The Road to Sustainability
Learning how to manage money is an important step for families if they are to travel the road toward financial sustainability. Recently, some of our BSF families in Thailand have been learning how to do just that.
Chiangmai City Gate Church, one of BSF's co-partners in Thailand, ran a special training day on Money Management for 16 families from their Mae Hia and Tha Wang Tan projects. During the training, families learned how to create an accounting book to track their household income and expenses.
They were encouraged to reduce debt, open a bank account, and start saving for future goals. Children were also given a money box and encouraged to start saving small amounts from an early age.
While adults participated in the Money Management training facilitated by a special guest speaker, the children had some fun of their own doing specialized art activities that helped them learn more about handling and saving money.
All of the BSF participants learned so much during the training and felt greatly encouraged. Sunee said, "I have gained so much more knowledge about managing money and planning to save for the future. Thank you for providing this opportunity for us to learn. It is so helpful for our family."
To build on this foundational training and help our beneficiaries move further along the road toward financial sustainability, BSF is also working together with each family to establish successful livelihoods. That is when the application of this training becomes really important!
BSF is a partner for project J1079 & J1102 with Australian NGO, Global Development Group (ABN 57 102 400 993). Donations to BSF through Global Development Group are tax deductible in Australia, NZ, and the USA.