Hey There,

A warm welcome to this another edition of Mini Millionaires.

We’ve loved hearing about everyone’s mini millionaires journey. Keep those replies, DMs and messages coming. We read them all.

If you’re new here, every week we pick a money topic and chat about it using our 3 main topic pillars: a mindset to cultivate, a habit to form, and a tip to try. 

We know how busy family life can be, so we make sure what we cover is nice and simple to digest, take out an awesome learning or two, and then include a free resource to help the lesson stick.

If there’s something you and your mini millionaire would like to learn about from the world of money, simply let us know.

This week, we’re talking about how to teach kids about stokvels and group savings, so let’s dive right in.

🤝 Saving Together: Savings lessons go next level with a fam stokvel.

🔥 Pull Together: Saving towards a family goal with this week’s resource.

🦸 Become A Money Hero: Defeat poor money habit villains.

🤝 Making Friends: Your mini millionaire’s friend-making abilities.

Long before there were banking apps or unit trusts, South Africans were already building wealth together. 

A stokvel is a savings or investment club where a group of people contribute a fixed amount of money to a communal pool on a regular basis, with members taking turns to receive the collected funds or sharing them for a common purpose.

Today, more than half of South African adults belong to the more than 800 000 stokvels, who collectively move R50 billion through the economy every year. Wow. That’s incredible.

This week, we're using this proudly SA tradition to teach your mini millionaire one of the most powerful money lessons there is: saving together is stronger than saving alone.

Our friends at Sum1 Investments built a tool to manage your stokvel. They grow your money by investing in local small businesses, making sure even more people benefit. Cool huh?

Community is a financial strategy.

Most kids (and even adults) think of saving as a solo sport. Put some pocket money in the jar or a portion of their salary into a savings mechanism, and done. 

But the stokvel flips that mindset entirely. 

Each stokvel member has an equal voice, and the model is built on complete transparency, accountability, and open communication. And that’s so much more than just good manners, it’s an entire financial system that unlocks greater buying power.

Help your mini millionaire see that money multiplies when people show up for each other consistently. 

Takeaway: One of the most powerful financial tools is community.

Show up, every time.

In a traditional stokvel, defaults are rare, because every member knows if someone hasn't paid, and regular meetings serve as built-in reminders. 

That's the habit worth building in your mini millionaire: consistent contribution, no matter how small. Whether it's R5 a week or R20 a month into a family pot, the discipline of always putting something in is the lesson, not the rand amount. 

Consistency builds trust. And trust is what makes the whole system work. 

Takeaway: The habit isn't about how much goes in, but about always showing up.

Start a family stokvel tonight.

Sit down with your mini millionaire and design your own family stokvel. 

Family financial meetings are a powerful way to teach kids about the choices you make with money. And when you think about it, that’s the foundation of a stokvel. A community of people, coming together, all chipping in, deciding what to save towards. 

Decide together: Who's in? How much per week? What's the payout? It could be a family treat, a shared goal like a cool holiday, or a sweet new console (hey, even Dad likes to play a bit of the Xbox too, you know), or even a savings milestone. 

Give your mini millionaire a role: treasurer, record-keeper, chairperson. Keep a notebook. Make it real. The lesson will stick long after the pot pays out. 

Takeaway: The best way to understand group savings is to actually run one.

This week's free resource is the Family Stokvel Planner.

It lets families map out their savings goal, decide who's in, assign everyone a role (Fun Police, anyone? 😄), set each person’s monthly contributions, and track your family’s progress month by month.

It's simple, it's visual, and it makes saving together feel like a team sport. 

So whether you're saving for a holiday, a big family treat, or just building the habit, this one's for you. 

Download it. Fill it in. Get saving in your family Stokvel tonight.

Fintr4Schools is our gamified platform transforming financial education in SA classrooms. 

Specifically designed to support the CAPS Economic Management Science curriculum, Fintr4Schools uses an immersive superhero narrative to make learning super fun. 

Students become money heroes to defeat villains representing poor financial habits, turning dry textbooks into an interactive, comic-style adventure. 

By engaging in practical exercises and competitions, learners master complex concepts like saving and investing in a relatable way. 

Fintr4Schools equips the next generation with vital life skills, empowering your mini millionaires to build a secure financial future.

Fintr4Schools equips the next generation with vital life skills, empowering your mini millionaires to build a secure financial future.

Last week, we wanted to know how you rate your mini millionaire’s people skills, in our how to teach kids to network for financial success edition of Mini Millionaires. Turns out we’ve got a whole generation of natural connectors coming up.

🟩🟩🟩🟩🟩 🌟 They’re a natural connector.

⬜️⬜️⬜️⬜️⬜️ 🌱 Still finding their feet socially. 

🟨🟨⬜️⬜️⬜️ 🙏 Good one-on-one, shy in groups. 

⬜️⬜️⬜️⬜️⬜️ 📝 We're working on it together. 

⬜️⬜️⬜️⬜️⬜️ 🤷 Honestly, this is new territory for us, too.

What you said: 

“The phrase "But we can't go home now, I'm playing with my best friend" has been uttered numerous times about a newly made friend on a local playground...”

JM

And yet adults need to know someone for 5 years, attend a major celebration, and have dinner at least 10 times before they consider someone a friend. 😂

What’s been your mini millionaire’s favourite lesson they’ve learnt from our newsletter so far?

Or is there something you’re navigating on their money smart journey right now you’d like us to talk about in an upcoming feature?

Hit reply and tell us. We’d love to know.

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