It always baffles me that the education system in most countries around the world has a short sighted approach to sending students out into the big bad world with good coping mechanisms in place. Learning the value of money and how to handle it is something that doesn’t fall into the education system and most children struggle to budget and make ends meet when they leave school.
Two KZN Business Women Margie Whitten and Jackie Drennan, both with a strong financial background, saw the gap with regards to educating children about the value of money and recently launched Money Life, a web based education program that will equip teenagers and young adults to build smart spending habits and respect the value of money. “The program has been designed to allow parents to educate their children about the value and importance of money, and help the youth make smart financial decisions and develop life skills while still having fun. The knowledge gleaned from the program will assist them in developing financial maturity and the skills to manage the pressure of daily life.” says Whitten.
Continues Whitten “The 21st Century has seen the start of the cashless revolution and the currency of today is digital. As a result, money can become less tangible and changes how we deal with it in everyday life. The Money Life application allows users to create their own personal budget categories for income and expenditure, set budget amounts for every month and measure actual spending and saving against monthly budgets. We would like to help raise a generation who understand that money is not an illusion and that it has REAL consequences if not managed properly. This is aimed to reduce the risk of setting them up for financial mishaps later on in life.” Visit the website www.money-life.co.za for more information.
AVOID BEING HIJACKED.
One of our readers told me the horrendous story of how she had been hijacked recently and, interestingly enough, it was a pack of dogs who came to her rescue on a lonely road – and chased off the hijackers (intent on doing her severe bodily harm it seems) who escaped with cash and her phone, but not the car. She was still stranded though, and it would have been a good thing to have some sort of communication (a panic button perhaps) to let people know where she was. There are phone apps with panic buttons, but these are hopeless if someone has your phone. Someone needs to invent a panic button that one can hide on one’s person and use in this type of scenario. Anyone out there doing this?
As it’s holiday season, hijackings are going to be on the increase. Here are a few useful prevention tips from Netstar:
Be vigilant when pulling out of your driveway or coming home. 68% of hijackings occur close to home.
If you think that you’re being followed, slow down at least two or three houses prior to your home to force the vehicle behind you to pass.
If you have an electric gate, don’t pull into your driveway before opening the gate. Open your gate remotely while your car is still on the road.
Don’t fall for the tap-tap trap where the driver of another vehicle gently drives into the back of your car in traffic. Never get out of your car to assess the damage. Drive to a busy location and signal the other car to follow you – if they don’t, they were up to no good.
If you have any consumer related issues, contact me on firstname.lastname@example.org and I will do my best to help – or point you in the right direction!