Learning to save

As it is important that children learn how to use their money, Colt has initialized a saving system. The children are getting a small daily allowance, which they can save if they want to. When they manage to save the set target amount, they are rewarded a small reward. The money they save gets paid out twice a year, during the main Cambodian holidays, which is the time when the children visit their family. 

Apart from their personal saving accounts, the children also share a joint account. Here, we keep the money that they earn in our recycle project, which they can spent to buy something for the entire group, like a dvd-player, volleyball net or punch bag.