one’s knowledge in various subjects, but doing well in examinations does require some wit and strategies. We will share some of these examination tips that will aid in the preparation.

Different types of questions are set by the examiner to test on various qualities and academic ability of a student. They range generally from Multiple-Choice Questions (MCQ), Short Answer Questions (SAQ) and Essay type. Each require different skill sets and strategies to score well in them which you will find out more below.

Examination strategies and tips

Multiple-Choice Questions (MCQ)

  • Study and understand general ideas well
  • Memorise key terms, theories and related concepts for quick recall to questions at a limited amount of time
  • MCQs are really good to prepare and practise using Past Year Papers. Get them, practise and check the answers!
  • Allocate enough time for each question. You should already know the Time(min)/Question when you are entering the examination hall.

Short Answer Questions (SAQ)

  • Classify various concepts and ideas
  • Use mindmaps to link inter-related concepts if required
  • Write summary sheets while paying attention to writing out key terms and corresponding explanations
  • Again practise, practise and practise! Check the answers and do corrections by writing it out.


  • Creativity for compositions and analytical skills for comprehension questions requires different strategies. For compositions, start planning the outline of the essay before quickly putting it down on paper to get you rolling. For comprehension questions, prepare well by practising often, underline or highlight key phrases for clarity.

Tips and tricks

  • Bring a wristwatch and put it in front of you on the table to remind you of the time. Ensure that the time is the same as the hall’s one before examinations commence.
  • Allocate your time well such that you already know how much time to spend on each section. This will prevent being overly stubborn and losing precious marks trying to solve tricky questions in front and ending up having no time to complete easy ones at the back.
  • If need to, we would advise bringing 2 calculators for the exam in case one gets faulty or run out of batteries.
  • If in any doubt of your paper or print quality, do raise your hand and ask!
  • Always check that you completed all questions till the last page!

The list we have provided above is by no means exhaustive. There are many other ways that a student can adopt to suit his/her learning style and cognitive abilities. Many of which including the above mentioned ones are adeptly shared with students by our ConsultAtutor Personal Home Tutors as the study setting and personal guidance rendered to the student over an extended period of time encourages so.

Start by asking your child or student whether he is clear about the examination formats for the different subjects and apply appropriate strategies as required to achieve the goal set. As the saying goes, “Prepare well and half the battle is already won!”

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine