Youth Empowerment in Nagaland: Moneybar & Global Shapers Kohima Literacy Workshop

Money decisions are becoming more digital, more complex, and more important than ever. Yet many young people still enter adulthood without learning how to manage money, avoid scams, or make confident financial choices. That is why the Financial & Digital Literacy Workshop conducted by Moneybar and the World Economic Forum’s Global Shapers Kohima Hub with the youth of Chiechama, Nagaland, carried real meaning. It was not just a workshop. It was a practical effort to equip young people with the knowledge and confidence needed to navigate money and technology in everyday life.

How Moneybar and Global Shapers Kohima Empowered Youth in Nagaland

The Financial & Digital Literacy Workshop with Chiechama youth was designed to answer a growing need, helping young people understand money and digital finance before poor financial habits take root. Moneybar partnered with the World Economic Forum’s Global Shapers Kohima Hub to design and deliver a workshop focused on practical financial awareness and digital literacy.

The session covered real-world financial topics including:

• Online scams and fraud awareness
• Loans and responsible borrowing
• UPI and digital payments
• Money management and budgeting
• Digital financial behaviour
• Smart financial decision-making

Rather than teaching finance through complicated theories, the workshop focused on everyday realities. Young people today make digital payments, encounter online financial offers, and interact with technology regularly. Without proper guidance, these experiences can create confusion and financial risk. The workshop directly addressed these challenges.

Why Financial and Digital Literacy Matters for Young People

Most people are never formally taught how to manage money. Schools often focus on academic achievement, while practical financial education receives little attention. As a result, many young adults struggle with budgeting, borrowing, spending habits, and online financial safety. Financial and digital literacy help bridge this gap. These skills support young people by helping them:

Build Better Money Habits

Healthy financial habits start early.

Understanding budgeting and money management helps young people become more intentional about spending and saving.

Navigate Digital Finance Safely

Digital payments and UPI systems are convenient, but they also carry risks.

Knowing how digital transactions work and recognising fraud warning signs can protect individuals from financial loss.

Make Smarter Financial Decisions

Whether taking a loan, using digital payments, or planning expenses, financial knowledge supports more confident and informed decisions.

Develop Long-Term Confidence

Financial confidence is not about being wealthy.

It is about understanding money well enough to make decisions without fear or confusion.

A Workshop Built Around Real Conversations

One of the most meaningful aspects of the Chiechama workshop was the atmosphere of participation and openness. Designed and delivered by Moneybar, the session created space for practical conversations around money and digital finance. Instead of one-way teaching, the workshop encouraged discussion. The youth of Chiechama participated actively, asking questions, sharing perspectives, and engaging openly around financial choices and digital experiences. This peer-driven engagement made the learning experience more relatable and impactful. Moneybar founder Paweü Kayina also acknowledged and appreciated some of the most participative participants during the session, recognising their curiosity, involvement, and thoughtful contribution to the conversations. The recognition highlighted an important truth, financial learning becomes stronger when participation is encouraged.

How Moneybar Uses Behavioural Finance to Create Real Financial Awareness

Moneybar is more than a financial education platform. Its work is rooted in behavioural finance. Behavioural finance focuses on understanding how people actually think and behave around money. Most financial struggles are not caused by lack of intelligence. They are often influenced by emotions, habits, impulsive decisions, social pressure, and limited exposure to financial learning. This is where Moneybar takes a different approach. Moneybar functions as a peer-to-peer discussion and behavioural finance platform that helps people build healthier relationships with money.

The organisation designs:

• Financial literacy workshops
• Interactive seminars
• Community-based financial discussions
• Behaviour-focused learning experiences

The goal is not merely to explain finance. The goal is to help people understand their financial behaviour. This approach matters because financial knowledge alone does not always change behaviour. Conversations, reflection, and practical application do. The Chiechama workshop reflected this philosophy clearly. Participants were not simply listening to information, they were engaging with money concepts in ways that felt personal and practical.

Why Behavioural Finance Matters More Than Traditional Financial Advice

Many financial education programs focus only on numbers. Behavioural finance focuses on people. This difference matters. People do not always make financial decisions logically. Emotions often shape spending, borrowing, and saving patterns.

Behavioural finance helps individuals:

• Understand spending triggers
• Recognise unhealthy money habits
• Build sustainable routines
• Improve financial discipline
• Make more mindful financial decisions

This works because financial wellness depends not only on knowledge but also on behaviour. Moneybar’s model recognises this human side of finance.

Building Stronger Financial Awareness Across Nagaland

The collaboration between Moneybar and the World Economic Forum’s Global Shapers Kohima Hub represents an important step toward stronger financial awareness across Nagaland. Community-driven initiatives like these create impact beyond a single workshop. A financially informed young person often influences family, peers, and future communities. That ripple effect matters. As digital finance continues to grow, conversations around financial literacy, borrowing, budgeting, and online safety become increasingly important. Workshops like this help ensure that young people are not left navigating these challenges alone.

Financial Education Should Feel Practical, Not Intimidating

Many people avoid financial conversations because they believe finance is too difficult. The Chiechama workshop challenged that belief.

The session demonstrated that financial education can be:

• Practical
• Conversational
• Relevant
• Inclusive
• Easy to understand

This matters because learning becomes more effective when people feel comfortable asking questions and sharing experiences. Moneybar behavioural finance approach supports exactly that environment.

FAQs

1. What was the purpose of the Moneybar and Global Shapers Kohima workshop?

Ans: The workshop aimed to improve financial and digital literacy among the youth of Chiechama, Nagaland through practical learning and open discussion.

2. What topics were covered during the workshop?

Ans: The session covered online scams, fraud awareness, loans, borrowing, UPI and digital payments, money management, budgeting, and financial decision-making.

3. What is behavioural finance?

Ans: Behavioural finance studies how emotions, habits, and psychology influence money decisions and financial behaviour.

4. How does Moneybar help young people?

Ans: Moneybar designs workshops, seminars, and peer-to-peer financial discussions that help participants build healthier financial habits and greater money confidence.

5. Why is financial literacy important for youth?

Ans: Financial literacy helps young people manage money responsibly, avoid scams, make informed decisions, and develop long-term financial confidence.

Learn, Discuss and Build Healthier Financial Habits

Financial confidence does not come from guessing. It comes from conversation, awareness, and practical learning. Through behavioural finance, peer-to-peer discussions, workshops, and community engagement, Moneybar continues to create spaces where money conversations become easier and more meaningful. If you believe stronger communities begin with stronger financial awareness, explore how Moneybar is helping young people navigate money with confidence and build healthier financial habits for the future.