Financial Wellness Workplace Program
Research shows that Namibia’s general population lacks financial knowledge and understanding.With this background, the Financial Literacy Initiative (FLI) is introducing its Financial Wellness Workplace Program to organizations.
The FLI believes that an employee’s financial wellness is just as important as his/her physical wellness.The FLI’s Financial Wellness Workplace Program targets employees in the public and private sector, including SMEs.
The Wellness Program uses a “Training-of-Peer Educators”-approach. The trained Peer Educators conduct the different training modules/sessions with their colleagues. The FLI also maintains a Monitoring and Evaluation (M&E) framework which is regularly updated and is designed to provide reports to the company or organization implementing the Financial Wellness Workplace Program.
Financial Wellness Workplace Program
Examines topics that relate to household saving, financial behaviour, borrowing decisions, and other financial choices.
Lays the foundation for the next sessions by introducing the participants to the concept of “spending money wisely”. This session explains the basics of saving and budgeting and taking wise decisions when it comes to spending money.
Introduces and gives a theoretical overview of financial terms to build a basis for discussions on financial planning and budgeting.
Examines topics that relate to household saving, financial behaviour, borrowing decisions, and other financial choices.
Provides an insight into formal banking products and conveys basic information needed to choose appropriate banking products (i.e. bank accounts) according to the needs of the participants.
Creates awareness of the importance of number skills in daily life and gives the participants an introduction to the basics of percentage.