Employees of Old Mutual Malawi, Nedbank Malawi and Malawi Property Investment Company Limited (Mpico) and their families have been asked to develop a saving culture to avoid falling the debt trap.
Speaking in Mzuzu on Saturday during Financial Education Talk, Old Mutual Malawi financial education specialist Benson Chirwa said employees need to prepare for eventualities in life.
“In life, eventualities happen so there is need for saving,” he said.
He urged the employees to start saving money when they have enough because in life, there will never be enough money.
Old Mutual business programme and strategy executive Khumbo Phiri said much as people dedicate and commit themselves to their work, there is also need to commit to their families. n