Story
By Kgomotso Motau
Other
Truffle Money fo’sho July 2025
I had an opportunity of training the community in the City of Tshwane Municipality (Mamelodi & Bronkhorstspruit) on financial literacy. The groups agreed on finding it difficult to do budgeting properly, and saving for emergencies. Most of the people admitted that they lived from pay check to pay check, and some even borrowed money at high interest rates from loan sharks.
All sessions were interactive. Participants shared their real-life money challenges like often running out of money before month-end or immediately after pay day. The participants were encouraged to draw a realistic budget, showing how even small amounts set aside for savings could grow over time. Responsible borrowing of money, as well as the cost of higher purchase and safer credit options through registered financial institutions was explained to the participants.
What made the training impactful was that we used examples people could relate to. Participants learned how to track expenses, and set financial goals.
I believe that financial literacy is not just about numbers it is about empowering the communities. With the right tools and knowledge, people can make smarter decisions, support each other, and slowly break cycles of poverty.