Financial Education

Good savings behavior requires discipline, Discipline is learned through practice!

Important Factors for Deciding Where to Save When deciding where to save, you should consider the following: Deposit requirements for the savings account. Is there a minimum deposit required to open the account? Is there a minimum balance required to keep the account open? Are small deposits accepted? Can variable sums be deposited? Can deposits be made frequently? What paperwork is required? Terms of use. Is the saving program compulsory or voluntary? Do you have to commit to saving a set amount at regular intervals or over a certain time…

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Financial Education

VietED MicroFinance: Savings You Can Do It!

Definition of Saving Savings is money put aside by an individual or household for use in the future. A key to good money management, savings help individuals and households manage risk, deal with emergencies, smooth income, build assets, and meet financial goals. People save by putting money aside when it comes in and by spending less when it goes out. Reasons to Save “… there are many times when poor people need sums of money that are bigger than what they have in hand. The need for these ‘usefully large…

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