Teacher trainees urged to cultivate savings, investment habits as insurance against future financial emergencies
Students of St Monica’s College of Education have been encouraged to develop savings and investment habits for long-term financial security.
Citing his experience as an example, College Principal, Dr. David Okyere Korankye, advises students to explore supplemental income streams alongside teaching for financial stability.
He also stresses the importance of strategic networking, highlighting the reality of an interconnected world.
He spoke at the College’s annual departmental conference, themed “The World of Work.”
Dr. Korankye cautions against financial complacency, emphasizing the importance of saving and investing for emergencies.
Teachers, like other professionals, sometimes struggle with unexpected expenses due to a lack of savings and investment.
Dr. Korankye urges his students to cultivate saving habits and increase their savings once they begin teaching.
He stresses that developing financial discipline will safeguard against future uncertainties.
“As future educators, it’s crucial to prioritize financial responsibility,” Dr. Korankye advised.
Operations Team Member at GCB Mampong Branch, Collins Afrifa-Nyarko, cautions students on irresponsible savings and investment practices to avoid setbacks.
“Be cautious where you save your money to avoid financial setbacks,” he advises. He says savings provide easy access to funds, while investments grow your wealth over time and therefore, they must understand the risks and benefits before investing.
Mr. Afrifa-Nyarko encourages students to seek expert advice for informed financial decisions.
Students at the workshop expressed gratitude for the valuable insights on saving and investing. They commit to applying the knowledge gained to ensure financial stability.
Ruth Boatema, Bernita Owusu, and Deborah Owurawa, among others, pledge to cultivate saving and investing habits.
“This workshop opened my eyes to the importance of financial planning,” says Ruth.
Bernita notes, “I’ll start saving a portion of my salary regularly.”
Deborah adds, “Investing wisely will secure my future.”
Head of the Social Sciences Department, Bosco Aboagye, says the event aimed to prepare students for the challenges beyond academia.
“This workshop readies our students for the real world,” he notes.
He seized the opportunity to caution students against risky political involvement.
“Be mindful of political activities that may jeopardize your safety,” he advised. “Your security is paramount; avoid compromising it for political interests.”