Kathryn Main Urges Kids to Save 15% and Build Money Skills During Youth Month
Updated
Updated · Glamour South Africa · Jun 10
Kathryn Main Urges Kids to Save 15% and Build Money Skills During Youth Month
1 articles · Updated · Glamour South Africa · Jun 10
Summary
Kathryn Main, CEO of Money Savvy Brands and a mother of three, says parents should start teaching children about money now rather than leaving their views to social media or peers.
Main urges families to make budgeting a shared exercise—showing children fixed versus variable costs, asking them to help cut spending, and even challenging them to save R1,000 on groceries.
She also recommends honest talks about financial pressure, family values and goal-setting so children learn how trade-offs and planning shape household decisions.
Her advice extends to earning and investing: encourage side hustles, explain how a weaker rand and the economy affect finances, and have children save at least 15% of what they earn.
The broader message is resilience—teaching kids to diversify income, save automatically and start investing early to prepare for an uncertain future.