This online library will help you think about important financially focused questions that you should be asking.
It will also direct you to financial information that may be relevant to you and your current situation or life experiences.
What is a Life Experience?
We often talk about the big moments in our lives as ‘Life Events’ or ‘Life Stages’.
Life events are important moments in our lives but are not always a once off event, but rather a period in our lives that we are experiencing.
These times in our lives are called ‘Life Experiences’. You can live through more than one experience at a time and each experience could go on for a long time.
Most people may not live through some of the life experiences at all and will experience them at different times of their lives - there is no specific order (except for death).
Leaving school or tertiary before graduating
School is meant to prepare you for the real world, and to an extent, it does. Leaving your studies before you have had the opportunity to graduate and entering the real world can be a shock. But you may not have a choice. Whether you choose to study or work after school you may need to earn a living in order to pay for certain expenses, that’s if you do not have other sources of income or the financial support of your parents and family.
You could consider working and completing your studies part-time. Surviving your situation could mean that you are working set hours, five or more days a week, possibly doing a job you don’t particularly enjoy, possibly even having to share accommodation because you can’t afford to rent on your own for now. It can take some getting used to, after school, but it will help enormously if you’re equipped with the right financial information.
Questions
To make sure that you are prepared once you leave school, for whatever reason it may be, there are some questions you should be asking yourself.
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
Will my parents/ family support me financially while I study?
What are my living expenses?
What are my options regarding financial assistance?
Will I need to pay tax on any of the income that I earn?
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
Is a credit card an option at this point in my life?
How can I prevent myself from getting into debt?
Am I leaving school because of “black tax”? Who will I be responsible for?
Learning series
The FSCA have put together a learning series just for you. The topics selected will help you through the financial side of your life experience.
Recommended for you
The FSCA have made recommendations of topics that may help answer some of the questions you may have.
Download all the content for these topics in the resource folder.
How to access the resource folder
Click the menu button on the top left. Click on Resources. Download the documents.
Accessing other topics
Remember, these suggested topics are not the only ones available to you. If you would like to explore our other FSCA learning series you can visit our website.
www.fscaconsumered.co.za
Conclusion
We hope that the information is informative!
We challenge you to put this knowledge to practice so that you can make financially smart decisions!
Remember to download the content before exiting the module.
