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How does stokvel help people survive

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Q: How do stokvels help people save money?
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Solar hot water systems help people to save money in a variety of ways. They allow people to not use electricity or gas when heating up their water for showers.


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How does South Africa save money in Africa?

Stokvels social clubs is how people save money in Africa. Stokvels have been around in South Africa and Africa for many years. They are a good way for people to help motivate each other to save, and many stokvel or savings clubs are like social clubs where members also help each other in ways other than with money. Regular stokvel meetings have become a social highlight in many communities. To read about avoiding debt traps, click on the following link: Vuk'uzenzele: Avoiding the debt trap A basic stokvel is simple to undertake. There are usually twelve or more members, and each member contributes a certain amount each month. This can be anything from R50 to R1000, depending on everyone's income. Each month, it is a different member's turn to receive the money. So, if you belong to a stokvel with twelve members who each contribute R500 a month, then once a year you will receive a R6000 payout. You are motivated to save because the other members will know if you haven't paid your contribution, and also because the regular meetings are a reminder of what you will gain when it is your turn.


If you won the lottery, What would you do?

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Is the UK government wasting our money?

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Can kids help too?

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