Guiding you towards achieving Financial Well-being
VM has a special financial education programme that guides our tertiary students along their journey to achieving their financial goals. Come join the FETE and celebrate as you achieve your goals!
Celebrate Financial Well-being
Here are some benefits of becoming a VM FETE Youth Ambassador.
Engage with Experts
Not just another Ambassador Programme. With VM Fete, you get valuable insight and support from our financial experts on taking the best path to achieving your goals.
Earn While You Learn
VM Fete guarantees growth not only in your mind, but in your pocket. With our exclusive monthly stipend, we never take our Ambassadors for granted.
Network With Us
Expand your network as an Ambassador, you are inducted into the VM family. Our Executive Leaders will coach you on the approaches needed to become your best self.
Putting The Fun In Funds
We have developed a youth ambassador component to our VM FETE programme which targets you, our tertiary students. What is the VM FETE Youth Ambassador programme? It is your new community. We help you to gain the tools needed to enhance your financial management skills while offering you an opportunity to network, and become the leader you were meant to be. As an Ambassador, you will be that support system for your peers along the path to achieving financial well-being. Recruiting for the VM FETE Youth Ambassador programme takes place in January each year.
Putting The Fun In Funds
We have developed a youth ambassador component to our VM FETE programme which targets you, our tertiary students. What is the VM FETE Youth Ambassador programme? It is your new community. We help you to gain the tools needed to enhance your financial management skills while offering you an opportunity to network, and become the leader you were meant to be. As an Ambassador, you will be that support system for your peers along the path to achieving financial well-being. Recruiting for the VM FETE Youth Ambassador programme takes place in January each year.
Expected Outcomes
At the end of this 4-week module on achieving financial well-being, participants should be able to:
Understand key financial principles including saving, investing, and managing debt.
Create a personal financial plan.
Understand the process of Home Ownership and acquiring personal loans.
Our Financial Education Curriculum
We take a strategic approach to your learning. With our financial education curriculum, we provide a detailed breakdown and understanding of all the areas in your life in which you need to grow financially.
Before beginning any journey, you need to understand where you are. Similarly, before beginning your financial journey, you need to assess your situation and set clear goals.
Someone who is on their journey towards financial well-being, has documented clear goals, creates specific plans for achieving these goals and feels that he or she is making progress toward these goals.
- Understanding the financial Life Cycle
- Budgeting
- Important Financial Goals
- Setting up an Emergency Fund
- Further education
- Retirement Planning (to be expanded on in Module #4)
- Home Ownership (to be expanded on in Module #4)
- Purchasing a vehicle (to be expanded on in Module #4)
- Setting SMART Financial Goals
- The VM Approach towards achieving financial well-being
So, you think it’s hard to save? We know it can be, there’s no doubt about it. But sometimes the hardest thing about saving money is just getting started. That’s right. It can be difficult to figure out simple ways to save money and how to use your savings to pursue your financial goals. However, once you put away those first few dollars, you will be surprised at how quickly they can accumulate. Besides, wouldn’t you want to get some or all of the many benefits of saving? Let’s take some time to delve into the benefits of saving.
- Benefits of Saving
- Types of Savings Accounts
- Difference between Savings and Investment
- Understanding Wealth and Money Management products
- Protecting your wealth
High levels of personal debt and unwise credit decisions can lead to serious financial and emotional distress. However, careful and strategic debt and credit management can be a great asset in achieving your financial well-being.
- Types of Credit
- Advantages and Disadvantages of Credit
- Understanding your Credit History and Score
- Credit Cards
- How to control debt
We know that at first glance, owning your own home may seem like a dream that’s impossible to achieve. However, this shouldn’t be the case! Home ownership should be a well-orchestrated plan which is put in place from the moment you have the capacity to start thinking about your future. When you have the right plan and financial partner, it can all come together even sooner than you think; giving you access to multiple benefits. Once you have acquired your home, it is also important to know how to maintain the value of your investment. Likewise, accessing a car loan and preparing for retirement, involve preparation.
- Benefits of Home Ownership
- Considerations when Buying a Home
- Steps to Buying a Home
- Understanding the Mortgage Process
- Improving the value of your property
- Steps to acquiring a car loan
- Planning for retirement
Meet our 2022 to 2023
VM Fete Youth Ambassadors
Resources
Here are some tools that increase your financial knowledge, which will guide to you to achieve financial success.
