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Teaching Students Financial Responsibility

Teaching Students Financial Responsibility

The KwaZulu-Natal Financial Literacy Association (KZNLA) in partnership, in association with Old Mutual and the Durban University of Technology’s Journalism Programme, have launched Young Money, a publication putting student money matters in the spotlight.

The launch took place yesterday (30 September 2015) at the DUT City Campus.

The articles, which are written by DUT Journalism students and financial education experts, address issues such as cell phone contracts, alcohol purchases, debt as well as budgeting and saving.

In the publication, SA Idols host and rapper, Proverb, shares his spending habits, while DUT student entrepreneur Mhleli Mkhize speaks about how he combines his studies with his business.

“Young money is no preaching,” said KZNFLA Executive Director Christ Naude. “It’s simply teaching good money habits, encouraging students to look for sound money making and money saving opportunities. It’s a case of stretching your beans to budget for your beer money or that gorgeous pair of shoes, but ultimately to encourage long-term saving and investment. When you established good spending habits while young, you will be able to survive financially and most importantly build your own wealth,” she said.

DUT Journalism Lecturer, Advocate Robin Sewlal said, “It’s good to hear the financial world from the students’ perspective. It’s important for students to know about the financial world, such as bank statements, etc,” he said.

– Mxolisi Ntanzi

Pictured: The KZN Financial Literacy Association team and DUT Journalism students.

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