Finance Micro Management

By | 1st October 2017

The overall vision that I have is to help people help themselves, that they can improve their condition. Through my travels, I have come to realise that sometimes part of the issue is not necessarily money itself but money management. Both in Africa and in Europe…

I am not a finance person… far from it! But I look at my budget, I make choices, I compare prices…

One of the issues in Africa, is poverty. For a lot of people, there is no or little money.
But sometimes, there is also gross misconception of cost and affordability.

Over time, I have come across people who could not afford to buy something but who did have a little money… I am not talking about those who literally have nothing in term of cash. This is a different story…

But the perception of cost and available funds is an important point. There are things that we can’t afford at all, but there are some that we could if we look at things differently.

One of the first things to look at is what is essential and what is not… and we will all have different answers. Still, I believe that you can’t complain that you can’t afford to eat when you can afford sweets and soft drinks. My point of view… Maybe because I don’t eat sweets and don’t drink soft drinks… But still…

A soft drink is around €0.50 – One egg is around €0.10
I choose the egg anytime…

And so, in some occasions, I have shown people the money they have, where it is going, how they could afford something that they say they can’t… I have shown that we sometimes have to make a choice about what you want to buy or when we buy it…

My lesson here is to make people think about the money they have and don’t assume that others have more… They might just manage it differently…

This “project” is about those small stories of teaching about basic finances… What we see as improvement is only down to how the individual applies it and what is important to him/her.

Maybe someone will choose soft drink over egg… but now, they make the choice as to what is actually important and they feel better about their condition (they can have a soft drink).

Most of us, in Africa or in Europe, do have to make choices about where we spend money. Is it clothes, shoes, fancy bath foam or gadgets? Even for food, we might choose to spend more to buy out-of-season or foreign dishes.

Who can really always afford anything they want when they want it?

This article is the main page linking the Budget projects on Bee the Solution website. Find out the stories behind this project at Finance Micro Management Stories.

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