By Patience Longwe & Andrew Mkonda
Lilongwe, November 26th, Mana: The Chief Executive Officer for the United Civil Servants Saving and Credit Cooperative Society LTD (UCSSACCO), Francis Waliwa, has urged journalists in the country to develop a culture of serving money for investments and future use.
Waliwa made the call Tuesday in Lilongwe during a financial management training for the journalists drawn from central region.
He noted that many people in the country including journalists fail to embrace the saving culture because of the mentality of saying they will start saving when they start earning more money.
“No matter how little you get; it is important to save something. Remember any journey starts with a single step. So don’t underrate any amount you save,” he said
Waliwa said the main challenge that many people have in the country is that they are used to spending their cash on things they don’t budget for.
“Mind you, the money you spend on things you didn’t budget for, would have assisted you in the future if it was saved. Let’s have a culture of saving at least ten percent of any amount we get, your life won’t be the same again,” he said
Commenting on the matter, Lydia Banda, a journalist working with Ulimi Radio, hailed UCSSACCO for the training saying it was an eye opener to journalists on financial management.
Banda said it sad to see many people who were famous when they were working, but soon after their retirement they start suffering and others even die within short period of time.
UCSSACCO is a member owned institution that offer a range of savings and credit products to civil servants, parastatals and private organizations in the country.
The institution is rated among the top 10 best performing SACCOs in Southern Africa.
