Artha Foundation : Economic and Financial Research

Born and raised in Kanchanpur, Akash is a highly motivated young man who works as a household worker in Kathmandu. With a family of four; two kids in the middle school with ever-increasing need and frequently varying uniform sizes, he and his wife strive every day to meet their daily needs. For him, money is a temporary mean which comes and goes on a daily basis therefore, saving is hard. When queried, the biggest fear he has about money is a ‘bad investment’. He worries he might get deceived by both, people as well as organizations. This fear has led him to think it’s better to have kept the money with oneself than to take the risk of earning a handful amount of interest.
Their economic challenges have not yet caused any conflict in his family and are managing well but he believes and says in jest, it might be because he hardly gets to spend time with his wife who works for 3 different families. However, if it were to improve, his relation with his wife might get better. He agrees that money, if had enough, is freedom and he wouldn’t be able to choose one among his many dreams given the resources.
He has very much misjudged the idea of financial planning as he thinks it is only done with large sum of money. Also, he says it hardly implies on his family whose income equals the expenditure so financial planning comes in the least of his concerns.
According to Akash, rich people are always prioritized, given more privileges and opportunities are wider for them. The society and the government favors and will continue to favor the rich regardless of all the laws made in the name of equity or equality.

Throwback !
Students with governor program's images

It has some great recommendations with empowering advice for managing money :)
Happy Reading !

5 Ways to Splurge on a Budget | GOBankingRates You've been great about saving and not going on a spending spree, but every now and then, it'd be nice to loosen the budget belt a little. Ever feel that way? It's healthy. In fact, some experts say that splurging or spending freely on something you don't need can be good for you. Financial expert K...

Bishal Kumar Chalise, President of Artha Foundation is in London School of Economics's Blog ! Have a look Folks !

If India wants a meaningful place in the Asian Century it must act big and act now The 1990s saw high and sustained growth for India but this has slowed in recent years. Bishal Chalise writes while that another wave of holistic reforms is required to address structural bottleneck…

Global Money Week, 2016 officially ends here!! Thank-You everyone who have supported the event with direct and indirect participation. We have officially reached the direct involvement of 9155 individuals who have participated in the week long celebration of Global Money Week 2016! Your support values a lot!

Artha Foundation : Economic and Financial Research

Visit to Nepal Stock Exchange with the Students of Kathmandu University :-)

विश्वभरी नै यो साता 'ग्लोबल मनि विक' मनाइँदैछ । खासगरी वत्तीय साक्षरताका लागि सन्सारभरी नै यो कार्यक्रमको आयोजना गरिएको छ । नेपालमा पनि अर्थ फाउन्डेसनले कार्यक्रम आयोजना गरेको हो । यस पटकको मनि विकको थिम 'टेक पार्ट सेभ स्मार्ट' हो, यही थिममा अर्थ फाउन्डेसनले नेपालमा यो साताभरी विभिन्न कार्यक्रमहरु गर्दैछ |

'ग्लोबल मनि विक' विद्यार्थीलाई खुत्रुके, अर्थ फाउन्डेसनबाट अभियान चलाएर बचतको महत्व बुझाइ� काठमाडौं । वित्तीय साक्षरताको क्षेत्रमा काम गर्दै आएको अर्थ फाउन्डेसनले बचत गर्ने बानी बसाउने उद्देश्यले नन्दी हाइस्कुलका विद्यार्थीलाई खुत्रुके वितरण…

Pledging Time!! Global Money Week Special! :-)