4 smart ways to grow your child’s duit raya with GOfinance
Hari Raya isn’t just about delicious treats and joyful gatherings, it’s also when children receive their much anticipated duit raya. Beyond the excitement, it’s a great opportunity to teach them the value of saving and growing their money. With TNG eWallet’s GOfinance features, these lessons have never been easier.
Here are 4 smart ways to help your child manage, save, and grow their duit raya this festive season.
1. Start with smart savings – teach your teens the benefits of a GO+ Account
Teach your kids that duit raya doesn’t have to be spent immediately. With GO+, you can deposit their duit raya directly into a low-risk investment fund that grows daily. Not only is it flexible (you can cash out anytime), but it’s also a great way to introduce your children to the concept of savings that earn returns.
Raya tip: Let your child watch their GO+ balance grow. It’s a fun way to show them how saving money can be rewarding.
2. Introduce them to ASNB investments with GOinvest
For older kids, especially teenagers, duit raya can be more than just spending money, it can be their first step into the world of investing. With GOinvest, you can help them invest their duit raya into trusted ASNB funds directly from your ASNB portfolio on your eWallet.
It’s a simple way to grow their savings while teaching them the value of long-term investments.
Raya tip: Make it a parent-child activity! Sit together, explore the fund options, and show them how investments work.
3. Set up a duit raya budget using GOfinance tools
Managing duit raya isn’t just about saving, it’s also about spending wisely. Help your kids create a budget and help them keep track their spending using GOfinance’s Cash flow feature.
The Cash flow tab, conveniently incorporated within the eWallet, breaks down where their money goes, helping them monitor and manage their spending responsibly. This hands-on approach helps kids learn how to budget their money, while still enjoying the festivities.
Raya tip: Set savings goals with your child like saving for a new bike, school supplies, or a family trip. It makes budgeting more exciting!
4. Teach the power of giving
Raya is a season of sharing and blessings. Use duit raya as an opportunity to teach your kids about the joy of giving back. If they’re using an Android device, the Donation feature on TNG eWallet makes it easy to contribute to meaningful causes directly from the app. By encouraging the habit of giving, you’re showing them that duit raya isn’t just for personal gain, but also for helping others in need.
Raya tip: Let your child choose a charity they care about such as an orphanage, animal shelter, or a food bank. This makes the act of giving more personal and meaningful.
Turning duit raya into smart money is easy with GOfinance!
With GOfinance, TNG eWallet is more than just a payment app — it’s a powerful financial tool that helps you and your children manage money wisely. From savings with GO+, to investments with GOinvest, budgeting and charitable giving, every duit raya can be put to good use.
Transform duit raya into a valuable financial lesson that lasts long after the celebrations. Start exploring GOfinance today and help your children to become money-smart from a young age.