After our training workshops in Burkina Faso, Senegal and DR Congo, we conducted a survey on what the participants changed in their way they manage money: the main change noted spontaneously by all the people who answered the survey: expenses management: less unnecessary expenses. 77% have reduced their debts. 62% increased their savings. 69% have not…
Friends-International Laos team provided money management training in Vientiane, Laos. Money management is an integral part of FI’s job readiness training, which teaches people essential skills in preparation of getting an employment. The money management training was created following FI’s participation in a+b=3’s financial literacy workshop.
Second and last session of the financial literacy programme for ESL adult students at Metro South Adult Basic Education (Bloomington and Eden Prairie, MN): after reviewing the topics of the first session (importance of writing down expenses, budget and daily spending limit), students learned more about credit cards: the process, the costs, and what happens…
From April 8 to 10, Enfants du Mekong’s social workers and trainers attended a training workshop to help them roll out a programme on money management for their scholars. Lenlen Mesina, our long-term partner Enrich’s advisor, facilitated these 3 days. The programme consists of four workshops – one per university year- where gradually students will…
Budgeting skills for ESL adult learners In January, each class of Metro South Adult Basic Education ESL students in Bloomington, MN, took part in a workshop on budgeting. This week, this is Eden Prairie’s students’ turn to practise prioritising and planning expenses and saving for yearly expenses. It was nice to see participants discussing and…
On March 31st, we conducted an introduction workshop on money management with Borey Komar (Children of Asia)’s children in Phnom Penh. Children were split in three groups according to their age group. The youngest were shown a cartoon in Khmer telling the story of two children, one managing his money and one mismanaging it. Children…
“I think it was important because it allowed us to have notions about financial management for the future. We have already started with the school government. “The advantage lies in time management first, in our finances by making the difference between what is needed and what is futile – in a word, saving money.” “A…
On the fourth day, the participants set up and ran a small business and were able to practise making a plan, set selling prices, manage supplies, build the shop to attract customers, sell, and of course keep the accounts and calculate earnings. A busy morning. Fifth and Last Day: Setting up a Business (Continued):…
The second day of our training for women entrepreneurs was devoted to following the case of a soap merchant (how to forecast sales, how to increase sales, how to calculate capital and how much to pay oneself). Then we practised how to prioritise personal and family expenses and make a budget. The third…
For this first morning, through the story of Esengo who makes and sells soaps, we focused on the essentials to manage a small business: the importance of bookkeeping the accounts and how to do it, why separate personal accounts from business accounts, how to calculate a profit, how to cover fixed costs, how to calculate…