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Department of Economics and Finance took hands with alumni students in writing a book

01 April 2021 | Story Dr Nitha Ramnath | Photo Supplied

Personal finance authors_web read more — Back: Dr Nico Keyser (editor), Dr Ivan van der Merwe. Front: Minette Weideman (Portfolio Manager at Levevis Investment and Consulting Services), Melanie Ferreira (Business Development Manager at Allan Gray), Dr Cecile Duvenhage (editor) and Lizelle Jansen van Rensburg (Lecturer). Dr Jesse de Beer (Lecturer at University of Namibia) was absent.

Two lecturers from the Department of Economics and Finance at the University of the Free State (UFS) teamed up with alumni – who were once students in their department – to write a book on personal finance. This book is the latest hands-on application of the theory in practice.

“From the book it is evident how our alumni – who once were learners – became educators and contributed to teaching and learning,” says Dr Cecile Duvenhage, Lecturer in the Department of Economics and Finance, about the book Personal Finance. The desire to write this book stems from previous studies done by Dr Duvenhage and Dr Nico Keyser, Senior Lecturer, on the financial literacy levels among young adults.

One such study was published in the Journal of Psychology in Africa (29(4):460-465). According to the study, young adults lack the basic understanding of financial aspects. Theory can be learned by heart, but the understanding and execution of well-informed financial decisions need to be addressed. Thus, the book was written in such a way that it is easy to understand, and with the aim of changing financial behaviour and attitude in a positive manner. The book provides useful websites and appendices for additional information and reading, and is aimed at the man on the street, researchers, and practitioners.

Acording to the authors, during the writing of the book in 2020, new challenges arose, including the dramatic impact of COVID-19 on the financial market, and these aspects were included during the final stages and editing of this book.

“Why personal finance? ‘Money makes the world go round’, the saying goes. Good financial decision making has a positive influence on overall well-being, allowing people to maximise their opportunities and lead more fulfilling lives. Personal finance teaches individuals financial skills so that they can manage their money better. The subject, Personal finance, is an interdisciplinary subject and encompasses many areas and core topics such as decision making, cash-flow management, savings, credit, debt, housing, and planning for the future.”

Personal Finance (first edition) was published by Van Schaik Publishers and has been available from leading bookshops since the end of December 2020. All chapters were critically reviewed by three (3) university lecturers and a qualified editorial panel.

News Archive

Achieve academic goals with an online presence

2016-11-02

Description: Academic Reboot Pack 2.0 Tags: Academic Reboot Pack 2.0

The Academic Reboot Pack 2.0 of the
University of the Free State introduces
an online academic approach to help
students complete the 2016 academic
year.
Photo: iStock

With the recent break in the academic activities at most of the countries’ universities, higher education managers are pressured to come up with ways of completing the rest of the 2016 academic year.

An approach introduced by the University of the Free State (UFS), is the use of online learning platforms.

For the remainder of the year, students will be required to do the majority of their work online. To support students during this time, the UFS has created an Academic Reboot Pack 2.0, which included #8 Habits of Highly successful online students.

Stay informed and prioritise your work

Make the online environment the top priority in your daily schedules. Be extra vigilant in your studies and use online learning platforms such as Blackboard to check your modules for new announcements and academic information.

You will also need to prioritise between important and less important tasks. This will give you an indication as to which tasks to focus on first.

Optimise your environment and work until you achieve goals

You need to optimise your study environment in a space where you can be productive and study efficiently. Continue working until you have achieved your goals, but also remember to reward yourself when you have reached them.

Staying organised

Remember, you need to stay organised and declutter your environment. It will be best to create a filing system for your paper-based notes, as well as the electronic files on your computer.

Get study buddies and keep a healthy body and mind

Get study buddies as this provides a good opportunity to share knowledge. If you are not sure about something, contact your lecturers via email or on their office numbers.

Lastly, keep a healthy body and mind because you will need to keep going a little longer than anticipated this year.

Get your copy of the Academic Reboot Pack 2.0 on Blackboard under announcements or click here to download it.

Also see the first Academic Reboot Pack.

If students have any question or queries regarding the Academic Reboot Pack 2.0, they can send an email to: advising@ufs.ac.za

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