HAVING a financially literate and competent citizens will not only help contribute to building a society that can effectively manage their finances but also empower Zambians to make better financial decisions and participate fully in the country’s economy, says Stanbic Bank public relations and communications manager Chanda Katongo.
“Stanbic Bank believes that financial literacy is of the utmost importance and is beneficial at all stages of life. That is why we are educating these students and sharing advice on saving and the importance of managing money properly,” she said.
Ms Katongo said as part of the Financial Literacy Week celebrated by the country, Stanbic Bank staff members spent time last week talking to Nkhwazi Primary School pupils on financial literacy and proper money management.
This year’s events, held under theme, “Better life through saving: It pays to plan,” advocated the importance of saving and how smart saving helps children, youths and adults in securing their future.
She said the campaign was corresponding with financial literacy week activities, adding that the bank would continue to invest in financial education even beyond the Financial Literacy Week.
Nkhwazi head teacher Davies Kabo said every child should have basic knowledge and understanding about money management, budgeting and how to save and spend responsibly.
Mr Kabo said understanding how to manage finances was an important skill young people needed to develop early in life as it was critical to their future success.
“We would like to thank the bank for vising our school because the knowledge the pupils have learnt from the bank will be used by them as well as be passed on to others.
‘‘As the pupils begin to understand the importance of saving, they can dream and plan about when and how to spend the money in a responsible manner,” he said.