Financial & Entrepreneurial Education
Financial & Entrepreneurial Education
Personal financial education skills relevant to the repatriation context
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(Knowledge & skills: Planning and managing finances)
Be able to answer the question: “What do I want to do with this money in the first 3 months?”
Set a clear goal: personal reintegration, starting a business, covering rent costs, purchasing equipment.
Activity: “My 90-Day Plan” with “3 areas: Urgent – Necessary – Investments” – sheet with 3 objectives and concrete steps
(Knowledge & skills: Budgeting, fixed vs variable expenses, value of money and real prices)
Understand the difference between fixed, variable, and unexpected expenses.
Be able to budget for the first 3 months using the amount provided.
Activity: Budgeting – “Choose what you will pay for with $1,200 for 90 days.”
(Attitudes: Being realistic, making informed decisions)
Determine the benefits and disadvantages of financial choices you could make once you are repatriated.
Assess the risks you may expose yourself to with the choices you make (e.g., starting a business now or saving money for rent).
Activity: ”If I choose X, do I give up Y?" – mini-simulation with scenarios.
(Attitudes: Being realistic, forward-looking, delayed gratification, financial responsibility)
Distinguish between immediate (transitory) consumption and investment (sustainable: equipment, tools, resources for production, etc.).
Avoid spending money quickly and without planning.
Learn how to use a limited amount of money to cover essential needs + investments for the future.
Activity: “Investment or expense?” – classification gameÂ
(Skills: Managing risks, Building resilience)
Understand why it is important not to spend everything immediately.
Save money for unforeseen circumstances (illness, loss of customers, theft, destruction, etc.). Recommendation: 10–20% of the amount should be set aside for emergencies.
Activity: Risk scenarios – “What do you do if...?” with multiple choices
(Knowledge & skills: Earning income, Basic entrepreneurship)
Learn why many successful reintegrations are based on micro-entrepreneurship (e.g., selling food, renting surfboards, repairing bicycles, washing clothes, mobile tailoring).
What product or service can they offer, at what cost, where, and to whom?
Activity: Canvas Business PlanÂ
(Attitudes: Seeking advice, using resources, using local knowledge)
Find out who you can ask for support: relatives, friends, local microcredit networks, micro-communities.
Learn that you are not alone and that it is okay to ask for help.
Activity: “Reintegration map” – “Who can help me and how?”