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The CONSULTATIVE GROUP to ASSIST the POOREST Form

The CONSULTATIVE GROUP to ASSIST the POOREST Form

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a poor family lives on less than $2 a day and like everyone they want to know they can afford tomorrow they want Financial predictability but the way they achieve it is different from those who are not poor knowing this will give financial service providers the means to create solutions that Ben fit how the poor manage their money here are four examples of how poor people manage their money income shaping this is how the poor shape their income to cover for their regular expenses a bean farmer buys a milk cow even though investing in new farm equipment could bring more beans and a bigger income in the long run this makes Financial sense because for the poor it's not just the size of income the timing matters as well the farmer's Bean crop pays twice a year while milk cows pay daily the farmer willingly sacrifices a higher income for a more frequent income so he can meet each day costs with less stress liquidity farming this is how the poor handle surprise expenses inste

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