Session 2: Benefit of saving

Objective

  • To understand the benefit and usefulness of saving
  • To understand basic method of saving
  • To establish saving goals linked to life course event

Activities

  1. Introduction; Ask participants if they are saving for any purpose or not. Give reference of previous sessions, i.e. what type of life event cost how much and the need of preparation.
  2. Benefit of saving; Ask participants to list up purpose of saving and discuss what they can achieve from each saving purpose. 
  3. Method/Mode of saving; Ask participants to list available method/mode of saving, along with its advantages and disadvantages.
  4. Individual work (Goal setting): Ask participants to set individual goal for saving with priority. Write down on a paper saving purpose, amount, time duration, method and amount to be saved for a week/month/year. Put a paper on which most prioritized purpose is mentioned in a coin purse they made.
  5. Saving tips; Saving tips (e.g. Save before spending, cut unnecessary expenses, reallocate budget, increase income) will be explained to participants and small piece of tips card or sticker will be given to them.
  6. Assignment during coaching; Ask participants to fill the saving form in the “Phuri Phuri Tallao”. Fill the column of amount of saving required for a week/month/year by use of a calculator.

Duration: Total 55 minutes

  • Introduction (5 mins)
  • Development -Benefit of saving, Mode of saving, Individual work, Saving tips (45 mins)
  • Conclusion (5 mins)

Training materials