volume i-b: learner’s calculation supplement · the question of session 10 is: session 10 session...

FINANCIAL EDUCATION PROGRAM (FEP)National G2P Cash Transfer Program

Volume I-B: Learner’s Calculation Supplement

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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




















Learner’s Calculation Supplement

3

Session 1


45

40

70

100

15

10

7050

4

Session 1


15 15

70 70

4025

5

Session 1


70

50

6

0

What are ourhousehold’s incomes?

The question in session 4 is :Session 4

6




Session 4 : What are ourhousehold’s incomes?



















Session 4 : What are ourhousehold’s incomes?

















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


100

50 50

50

10010050

75

50 50 + 10 = 60

50 + 10 = 60 50 + 10 = 60


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

What are ourhousehold’s expenses?


10





Session 5:What are ourhousehold’s expenses?



















Session 5:What are ourhousehold’s expenses?

















50 30 20 20

35 35 50 90

50 20 20 70


3045 3050

35 35 50 90

50 30 30 100


10 10 10 10

15 15 15 20

25 10 10 40


20 10 10 10

35

35 20 10


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

How to match expenses with

incomes?


16





Session 5: What are our household’s expenses?

Session 6: How to match expenseswith incomes ?



















Session 6: How to match expenseswith incomes ?















Step 1 : Incomes

May June July August

Session 6

17 Learner’s Calculation Supplement

110 100 150 160

Step 2 : Incomes and expenses


Session 6


85 85 150 200

110 100 150 160

Step 3 : Preliminary result

1540


Session 6


110 100 150 160

85 85 150 200

25 0

Solution 1 : Expenses to be eliminated or decreasedMay June July August

Session 6


110 150100 160

85 85 150200 – 40 = 160

25 15 0 0

Solution 2 : Transferring of incomes


Session 6


110 100 150 160

110 100 150 160

85 85 150 200

25 15

40

0 0

Solution 3 : Increasing of incomesMay June July August

Session 6


110 100 150 160

40

85 85 150 200

25 15 0 0

Solution 4 : Combined solution (Solution 1,2 and 3)


Session 6


110 100 150 160

110 100 150 16010 10

0

85 85 150 200-20=180

25 25+15=40-10=30 0

What needs to be donein case of an

unexpected event?


24







Session 7: What needs to be donein case of an unexpected event?



















Session 7: What needs to be donein case of an unexpected event?














Step 1: Budget as adjusted in the last session



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

Step 1: Budget as adjusted in the last session



110 100 150 180

110 100 150 180

85 85 150 180

25 25+15=40-10=30 0

Session 7

14

Solution 1 : Cut or decrease expensesMay June July August

Session 7


180-14=166

110 100 150 180

85 150

25 0 180 - (166+14)= 0

14

25+15=40-10=30

85


Session 7


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

How to save money?

29









Session 8:Why save money?

Session 9: How to save money? Session 10: Where to save money?

















Session 8:Why save money?

Session 9: How to save money? Session 10: Where to save money?











Advice 1: Put small amounts asideeach month from earned income

30

Session 9


January February March April


September October November December

31

Session 9


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

Advice 2: Transfer part of ourwindfalls in our savings

32

Session 9





33

Session 9


1 1

1

1

1 1+1= 2

2+1= 3

3+1= 4

Advice 3: Reduce less necessaryexpenses to top up our savings

34

Session 9





35

Session 9


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

Advice 4: Combined strategies (1, 2, 3)

36

- - - - - - - - - - - - - - - -


- - - - - - - - - - - - - - - -



Session 9


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

Where to save money?

37









































38

Session 10


✕ 6 years = 48

✕ 6 years = 60

2 2 2 2

2 2 2 2+ + +

+ + +

8

10

Why borrow money?

The question of session 13 is:Session 13

39








































Why not borrow?

Session 13


Session 13


40

25

Session 13


4025

15

Session 13


15 15 15 15 15

Why borrow?

Session 13


Session 13


2545

Session 13


45

20

25

Session 13


20

5

15 10 5 0

5 5 5

Understanding termsof borrowing

The question of session 14 is:Session 14

48














Session 14: Understanding termsof borrowing



















Session 14: Understanding termsof borrowing







49

Session 14


6 6 6 6

24

7 7 7 7

28

+ + +

+ + +

20

20

50

Session 14


+ + +

+ + +

+ + + + +

5 5 5 5

3 3 3 3

3 3 3 3 3 3

20 3020

20

51

Session 14


5+5+5+5=20

5+5=10

20

10

5 5

5 5 5 5

+

+ + +

45

45

35

25

Comparing terms of loan

52









































53

Session 15


30

36 20

6 6 6

6 6 6

5 5 5

5

+ + +

+ +

+ + +

1745 45

15 28

54

Session 15


27 20

5 5 5

5 5 5

6 6 6

630 24

+ + +

+ + +

+ + +

25187 0

4545

Negotiating with a lender

55









































Advice 1: Select based on the interest rate and the amount to pay back at loan maturity.

56

Session 16


20

20

6 6 6 6

7 7 7 7

24

28

4

20

8

20

+ + +

+

+

+ + +

57

Advice 2: Select on the basis of loan maturity and the payback amount per period.

Session 16


7 7 7 7

4 4 4 4 4 4 4

28

28

++

+ + +

+ + + +

Communicating withconfidence

58



















Session 18: Communicating withconfidenceSession 19: How to use mobile money


















Session 18: Communicating withconfidenceSession 19: How to use mobile money


59

Session 18


5 0 0

60

Session 18


61

Session 18


5 5 550 0

Thank you!

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volume i-b: learner’s calculation supplement · the question of session 10 is: session 10 session...

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