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Learn how remote savings mobilization and digital tools can boost financial literacy for young people. Encouraging saving habits and budgeting skills through easy-to-use platforms.
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Using Technology to • Promote the Financial Capability of Young People • 2013 Global Youth Economic Opportunities Conference
Remote Savings Mobilization Young person provides ID and amount to be deposited Handheld printer prints out a receipt of the deposit for the youth and the agent Agent verifies information and enters data remotely through a SmartPhone
Text Messaging • You don’t have money to save? Put aside 25 cents per day and the end of the week you’ll have $1.50. • How much do you spend on soda and candy? A lot! Save that money and buy yourself something special in six months! • Make a monthly budget to manage your income and expenses. And you’ll find out how much you can save.