South Africa’s “stockpiling queen” Ncumisa Ndelu wants students to break the cycle of toxic relationships with money.
with more than 479,000 members who stockpile groceries in their homes, has partnered with the University of KwaZulu-Natal in a first-ever money conversation event.This first round of the conversation on Monday is aimed at bringing together young people from all walks of life to discuss money matters.
“These money conversations are long overdue. I shouldn’t have had two clothing accounts I couldn’t afford, but right now I am ensuring that my daughter and her peers are wiser about money than I was at their age,” Ndelu said. “I am starting the conversation with students because they are most vulnerable, but also it’s the right time for them to learn as they begin their adult lives. “I know it’s a complicated subject that cannot be finished in one day, but it’s a conversation that must start at home, between friends and even at work.”
She said South Africans were going through a lot and “it’s mostly the usual stuff of living from hand to mouth with no consideration for tomorrow.“We see it with people in informal employment and even civil servants. If you can go around and check on civil servants who retired within the past 10 years, they are flat broke right now because there is little or no planning for tomorrow and that’s a direct result of failing to talk about money.
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