YOUNG MONEY LAUNCH
By: Nosipho Ntombela
The KwaZulu-Natal Financial Literacy Association (KZNFLA), in partnership with Old
Mutual and the Durban University of Technology’s Journalism Programme, launched its first publication called YOUNG MONEY.
The publication is aimed at educating students about using their allowances wisely, and also learning to save money at an early stage.
The articles are written by journalism students, including Karinda Jagmohan, Nqobile Msomi, Sonia Hendricks, as well as other financial education experts.
According to the KZNFLA Executive Director, Christi Naudé, YOUNG MONEY is not preaching, however it is simply teaching good money habits and encouraging students to look
for sound money making and money saving opportunities.
“It is 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 have established good spending habits while young, you will be able to survive financially and most importantly build your own wealth,” said Naudé.
Durban University of Technology journalism student, Karinda Jagmohan, said that she has learnt so much as a journalism student and also personally by working on YOUNG MONEY.
“I am already putting theory into practice with my own money. This publication is really beneficial to all students at all institutions,” added Jagmohan.
Old Mutual Consumer Education Head, John Manyike, stressed that it is the “each day and each buying decisions” you make that will either let you build your wealth or not.