Nurses Bandaging their budgets

First group of nurses that attended the workshop holding the consumer education resource
Booklet 1 of 3, How to manage your finances.

Nurses bandaging their budgets 

By Loshini Govender, Community Relations Officer, Financial Services Board Consumer Education Department


The FSB has successfully partnered with Legends Medical Solutions to provide financial literacy workshops for their nurses. Legend Medical Solutions is a Nursing Recruitment Agency that specialises in temporary placements of nursing staff sin hospitals. Their expertise is in the training and development of all categories of nurses, particularly for placement on both ICU and general ward levels.

The training was held at the Legends Medical Solutions training centre in Abbottsford Houghton. For 2013, 5 workshops have taken place with the project rolling out into 2014.


 

The training covered the following topics;

        ·         Managing your money

        ·         Drafting a budget

        ·         The difference between needs and wants

        ·         The need for and handling of savings

        ·         The role of the Ombudsman

        ·         The difference between Short-term and Long-term insurance

        ·         Consumer rights

        ·         Recourse mechanisms


 

The practical budgeting exercise is often an eye opener to many, especially with the festive season approaching.  ​​​​​​​​