Young people introduced to culture of savings

Thursday, July 23, 2009

Pietermaritzburg - The KwaZulu-Natal Department of Finance will next week introduce a campaign in schools to instil a culture of saving among children.

MEC for Finance Ina Cronje will launch the campaign on Tuesday at the KwaPata High School and Mthethomusha Primary school in Pietermaritzburg.

During the launch, each learner will receive a savings box to save money at home and an information pack with all the details on saving.

Learners will also be encouraged to share the information with their parents or guardians

The campaign will be rolled out to other schools and targeted groups in the province in a bid to instill a culture of saving in communities

Departmental spokesperson, Musa Cebisa, said the savings campaign aimed to teach learners and socially disadvantaged young people about the importance of saving money.

"The campaign aims to get people of the province to save," he said, adding that the department felt it was necessary to involve young people in the campaign to help them make good choices when it comes to spending.

"The campaign seeks to emphasise the importance of saving money, especially now that communities are affected by the global economic meltdown.

"We believe that it is always better to impart knowledge in children as this will help shape their minds and choices in life, this is supported by a saying that you can teach a person valuable lessons while they are still young," Mr Cebisa said.