"Financial literacy education for children is vital to ensure that the next generation grows up to be financially smart. It's a skill that everyone must learn in order to take charge of their financial wellbeing and teaching concepts such as saving at a young age will hopefully put children on a journey to being financially responsible adults," says Eunice Sibiya, head of Consumer Education at FNB.
FNB has educators in six regions in the country and this year they aim to surpass the target of educating 12,000 children on the importance of saving. "With the TCTS programme, I get an opportunity to speak to the youth about concepts like budgeting and saving, which fortunately form part of their curriculum, specifically Economic Management Services. It's a wonderful opportunity to know that this programme is adding value to the lives of these children," says Mpumzi Mgijima, FNB educator in the Eastern Cape.
During its five year involvement in the TCTS SA programme FNB has reached approximately 46,300 children across the country. "Many people end up in financial trouble which could have been avoided if they had the knowledge on how to handle their money, and programmes such as TCTS are very important as they contribute to creating a financially literate country," concludes Sibiya.
