June was Youth Month. And so we took a look at how a parents finances affect their children.

The results are in, please see the results below. Also, congratulations to Lebogang Mogakwe who won our R1000 prize for this survey.

Some key items to take away:

  • More than half of of those who responded are not savings for their children’s education.
  • The main reason (by far) for not saving is lack of affordability.
  • Typically between R200-R500 is saved per child per month.
  • Most participants have life insurance, but not income protector insurance or medical insurance.

 

 

If you haven’t completed the survey, but you would still like to, please complete it below so we can our stats up to date.