Course Description
Short-term savings- Generally, your savings goals would be considered short-term if you're planning to use the money within the next five years. Examples of short-term savings goals include paying for a holiday, treating yourself to a new TV or smartphone, and even saving up enough money to put down a deposit on a property.
Savings Banks- A savings account is a basic type of bank account that allows you to deposit money, keep it safe, and withdraw funds, all while earning interest. Some savings accounts offer higher interest rates than others.
This module shall help the participants to learn and understand the meaning about short-term-savings and the different ways how to effectively save money. Furthermore, the participants will learn how to analyze the options regarding short term savings, and which one will be most effective for them personally. Lastly, the participants will be given general money saving tips, tailored to the country they are living in. This module aims for the participants to develop the following competencies:
Learn options to build savings
Understand why is important to save money
aware of risks connected to money-saving issues
Learn to prioritize how to prioritize spending when there is not enough money
Aware of money-saving techniques in country of residence.
