We are all living in a fast-paced, social media-driven world. Every day, we scroll through new trends, see what is going viral, and sometimes even wait to see how many ‘Likes’ we get. Without realising it, all this can make us feel left out, anxious, or like we are “not enough” when others seem to be doing better. This is what we call FOMO (Fear of Missing Out). It is that pressure that can push us to make impulsive decisions, like spending more than we can afford just to keep up
On the flip side, there is JOMO (Joy of Missing Out) that teaches us to choose a slower, more intentional lifestyle and being okay with not following every trend. With JOMO, we focus on what actually matters to us and make smarter financial decisions, not because of pressure, but because we know it is better for our future
This whole idea of FOMO and JOMO is what MyDuitStory 6.0 (MDS 6.0 is all about. Organised by the Financial Education Network (FEN), it is a short video competition that highlights how these behaviours affect the way young manage their money
MDS 6.0 is your space to share real, relatable stories that inspire others. It is also a chance to help your friends and community better understand FOMO and JOMO, so they can choose a lifestyle that actually works for them
So, do not miss out! Get creative and make a video that inspires others to manage FOMO and embrace JOMO in their everyday choices
10x Consolation Prizes
*For each winner
Most Participating
University/Institution Award*
*With at least one entry shortlisted among the top 30 submissions
Choice Award
*Based on the highest number of ‘Likes’ on the Financial Education Network (FEN) Facebook, TikTok and YouTube platforms
10x Consolation Prizes
*For each winner
*Based on the highest number of ‘Likes’ on the Financial Education Network (FEN) Facebook and TikTok platforms
Most Participating
University/Institution Award*
*With at least one entry shortlisted among the top 30 submissions
Day(s)
:
Hour(s)
:
Minute(s)
:
Second(s)
20 APRIL 2026
Opens
29 MAY 2026
Deadline
8 JUNE 2026
Deadline
20 APRIL 2026
Submission
Opens
29 MAY 2026
Registration
Deadline
8 JUNE 2026
Submission
Deadline
CAN I JOIN?
You are eligible to participate in MDS 6.0 if you are
a student aged 18–30 from:
- Public and private higher education institutions under the Ministry of Higher Education (universities, polytechnics and community colleges)
- Institutes of Teacher Education Malaysia under the Ministry of Education
- TVET institutions under the National TVET CouncilThis includes Youth and Sports Skills Training Institutes (ILKBS) under the Ministry of Youth and Sports (KBS), as well as TVET and MARA institutions under the Ministry of Rural and Regional Development (KKDW)
(Please refer to the appendix for the list of TVET institutions in the
MDS 6.0 Terms and Conditions)
YOUR INSPIRATION STARTS HERE!
Do you have your own experiences or perspectives on the FOMO and JOMO lifestyle that you would like to share? Turn them into inspiration for your MDS 6.0 submission. Combine your ideas with practical financial management tips in your video. To help you get started, we have provided a few articles to deepen your understanding of FOMO and JOMO
For example, FOMO can lead to impulsive spending and the use of Buy Now, Pay Later (BNPL) services just to keep up with current trends, which may eventually result in mounting debt and financial stress. On the other hand, choosing JOMO helps us build a stronger financial future, such as by creating an emergency fund, increasing savings, or starting to invest
Needs VS Wants
Avoid FOMO in Your Financial Decisions
Young People Need JOMO, Not FOMO
Needs VS Wants
Avoid FOMO in Your Financial Decisions
Young People Need JOMO, Not FOMO
TAKE A MOMENT TO ANSWER THESE QUESTION
Who knows, they might inspire you?
Why do you feel the need to keep up with current trends?
How can we adapt to constantly changing trends and lifestyles without falling into FOMO?
WHAT MAKES A GREAT VIDEO!
Keen to create a video that actually leaves an impact? Make sure:
- Your message is clear, concise and meaningful
- Your visuals are engaging
- It taps into emotions
- The music fits the vibe
- A strong call-to-action
Use accurate info from trusted sources like:
Find your main message and tell the story in your own style. Mix your perspective, experiences and creativity to bring your video to life. Let your content connect emotionally and inspire others, while sharing the message of FOMO and MOJO in a better way!
Ah Kaw Vs Ah Lee
Grand Prize Winner
Pisau
Second Prize Winner
Belanja Berhemat
Third Prize Winner
“Who is eligible to participate in MDS 6.0?”
- Public and private higher education institutions under the Ministry of Higher Education (universities, polytechnics and community colleges)
- Institutes of Teacher Education Malaysia under the Ministry of Education
- TVET institutions under the National TVET Council, including Youth and Sports Skills Training Institutes (ILKBS) under the Ministry of Youth and Sports (KBS), as well as TVET and MARA institutions under the Ministry of Rural and Regional Development (KKDW)
(Please refer to the appendix in the MDS 6.0 Terms and Conditions)
“Can I participate as a group?”
“What are the judging criteria for this competition?”
“What is up for grabs?”
Cash prizes totalling up to RM33,000 await the winners. RM8,000 will be awarded for first place, RM5,000 for second place, and RM3,000 for third place along with consolation prizes of RM1,000 each for 10 winners.
The Top Participating University/Institution Award winner will receive RM5,000, while the Viewers’ Choice Award winner, based on the highest number of ‘likes’ on FEN’s Facebook and TikTok platforms, will receive RM2,000.
“What should I do if I have more enquiries?”
For any further enquiries, please send your questions via email to [email protected]
P.S - Don’t forget to follow FEN on Facebook, Instagram and TikTok for the latest updates on MDS 6.0.
