Education and Awareness
|Published Date: 28-07-2025
NFLD 2025 - Smarter Financial Management in a Digital World
3 MIN READ
In the era of smartphones and online services, digital finance is transforming how we manage our money. From mobile banking to contactless payments, the tools at our fingertips are more powerful than ever. However, using them wisely is key.
In conjunction with National Financial Literacy Day (NFLD), here are a few tips to help you manage your money better, protect yourself and your loved ones, and make informed financial decisions with the use of simple digital tools:
Define Your Financial Goals
Whether you are planning for further studies, buying a home, retirement, or a dream vacation, your first step should always be to set clear and realistic financial goals. Start by identifying your short-, medium-, and long-term goals. You can use digital tools, such as budgeting applications, to record and measure your progress regularly.
2. Make Saving a Positive Habit, Not a Struggle
Effective saving starts with consistency and discipline. Automate transfers to your savings account before spending. Even small contributions can grow significantly over time. Review your budget regularly and cut unnecessary expenses as needed.
3. Use Digital Payments to Your Advantage
Digital payments offer a fast, safe, and traceable way to manage your spending. From QR codes to online transfers, digital tools help streamline payments and reduce the risks associated with carrying cash. Remember to always keep your devices and apps up to date, use strong passwords, and regularly monitor your transactions.
4. Protect Yourself in the Digital World
As financial transactions become increasingly digital, so do the risks. Remember to only deal with financial institutions licensed by BDCB. Be cautious of scams, never share personal and banking details, and report any suspicious activity immediately.
By utilising digital finance, we can build lifelong financial habits, safeguard our money, and make better decisions. Whether you are starting small or aiming big, every step taken today leads to greater financial resilience tomorrow.
National Financial Literacy Day is a financial literacy event led by Brunei Darussalam Central Bank (BDCB) and supported by the National Financial Literacy Council. Among the objectives of this event are to:
Together, we can create a financially literate and resilient society.
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