“I’m a single mother of 2. I’ve lent money to family but not friends. In my culture, people believe money is the root of all evil. If I got hit by a bus tomorrow, my two children will be financially secure because I have insurance.
I talk to my kids about money all the time, I think it’s vital for every parent in each household to be open about money to avoid future strains. The last financial decision I had to make was whether to pay monthly for my older child’s tuition or cash with my bonus in September. If I earned R1,000 extra each month, I would probably use it to cover my first born’s expenses as she stays really far from home. My friends and I know each other’s financial states; it’s a very tight circle. We trust each other. The hardest financial lesson was learning to budget.
I’ve never been conned before, I trust banks, I keep my money there. I believe funeral insurance is getting rather too expensive because I have to cover a lot of people in my family and also extended family. My financial dream is to one day be able to take care of my family as a single parent without the worry of running out of money. I save money well enough by budgeting . It’s the smartest way.
Most of my friends drink alcohol and gamble . I pray that one day my children will find secure jobs that will help them take care of themselves.”
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