Why employees need financial education

Monday, September 22, 2014

Dimpho is very worried about her money situation. Her employer garnishes her wages for the following monthly expenses: Debts Medical Aid Funeral Cover Housing Allowance PAYE

After all of these expenses, Dimpho is left with less than one thousand pula a month. With this remaining money she still has to cover all of her monthly expenses such as transport to work, school fees, food, lights and water.

Dimpho cannot afford such luxuries as visits to the salon or even have a social life, those days are long gone.

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Why employees need financial education

Dimpho is very worried about her money situation. Her employer garnishes her wages for the following monthly expenses: Debts Medical Aid Funeral Cover Housing Allowance PAYE