![Page 1: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/1.jpg)
FINANCIAL EDUCATION PROGRAM (FEP)National G2P Cash Transfer Program
Volume I-B: Learner’s Calculation Supplement
Pub
lic D
iscl
osur
e A
utho
rized
Pub
lic D
iscl
osur
e A
utho
rized
Pub
lic D
iscl
osur
e A
utho
rized
Pub
lic D
iscl
osur
e A
utho
rized
![Page 2: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/2.jpg)
Setting financial goals
2
The question of session 1 is :Session 1
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Learner’s Calculation Supplement
![Page 3: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/3.jpg)
3
Session 1
Learner’s Calculation Supplement
45
40
70
100
15
10
7050
![Page 4: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/4.jpg)
4
Session 1
Learner’s Calculation Supplement
15 15
70 70
4025
![Page 5: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/5.jpg)
5
Session 1
Learner’s Calculation Supplement
70
50
6
0
![Page 6: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/6.jpg)
What are ourhousehold’s incomes?
The question in session 4 is :Session 4
6
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are ourhousehold’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are ourhousehold’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Learner’s Calculation Supplement
![Page 7: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/7.jpg)
Learner’s Calculation Supplement7
2 + 98= 100 75
100
50
100
100
25 + 25 = 50 25 + 25 = 50
50 + 20 = 70
2+ 73 + 25 = 100
2+ 48 + 25 = 75
2+ 53 + 25 = 80
![Page 8: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/8.jpg)
Learner’s Calculation Supplement8
100
50 50
50
10010050
75
50 50 + 10 = 60
50 + 10 = 60 50 + 10 = 60
![Page 9: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/9.jpg)
Learner’s Calculation Supplement9
100 + 50 = 150 75 + 60 = 135 50 + 50 = 100
50 + 60 = 110 50 + 50 = 100 75 + 75 = 150
50 + 100 = 150 100 + 80 = 180 100 + 70 = 170
100 + 50 = 150
100 + 60 = 160
100 + 100 = 200
![Page 10: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/10.jpg)
What are ourhousehold’s expenses?
The question in session 5 is :Session 5
10
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are ourhousehold’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are ourhousehold’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Learner’s Calculation Supplement
![Page 11: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/11.jpg)
Learner’s Calculation Supplement11
50 30 20 20
35 35 50 90
50 20 20 70
![Page 12: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/12.jpg)
Learner’s Calculation Supplement12
3045 3050
35 35 50 90
50 30 30 100
![Page 13: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/13.jpg)
Learner’s Calculation Supplement13
10 10 10 10
15 15 15 20
25 10 10 40
![Page 14: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/14.jpg)
Learner’s Calculation Supplement14
20 10 10 10
35
35 20 10
![Page 15: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/15.jpg)
Learner’s Calculation Supplement15
50+50+10+20=130 30+45+10+10=95 20+30+10+10=70 20+30+10+10=70
35+35+15=85 35+35+15=85 50+50+15+35=150 90+90+20=200
50+50+25+35=160 70+100+40=21020+30+10+20=80 20+30+10+10=70
![Page 16: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/16.jpg)
How to match expenses with
incomes?
The question of session 6 is :Session 6
16
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5: What are our household’s expenses?
Session 6: How to match expenseswith incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5: What are our household’s expenses?
Session 6: How to match expenseswith incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Learner’s Calculation Supplement
![Page 17: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/17.jpg)
Step 1 : Incomes
May June July August
Session 6
17 Learner’s Calculation Supplement
110 100 150 160
![Page 18: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/18.jpg)
Step 2 : Incomes and expenses
May June July August
Session 6
18 Learner’s Calculation Supplement
85 85 150 200
110 100 150 160
![Page 19: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/19.jpg)
Step 3 : Preliminary result
1540
May June July August
Session 6
19 Learner’s Calculation Supplement
110 100 150 160
85 85 150 200
25 0
![Page 20: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/20.jpg)
Solution 1 : Expenses to be eliminated or decreasedMay June July August
Session 6
20 Learner’s Calculation Supplement
110 150100 160
85 85 150200 – 40 = 160
25 15 0 0
![Page 21: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/21.jpg)
Solution 2 : Transferring of incomes
May June July August
Session 6
21 Learner’s Calculation Supplement
110 100 150 160
110 100 150 160
85 85 150 200
25 15
40
0 0
![Page 22: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/22.jpg)
Solution 3 : Increasing of incomesMay June July August
Session 6
22 Learner’s Calculation Supplement
110 100 150 160
40
85 85 150 200
25 15 0 0
![Page 23: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/23.jpg)
Solution 4 : Combined solution (Solution 1,2 and 3)
May June July August
Session 6
23 Learner’s Calculation Supplement
110 100 150 160
110 100 150 16010 10
0
85 85 150 200-20=180
25 25+15=40-10=30 0
![Page 24: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/24.jpg)
What needs to be donein case of an
unexpected event?
The question of session 7 is :Session 7
24
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be donein case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be donein case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Learner’s Calculation Supplement
![Page 25: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/25.jpg)
Step 1: Budget as adjusted in the last session
May June July August
25 Learner’s Calculation Supplement
110 100 150 160
110 100 150 16010 10
0
85 85 150 200-20=180
25 25+15=40-10=30 0
Session 7
![Page 26: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/26.jpg)
Step 1: Budget as adjusted in the last session
May June July August
26 Learner’s Calculation Supplement
110 100 150 180
110 100 150 180
85 85 150 180
25 25+15=40-10=30 0
Session 7
14
![Page 27: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/27.jpg)
Solution 1 : Cut or decrease expensesMay June July August
Session 7
27 Learner’s Calculation Supplement
180-14=166
110 100 150 180
85 150
25 0 180 - (166+14)= 0
14
25+15=40-10=30
85
![Page 28: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/28.jpg)
May June July August
Session 7
28 Learner’s Calculation Supplement
180
110 100 150 180
85 85 150
250 194 - (194)= 0
14
25+15=40-10=30
30 – 14 = 16
14
Solution 2 : Use one’s savings
![Page 29: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/29.jpg)
How to save money?
29
The question of session 9 is :Session 9
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8:Why save money?
Session 9: How to save money? Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8:Why save money?
Session 9: How to save money? Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Learner’s Calculation Supplement
![Page 30: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/30.jpg)
Advice 1: Put small amounts asideeach month from earned income
30
Session 9
Learner’s Calculation Supplement
![Page 31: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/31.jpg)
January February March April
May June July August
September October November December
31
Session 9
Learner’s Calculation Supplement
150 135 100 150
110 100 150 160
150 180 170 200
3 3+2 = 5
1 3
1 1 3 3
3 4 4 5
3 2
5+1 = 6 6+3= 9
9+1= 10 10+1= 11 11+3= 14 14+3= 17
17+3= 20 20+4= 24 24+4= 28 28+5= 33
![Page 32: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/32.jpg)
Advice 2: Transfer part of ourwindfalls in our savings
32
Session 9
Learner’s Calculation Supplement
![Page 33: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/33.jpg)
January February March April
May June July August
September October November December
33
Session 9
Learner’s Calculation Supplement
1 1
1
1
1 1+1= 2
2+1= 3
3+1= 4
![Page 34: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/34.jpg)
Advice 3: Reduce less necessaryexpenses to top up our savings
34
Session 9
Learner’s Calculation Supplement
![Page 35: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/35.jpg)
January February March April
May June July August
September October November December
35
Session 9
Learner’s Calculation Supplement
2 1
2 2
2 2 2
2 2+1= 3
3+2= 5 5+2= 7
7+2 = 9 9+2= 11 11+2 = 13
![Page 36: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/36.jpg)
Advice 4: Combined strategies (1, 2, 3)
36
- - - - - - - - - - - - - - - -
January February March April
- - - - - - - - - - - - - - - -
May June July August
September October November December
Session 9
Learner’s Calculation Supplement
3+1= 4 4+2+2= 8 8+1= 9 9+3+1+1= 14
14+1= 15 15+1+2= 18 18+1+3= 22 22+3+2= 27
27+3+2= 32 32+4+1= 37 37+4+2= 43 43+2+5= 50
![Page 37: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/37.jpg)
Where to save money?
37
The question of session 10 is :Session 10
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Learner’s Calculation Supplement
![Page 38: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/38.jpg)
38
Session 10
Learner’s Calculation Supplement
✕ 6 years = 48
✕ 6 years = 60
2 2 2 2
2 2 2 2+ + +
+ + +
8
10
![Page 39: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/39.jpg)
Why borrow money?
The question of session 13 is:Session 13
39
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5: What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5: What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Learner’s Calculation Supplement
![Page 40: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/40.jpg)
Why not borrow?
Session 13
40 Learner’s Calculation Supplement
![Page 41: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/41.jpg)
Session 13
41 Learner’s Calculation Supplement
40
25
![Page 42: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/42.jpg)
Session 13
42 Learner’s Calculation Supplement
4025
15
![Page 43: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/43.jpg)
Session 13
43 Learner’s Calculation Supplement
15 15 15 15 15
![Page 44: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/44.jpg)
Why borrow?
Session 13
44 Learner’s Calculation Supplement
![Page 45: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/45.jpg)
Session 13
45 Learner’s Calculation Supplement
2545
![Page 46: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/46.jpg)
Session 13
46 Learner’s Calculation Supplement
45
20
25
![Page 47: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/47.jpg)
Session 13
47 Learner’s Calculation Supplement
20
5
15 10 5 0
5 5 5
![Page 48: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/48.jpg)
Understanding termsof borrowing
The question of session 14 is:Session 14
48
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding termsof borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5:What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding termsof borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Learner’s Calculation Supplement
![Page 49: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/49.jpg)
49
Session 14
Learner’s Calculation Supplement
6 6 6 6
24
7 7 7 7
28
+ + +
+ + +
20
20
![Page 50: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/50.jpg)
50
Session 14
Learner’s Calculation Supplement
+ + +
+ + +
+ + + + +
5 5 5 5
3 3 3 3
3 3 3 3 3 3
20 3020
20
![Page 51: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/51.jpg)
51
Session 14
Learner’s Calculation Supplement
5+5+5+5=20
5+5=10
20
10
5 5
5 5 5 5
+
+ + +
45
45
35
25
![Page 52: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/52.jpg)
Comparing terms of loan
52
The question of session 15 is :Session 15
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5: What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5: What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Learner’s Calculation Supplement
![Page 53: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/53.jpg)
53
Session 15
Learner’s Calculation Supplement
30
36 20
6 6 6
6 6 6
5 5 5
5
+ + +
+ +
+ + +
1745 45
15 28
![Page 54: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/54.jpg)
54
Session 15
Learner’s Calculation Supplement
27 20
5 5 5
5 5 5
6 6 6
630 24
+ + +
+ + +
+ + +
25187 0
4545
![Page 55: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/55.jpg)
Negotiating with a lender
55
The question of session 16 is :Session 16
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5: What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5: What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating with confidence
Session 19: How to use mobile money
Learner’s Calculation Supplement
![Page 56: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/56.jpg)
Advice 1: Select based on the interest rate and the amount to pay back at loan maturity.
56
Session 16
Learner’s Calculation Supplement
20
20
6 6 6 6
7 7 7 7
24
28
4
20
8
20
+ + +
+
+
+ + +
![Page 57: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/57.jpg)
57
Advice 2: Select on the basis of loan maturity and the payback amount per period.
Session 16
Learner’s Calculation Supplement
7 7 7 7
4 4 4 4 4 4 4
28
28
++
+ + +
+ + + +
![Page 58: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/58.jpg)
Communicating withconfidence
58
The question in session 18 is :Session 18
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5: What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating withconfidenceSession 19: How to use mobile money
Session 1 : Setting financial goals
Session 2 : Why is it necessary to make a budget?
Session 3: Can a budget be prepared without a methodology?
Session 4 : What are our household’s incomes?
Session 5: What are our household’s expenses?
Session 6: How to match expenses with incomes ?
Session 7: What needs to be done in case of an unexpected event?
Session 8: Why save money?
Session 9: How to save money?
Session 10: Where to save money?
Session 11: Saving for retirement
Session 12: When to use savings?
Session 13: Why borrow money?
Session 14: Understanding terms of borrowing
Session 15: Comparing terms of loan
Session 16: Negotiating with a lender
Session 17: Managing continuously repayment of debt and building trust
Session 18: Communicating withconfidenceSession 19: How to use mobile money
Learner’s Calculation Supplement
![Page 59: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/59.jpg)
59
Session 18
Learner’s Calculation Supplement
5 0 0
![Page 60: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/60.jpg)
60
Session 18
Learner’s Calculation Supplement
![Page 61: Volume I-B: Learner’s Calculation Supplement · The question of session 10 is: Session 10 Session 1 : Setting financialgoals Session 2 : Whyisitnecessaryto makea budget? Session](https://reader034.vdocuments.us/reader034/viewer/2022050611/5fb24f7a3b7e5564d9044cf0/html5/thumbnails/61.jpg)
61
Session 18
Learner’s Calculation Supplement
5 5 550 0