School fees and education costs were also the third most common reason for saving, with 29% of those using a stokvel indicating that this was their end goal. Where saving for education once meant saving for a tertiary education, fees for primary and secondary school have climbed such that parents need to save for these costs rather than trying to cover these fees from their monthly salaries.reports that some of the more prestigious private schools now cost more than R173,000.
“Historically, education costs have increased by [between] 2% and 3% above general inflation, meaning that, over time, they become a larger proportion of a household’s budget,” he says. This merely highlights the importance of saving or investing to reach an attainable end goal. Relying on a “pay-as-you-go” approach could result in you eventually having no capital saved up for your child’s future studies, which means you will most likely be forced to apply for prohibitively expensive credit.
This is how I saw other people testifying on how they invested and got their profit, l've seen more than 10 people testifying. I was skeptical at first then I decided to give it a try so I sent shirley_ralphy a message and started my investment with $2000 and I got back $18k