When Masego Mongae received her first modeling contract, she was just 15 years old.
She says that when her mother won a modeling contest and received a salary of R1,500, she had no job and had to make important decisions about how to spend it.
I was aware that I needed to use the money in a way that I would not regret. I was aware that my mother would not be able to afford to buy me a new school uniform.
I used the money to buy myself shoes, socks, a tracksuit, school supplies, and a uniform. Mongae, who is 30 years old, says, “When I started 10th grade the following year, I looked like other kids in my school uniform.”
“I figured out how to be capable with cash from that point. I set aside cash from the compensation I got and would involve the cash for lunch at school.
I learned the value of saving for unforeseen events as I got older by reading books on personal finance.
I am currently self-employed, continue to model, and do not receive medical assistance. As a result, I save money for when I might need to see a doctor, “she says.
She stated that some of the books she has read have taught her how to classify the things you will spend your money on, such as groceries, rent, insurance, cosmetics, pleasure, and entertainment.
Bokang, a one-year-old girl who is seven months old, was said to want to teach her daughter about money at a young age.
I want to show my daughter that making money is more fun than spending it. She cannot rely on blessers and must be independent.
A healthy relationship with money, in my opinion, is one in which one does not rely on loans or borrowing money to make ends meet.