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Better Futures #07 - Streetwise Finance


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Enabling better futures through teaching South Africans about money.

Many people don’t know how to manage their money. Recognising the difference that knowledge of money matters can make, a team of Hollardites developed an educational programme called Streetwise Finance and recruited other Hollardites to help teach groups of South Africans the basics of finance.
We believe there is a better way for South Africans to treat their money.

WHY?

Hollard recognises that financial inclusivity is a major issue in South Africa, but there’s far more to it than having the financial resources to participate in our economy.  It’s also about understanding how to manage money.  
Inadequate financial literacy is one more snare in the poverty trap. We believe that if South Africans are given an opportunity to learn basic financial management skills they’ll be empowered to make better financial decisions that can have a profound impact on the way they choose to live their lives, manage their affairs, and most importantly, allow them to retire comfortably.


Module 1

If you think you are financially savvy then it’s time to test it out. Can you differentiate between needs and wants? Put yourself to the test on our Streetwise Finance Budget Tool.

Module 2

We’ve heard the hype about good debt and bad debt, but do we really know the difference between saving, banking, lending and borrowing? Then there are all the other products available to assist in these areas. This module is a breakdown of the pros and cons of the different ways of saving, banking, lending and what we should be on the lookout for in terms of the risks associated with each of them.

Module 3

Insurance is all about the ‘what if’s’ in life that we are exposed to on a daily basis. Insurance products are there to help us manage their effects by protecting us and our money from these unexpected events. In this module, we discuss the different types of insurance products available in the market and the processes one needs to follow to purchasing them. We also break down all the confusing terminology used in policies and teach you about how to maintain your policy and submitting a claim.

Module 4

When all is said and done, we all want to retire peacefully on an island somewhere. If you have followed the first three modules, then you will understand exactly why it is important to save for retirement. However, the reality for most of our parents, uncles, aunts and acquaintances is that they will never be able to do so comfortably. This module teaches us that we do not have to make the same mistake. This is your go-to guide on how to effectively save for retirement. Here, we encourage you to seek the help of a financial adviser to help you see how you can save more and to explore the different types of products available to you. 


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Our Partnership with Zibuza

Zibuza is an online professional learning community that aims to elevate the status of teachers by providing them with development, support and resources. We are working with Zibuza to help bring our SACE accredited financial literacy programme to teachers and students across South Africa. Find out more at https://zibuza.net/