Solomon Peni, a 32-year-old Youth Empowerment Project Officer and driver from the Western Highlands, is living proof that financial literacy can change lives. A husband and father of two, Solomon attended a Financial Literacy Training course delivered by CEFI from 3rd to 7th March at the CEFI Office in Port Moresby. The modules focused on savings and budgeting two topics that would change how Solomon viewed and managed his finances.

Before the training, Solomon admits his spending habits lacked direction. “I used to spend without planning or thinking about long term consequences,” he reflects. However, the training marked a turning point. With the skills gained, Solomon began tracking his expenses, setting realistic budgets, and cutting down on unnecessary spending.

“The training gave me the confidence to make informed financial decisions,” he says. Not only has Solomon managed to reduce his debt, but he’s also been able to increase his savings. These changes have had a direct impact on his family’s quality of life, more funds are now allocated to essentials like housing and healthcare, offering his family greater financial security and peace of mind.

Solomon found the interactive nature of the training particularly impactful. Real-life case studies and group discussions helped ground the concepts in reality. Now, he is eager to share these techniques with friends and family, promoting a culture of financial awareness in his community.

Despite occasional temptations to overspend, Solomon stays focused by reminding himself of his financial goals. “This training was not just an event it was the start of a lifestyle change,” he says.

Solomon’s story is a testament to the power of education when equipped with the right tools, anyone can build a secure financial future.

Image Caption: CEFI Acting Executive Director (left) presents Solomon his certificate following the completion of the financial literacy training.