First day of our TOT focusing on helping vulnerable families, in Phnom Penh, with our partner ICS-SP at Vipassa:
1) What is financial education and what does it aim to?
1) What is financial education and what does it aim to?
Matching problems and solutions |
Matching problems (financial or others) with solutions … |
… which helps define what financial education is about, and… |
… stress the importance of needs assessment. |
reflection on short term solution vs. prevention |
2) Empathy
Small shop game: building empathy … |
…and understanding the difficulties faced by families who live on a small business income. |
3) Experiencing our module on debt, which is a major issue for most families (poor or less poor) in Cambodia:
Story: why do we have debts? |
Impact of debt on other expenses – We also discussed how debts grow, and the impact of debt on others. |
Getting out of debt, step by step. We started with an easy step by step process: a journey |
then applied the same step by step approach to paying back debt |
Budgeting to pay back debt |
Avoiding debt: matching reasons for debt and prevention |