Women and Kishoris Take One Step Towards Saving for the Future

Snehajyot Samaj Kendra initiated Financial Literacy with Women and Kishoris in order to inculcate within them a habit of savings and plan for the future. The topics covered were on the concept of Saving, Budgeting and Planning.

Date	Module	Target Group	Resource Person	Total No.
02/08/2015	II	Women (Subhechya SHG,Mhotagoan)	Ms Velenciya (CCO Uttan)	08
03/09/2015	I	Women (New Suvarna SHG, Patan)	Ms. Sanjina (CCO Uttan)	09
15/09/2015	III	Kishoris (Adolescent Girls)	Ms Velenciya and Ms. Sanjina (CCO Uttan)	50

Module I: Why Save?

• Importance of Saving

Module II: Why Budget?

• Identified current spending habits 
• Analysed daily expenditure 
• Explained the difference between needs and wants
• Relation between Budget and Saving.

Module III: Financial Planning:

• Identified Essential and Non-Essential Expenses
• How to reduce the expenses
• Needs, Wants and Vices.

The sessions were conducted by Ms. Velencia and Ms. Sanjina, the staff from Snhajyot Samaj Kendra, the Uttan CCO.

The participants were able to understand the need for savings and inculcate the habit of savings through planning for their expenditure through very practical steps of preparing a budget that is applicable to their lives.



The participants responded very enthusiastically as the sessions were interactive and interesting.

One group of women, Subhechya SHG were so enthused with the session that they decided to open a separate account in to which they would start by saving Rs. 20 on a daily basis.

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Report by Sr. Martha CSA, Ms. Velenciya and Ms. Sanjina.