A University of Hong Kong Capstone Project
The Guide
The Green Personal Finance Guide's purpose is to encourage personal financial management and introduce the emerging world of green finance.
We will share international and Hong Kong-specific terms and products. To encourage student financial literacy, the guide includes introductory materials tailored towards students, but anyone from life's different stages can find relevant tools.
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We are MSc students genuinely interested in sustainability, not financial experts, but we will share tools developed by other accredited financial organizations. Let's learn together.
Olivia and Diego (MSc Env. Man. Candidates, 2021)
Project Background
To meet our program's requirements, we are asked to complete a capstone project. From our research, we realised that there are many green finance resources for institutional investors and governments, but limited resources for individual citizens or students who are beginning to plan their futures. We created an website where students can easily access resources to guide their planning process.
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Students are also well positioned to take advantage of compound interest, as seen in the example below.
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In this example from the Investor and Financial Education Council,
"Vivian and Thomas are both 25 years old. Vivian invests HKD10,000 at an annual compound interest rate of 5.5%. When she turns 50, her investment will have grown to HKD38,134. Thomas waits until he is 35 to invest HKD10,000 at the same interest rate. By the time he reaches age 50, his investment will be worth HKD22,325.
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Even though they both invested the same amount, Vivian gave her money more time to grow. She earned a total of HKD28,134 in interest, while Thomas earned only HKD12,325" (IFEC, 2021).
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We plan to keep developing and maintaining this website even after graduation. As we ourselves are students, we hope other students can expand their knowledge on green and personal finance and stay up to date with new concepts or market trends.
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Comparative Savings Chart (IFEC, 2021)
References
IFEC. 2021. Saving for the Future. The Chin Family Blog [Online]. Available from: https://www.ifec.org.hk/web/en/moneyessentials/savings.page [Accessed 26 February 2021].