Financial Literacy newsletter

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Food for thoughts on money and life

Needs and wants have become the pillar of any financial education programmes. If we want to control our spending, before buying something, we should first think whether it is a need or a want. But does that really work? Try to talk about needs and wants to people who live with a few dollars a day- they have to prioritise between needs… and other needs, without any idea if and how much they will earn tomorrow, and what emergencies they may have to pay for. In a workshop, a few years ago, participants classified TV as a need and fruit as a want:  TV was important to get news and fruits were sweet luxury. What about a bike to ride to school? If my family’s income doesn’t allow me to get a bike, it may be a “want”… but if my friends’ parents get a higher income and can afford buying my schoolmate a bike, they consider it a “need”- you can replace bike by uniform, computer, college… how fair is it that things shift from “want” to “need” depending on how much you earn? How do you classify a cell phone? A smartphone? Wedding expenses? Debt? Read further.

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Suggestion Box

Training idea 3: No PowerPoint (c).

Many of our financial decisions are taken… in shops or at the market. What is the likelihood for our brain to remember a PowerPoint presentation we saw a few months or years ago and act according to it? Close to zero- at best. But practising spending – with games -or pocket money when we were kids – is more likely to nudge and shape the way we take decisions. If you are about to run a financial education workshop, forget about the PowerPoint, even forget about a white board, and maximise the time participants will experiment by themselves. Not sure how to do it? Read our insights on how to facilitate a workshop and centre your workshop on what your target group needs and not on what you know and want to “teach” them.
Over the years, we have fine-tuned the participatory methods we use. So don’t reinvent the wheel: get an overview of 21 types of participant-focused training techniques we have been testing for you. Happy Reading!
Don't forget you can find training material and ideas on our online platform . Ask your login! 

a+b=3 news

Our website has been rejuvenated: click and browse our training calendar, our photo gallery and discover how we can help your organisation or company. Don’t miss our resource page: we have listed useful books and added free articles and files to download. Our online training centre is there for you to join- just send us an email to get access to numerous training materials, all ready for you.

Upcoming events: September 26th: INNO has invited a+b=3 to do a presentation on financial literacy and well-being in Guangzhou. October 3rd: one day workshop with France Volontaires in Manila co-facilitated with our Hong Kong partner, Enrich. November 19-28: we run three workshops on financial literacy for youth, financial literacy for low income and micro-business with our Cambodian partner, VBNK, in Phnom Penh. Register online!

Work opportunities: part-time freelance Chinese speaking facilitator; freelance experienced Khmer translator (written work). Please contact us.
Pictures and more on our blog.

Wise Word

"Teachers open the door. You enter by yourself."
(Chinese proverb)
Copyright © 2014 A and B make 3, All rights reserved.

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