Back to school | 50% of consumers don't save for education expenses

JOHANNESBURG - It's out with the festive season and back to school and according to a 1Life survey, over 50-percent of consumers don't save for back to school expenses.

READ: School uniforms | Competition Commission prepared to prosecute schools

Close to 90-percent of consumers will have to cut back on expenses to cover these expenses. The majority of consumers end up using their January salaries to cover these expenses. 

Money Coach and facilitator at 1Life’s Truth About Money, Hayley Parry spoke with eNCA.