EPF’s Heartwarming Short Film Sparks Financial Literacy Conversation in Malaysia

By The Malketeer

Making Financial Literacy A National Asset

In a touching tribute to Merdeka and Malaysia Day, the Employees Provident Fund (EPF) has unveiled a poignant short film that does more than tug at heartstrings – it opens a crucial dialogue about financial literacy among Malaysians.

A Mother’s Wisdom: The Story Behind “Boleh tak, Mak?”

The film, aptly titled “Boleh tak, Mak?” (Can I, Mom?), follows the journey of Ajim, a young man eager to break free from financial dependence on his parents.

Viewers watch as Ajim’s requests for new items are repeatedly met with his mother’s refusal, sparking a determination in him to create his own income stream.

As Ajim revels in his newfound ability to splurge on gadgets and electronics, a deeper truth emerges.

His mother’s apparent frugality masks a profound lesson – the importance of thoughtful financial decision-making and true independence.

Beyond Entertainment: EPF’s Mission for Financial Empowerment

While “Boleh tak, Mak?” serves as a heartwarming family narrative, its underlying message resonates with EPF’s broader mission: promoting financial literacy among Malaysians.

The 5:24 minute film acts as a gentle reminder of the critical life skills that often go untaught – prudent financial planning and responsible spending.

Empowering the Next Generation: EPF’s Youth Initiative

In a forward-thinking move, EPF now allows parents to open accounts for children as young as 14.

This initiative aims to instill financial awareness early, equipping the younger generation with the tools they need to navigate an increasingly complex economic landscape.

Understanding Your EPF: A Quick Guide to Account Types

For those needing to know more, EPF contributions are divided into three key accounts:

1. Akaun Persaraan (75%): The cornerstone of your retirement planning, this account safeguards the bulk of your funds for your golden years.
2. Akaun Sejahtera (15%): Designed for life’s milestones, this account allows pre-retirement withdrawals for significant expenses like housing, higher education, and health needs.
3. Akaun Fleksibel (10%): Your financial safety net, this account provides flexibility for emergency withdrawals to meet unexpected short-term needs.

The Bigger Picture: Financial Literacy as a National Asset

As Malaysia celebrates its national days, EPF’s initiative serves as a reminder that financial literacy is not just an individual asset – it’s a national one.

By fostering a generation of financially savvy Malaysians, EPF is contributing to the country’s economic resilience and prosperity.

In the spirit of “Boleh tak, Mak?”, perhaps it’s time for all Malaysians to ask themselves: “Can we take charge of our financial future?”

The answer, with the right tools and knowledge, is a resounding “Yes, we can!”