Winnie, our Mentoring and Career Guidance Coordinator, arranged for the training, with the aim that we can train our students in Financial Literacy during the school holidays before Christmas.
The training was very interactive, and a range of learning methods was encouraged; structured games, dancing and singing made the training fun and memorable.
The training course was called Life Poa Financial Capability Training, which was developed under the YouthSave Project by Save the Children Canada. Life Poa means a prosperous life. The YouthSave Project is an international initiative to study youth demand for savings and to satisfy the demand by developing commercially viable services in conjunction with local financial institutions.
The course gives young people a foundational understanding of how to manage personal finances, as financial literacy is an important factor in achieving life goals.
The course involves presentations and group discussion about money habits, understanding where money goes and thinking practically about money towards realizing our dreams, good and bad spending, the importance of saving and personal goal-setting. There is a module about Banking services, which explains how to keep money safe, how banks work, and can involve a tour of a local bank.
“The training was so good, and it gave us a new sight about finance,” Winnie says. “We are going to teach our children the discipline of saving money and starting their journey to Life Poa.”