Learn how to make all the right money moves!

Our aim is to help students make better financial decisions that make them financially capable and resilient young adults

Starting your financial journey with small steps

Get a grip on your finances

Let's start with understanding the basics. Remember those pesky equations that we had to learn at school? Well, there is a simple money equation that we all need to understand.

The four-step budget

Budgeting is a powerful tool that can help you to track and control your spending. It might have a bad reputation because most of us think that budgeting is boring, difficult or time-consuming. But think of budgeting as your secret weapon that will help you achieve your financial goals.

Making your money grow

Life is full of uncertainty and having savings can help us weather the storms. You should consider creating an emergency fund that can cover at least three months of your living expenses.

There are three factors that influence the amount of money that you can earn through compounding:

1. Interest rate:

the higher the interest rate, the more money you earn. Banks will usually offer you a better rate of interest if you agree to keep your money in the account for a minimum period.

2. Time:

the longer your money is compounded, the more money you earn on the interest. Eventually, your money will start to grow exponentially. This is why it is important to start saving when young!

3. Frequency of compounding:

the more often your money is compounded, the more you earn.

Taking on debt

AS SOON AS YOU START EARNING AN INCOME, YOU WILL BE BOMBARDED BY OFFERS TO TAKE UP CREDIT.

Store cards, credit cards, payday loans and home loans are all forms of debt. If you take on too much debt, you will get yourself into financial trouble. This will impact your credit score and your future ability to secure debt at lower interest rates.

Here is how your credit score works. Every time you apply for a loan, store card, credit card or even insurance, the enquiry is recorded at the credit bureau. If you pay your instalments late, or not at all, it will count against your credit score.

767-999 (Excellent)

527-582 (Below Average)

681-766 (Good)

487-526 (Unfavourable)

614-680 (Favourable)

0 – 486 (Poor)

583-613 (Average)

Make financial freedom a state of mind and take control of your financial future

Discover how to build wealth over your lifetime

Learn how, when
and where to invest

Discover all the ways to invest your hard earned money.

CRYPTOCURRENCIES

EXCHANGE TRADED FUNDS

FIXED DEPOSIT ACCOUNTS

FOREIGN EXCHANGE

GOVERNMENT BONDS

MONEY MARKET ACCOUNTS

PROPERTY

UNIT TRUSTS

Learn how to protect yourself and your assets

Improve your knowledge about insurance

Protect yourself and your assets.

Without insurance, we can lose money that will set us back in life. How does insurance work? You pay a premium to insurance companies to protect you against costly disasters.

Learn about the different Types of insurance

MEDICAL AIDS cover both in-hospital and out-of-hospital costs. Hospital plans only cover hospitalisation costs.

LIFE INSURANCE pays a death benefit to your chosen beneficiary. It is important to have if you are the breadwinner in your family.

CREDIT INSURANCE pays the outstanding balance on a financing agreement in the event of death, disability or illness.

INCOME PROTECTION pays a monthly cover if you are no longer able to work.

PERSONAL INSURANCE includes different types of car and home insurance. It covers you for any losses in the event of fire, theft and accidents. You can even get personal insurance for your cell phone.

FUNERAL INSURANCE covers your funeral costs, or those of your loved ones.

Managing your money is a lifelong skill.
It can help you achieve your dreams

About us

Over the past 20 years, STANLIB has done more than just manage money, we have committed to protecting and growing our clients’ wealth. We have invested in more than just traditional asset classes but funds that benefit society, impacting and changing the trajectory of their lives. As a result, STANLIB has been able to manage over R600 billion in assets and initiate financial freedom for over 136 000 clients.

Mind My Money TVET College edition is an extension of our tradition to invest in our societies, with the aim to grow and protect our clients’ wealth. It is a financial literacy programme that aims to guide you to make better financial decisions as you prepare for the labour market or entrepreneurial journey. There are a few small steps that may enable you to live the life of your dreams and we are here to help you do that.

Making the right financial decisions while you are young will put you on the path to financial wellness over the course of your life, and help you achieve financial freedom.

The programme began in 2020 and is an extension of Liberty’s “Mind My Money” programme.

We look forward to guiding you on your path to financial wellness and freedom.