The French charity, Enfants du Mekong, invited a+b=3 to run several workshops about money management and business in their Centre in Phnom Penh. Enfants du Mekong and a+b=3 have been regularly working together since 2007 on raising financial literacy in Cambodia and also ran a pilot workshop in the Philippines.
Two workshops on how to manage money were attended by Year 1 students: we started with how to get an income, then moved to how to spend wisely and control expenses. Good habits start early so each student wrote her/his own budget and planned how (s)he could manage her/his food and studies allowance at best to save for the future, even a little, and students also learned about how to avoid debt and what interest is about, and learned practical tips on how to follow one’s budget through using envelopes and/or bank account.
In another workshop, we introduced what to do to start a business: from checking what qualities a business person should have, finding business ideas, assessing the risks and opportunities, understanding the importance of writing a business plan, and a few exercises on calculating a profit and cash flow.
|How to get a job|
|Reviewing needs and wants|
|calculating a budget|