Monday, 7 September 2015

Financial Literacy Training At Savdhaan Samaj Kendra, Manori

Topics:  Importance Of Saving & Building Good Habit To Save Money

Resource Persons:  Ms Rasika Bhandari, Ms Suvarna Bandya & Ms Snehal Patil

Date
Venue
Target Group
Participants
6th September 2015
St. John Zone
Fatima Mahila Bachat Gat
8
6th September 2015
St. James Zone
St Anthony Mahila Bachat Gat
11
6th September 2015
St. James Zone
Bible Mahila Bachat Gat
8

The session began with the resource person giving two examples of housewives Rekha and Jaya.  Rekha lived with her husband and two children. Her husband was the sole earner member in the family. Rekha had a good habit to save money in the bank regularly. Jaya lived with her husband and three children. Her husband was a carpenter by profession and the sole earner member of the family. Jaya on the contrary spends her entire income by the end of every month.
 
It so happened that one day both the families were affected from one unfortunate incident of illness. Rekha's son suffered from Malaria and Jaya son was infected the hepatitis virus. Both children were hospitalized. The cost of treatment was easily borne by Rekha as she had savings however Jaya had to take a loan from her friends.

Using these examples various questions were asked to the participants like ‘why save money?. The participants actively responded with various reasons like its usage for the future, major illness, daily expenses, marriage, boat repairs, education, purchase gold, property etc.

The participants learnt the importance of saving money. The money saved in a nationalized Bank attracts a good interest and serves as a security. A person has access to its record and learns to use money for essentials and save now for a secure future. Thereafter the person can use the accumulated money for any emergency situation or for building assets.

Report by- Ms Rasika Bhandari 

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