Professor Linda de Vries from the University of the Western Cape is using an unconventional tool to teach financial literacy to underprivileged women. Her innovative approach involves Lego blocks to illustrate the financial aspects of running a business.

Women from various communities learn about effective business management from Professor de Vries and her team. Using Lego blocks with assigned values and colors, the women gain insight into the material and financial requirements for their businesses. For example, a Lego block represents the cost of a specific item, helping them understand expenses.

Professor de Vries emphasizes the importance of cash flow, future projections, and understanding their financial position. She teaches liquidity, solvency (the ability to pay debt), and profitability, vital concepts in business.

The innovative approach has had a profound impact on these women, changing their lives and attitudes towards education.

Professor Linda de Vries’s unique teaching methods have proven to be a powerful tool for empowering women with financial literacy, encouraging them to become financially independent entrepreneurs.

You can ready the full story here: Lego used to teach financial literacy (iol.co.za)