Products that remind people to save may improve individuals' ability to take future needs into account, stall unnecessary consumption in the present, and change savings behavior. Furthermore, reminders to save money, such as in the form of a text message or letter, may also encourage people to commit to their savings goals. IPA's research on this topic has evaluated the effectiveness of savings reminders and/or products in a number of countries, including Bolivia, Peru and the Philippines.


In many countries in sub-Saharan Africa, the transition from primary school to high school is costly for students and their parents even when tuition costs are low.

Savings can provide a safety net for the poorest, allowing them to create a cushion against risks, build assets for their future, and smooth income during periods of low income.  However, the...