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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

Remain positive, keep an eye on the finish line

2016-11-08

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

Dealing with anxiety can be daunting.
There are methods to help and assist
with your anxiety.
Photo: iStock

No one is immune to anxiety, and the current challenging academic times are no exception. With the Academic Reboot Pack 2.0, the University of the Free State (UFS) addresses these adversities.

Dealing with anxiety differently

People react to anxiety differently. For some it’s like a dark tunnel with no light at the end, while it keeps others on their toes. Regardless of how you deal with it, it is still an unpleasant emotion.

“For me, it (anxiety) makes me more determined to do well, so that I can start the next part of my life as soon as possible,” said Greg Butters, a postgraduate BCom Accounting student at the UFS.

Ways to manage and overcome

There are different ways to manage anxiety. Here are some methods that can assist you in dealing with it:

Keep the following in mind when you are feeling anxious:

Realise that anxiety is an amplified response to stress.
Face your anxiety head-on.
Do not add to your anxiety by thinking about what "might" happen. If you find yourself asking "What if?" tell yourself "So what!"

Where to get the right help

It is also important to know that there is help. When you feel that anxiety is affecting you negatively, pick up a phone and call one of the following departments:

Medical Practice +27 51 401 2603
Qwaqwa Campus Clinic +27 58 718 5210
Sports and Exercise Medicine Clinic +27 51 401 2530
First Aid +27 51 401 3325
Emergencies (After hours) - ER 24 0800 051 051 or 084 124

You can also contact the South African Depression and Anxiety Group (SADAG) 24-hour helpline. SADAG has various helplines that can help you deal with anxiety and depression.

Get your copy of the Academic Reboot Pack 2.0 on Blackboardunder 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, they can send an email to: advising@ufs.ac.za.

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