Who Said Pigs Can’t Fly? A Learner- Centered Approach to Emergency Savings

Sonya Caesar

Chapter Chapter 13 in A Fragile Balance, 2015, pp 201-211 from Palgrave Macmillan

Abstract: Abstract As suggested by a number of authors in this volume, patterns of low saving, including for shorter-term contingencies, is of growing concern. This chapter introduces the concept of micro-saving for relatively small consumption emergencies. Micro-savings are small in scale—saving in terms of coins rather than bills. Micro-savings can be particularly useful for lowerincome populations, who may struggle to save in larger increments, and can enhance their ability to weather unexpected financial storms. It can also begin to transform attitudes about savings and potentially enhance financial capability.

Keywords: Community College; Financial Literacy; Saving Account; Financial Capability; Financial Education (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-48237-2_13

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DOI: 10.1057/9781137482372_13

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