World Savings Day
Here are 5 savings accounts that can get you started.
World Savings Day: 2.5bn People Have No Access to Formal Financial Services - Are They Missing Much?
Financial enfranchisement and saving is the most effective way to reduce the number living in poverty. For those living on less than $2 a day, which is less than my daily coffee, there are now grass roots programmes in place to create a savings culture.
If you are poor, living at the margins of society and excluded from financial institutions, can you really save? Do you have any 'spare' money? And if you do, can you save enough to make a difference? We often assume the answer is 'No', but I speak from personal experience when I say that the answer to these questions is emphatically 'Yes'.