The employees of Liat are gaining much needed Financial Literacy and Money Management best practices, compliments Axcel Finance.
Staff of the regional air carrier took away essential knowledge in key money-life areas including: spending and saving; needs versus wants; setting money goals; expected expenses; tracking cash flow; creating a budget and making a savings plan.
Axcel Finance is aware that people do not often prepare for “rainy days”, therefore, the leading Micro-Finance Institution is recommending that as part of good money management, people save at least 10% of their income.
“We are content with the outcome of the workshop. The Liat employees were fully engaged in what was being said, and we were to able to drive home the key message – to help persons better manage their money and save towards a goal,” said Axcel Finance Business Development Officer for Grenada/Workshop Coordinator, Clive Frederick
He said that the participants provided positive feedback on the workshop saying it was timely and necessary.
“We really appreciate Axcel Finance taking the time to assist us with better managing our money. We particularly love the advice about putting loose coins into a cash pan and opening it at the end of the year”, remarked a Liat employee.
“The advice that Axcel Finance gave was realistic and quite doable. You don’t normally see a Financial Institution giving money saving guidance so we are grateful that Axcel took the initiative to host this workshop,” expressed another participant.
These Financial Literacy Workshops are part of Axcel Finance’s proprietary and flagship initiatives focusing on employees.
“Research, including our own observations and feedback from employers continue to re-emphasise the need for financial fitness in the workplace. It has been proven that employees exhibit good financial habits, including managing their indebtedness, and are more productive both in their lives and performance at work. This is what we want to encourage and where it is lacking we want to provide these employees and employers with the free resource of financial literacy workshops as often as they are needed”, Frederick said.
Following a series of Financial Literacy programmes across the region, Axcel Finance remains committed to increasing Financial Literacy to its clients and the general public.