Every year the World Savings Day is globally celebrated on October 31, to call attention to the importance of savings as a way to reduce poverty, promote financial literacy, and educate people about saving and managing their finances. Aflatoun International, in partnership with the World Savings and Retail Banking Institute (WSBI), celebrated this day by carrying out several activities and campaigns under the theme: ‘When you save a bit, big things follow.’
Children and young people at Aflatoun clubs learn the virtue of saving and managing their finances together with entrepreneurial skills as a prominent part of the Aflatoun curriculum. We asked students, “what great things happen when you saved a bit?” and “what did you learn and experience about savings during the COVID-19 pandemic?” We were glad to receive many inspiring stories from children and young people not only about their efforts to earn and save money but about the ways in which they choose to use their savings. From Regina, who started her social enterprise, to Sheryl, who built a house for a widow from her community – read their inspiring stories here.