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Youth Warned Against Living Expensive Lifestyles

According to Biyinzika, the reason why majority of Ugandans disturb people to contribute to their weddings is because they have not done enough savings.
28 Dec 2018 10:10
Ruth Biyinzika Musoke, the head of Skills Development Facility - SDF

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Ruth Biyinzika Musoke, the head of Skills Development Facility - SDF, a World Bank Funded Project has cautioned young Ugandans against living beyond their means.

In an interview with Uganda Radio Network, Biyinzika says majority youth lead "plastic lives" sometimes even on borrowed money specially to buy cars, rent posh houses, expensive watches and clothes. 

 

She advises young people to prepare for their future and not to sit desperately thinking that those in government will one time wake up and leave office.

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She observes that such a period especially in the end of year festivities, majority people are competing on expenditure rather than earning, which she says is a dangerous habit. 

"Why can't we live a realistic life? A number of youth are competing on spending and that is a very big problem. Compete in earning but not spending," Biyinzika said.  

Adding that; "Don't be pressured to get married when you are between 18 and 25. It is a wrong decision; use this time to improve yourself through going back to school, buying some land and other things." 

According to Biyinzika, the reason why majority of Ugandans disturb people to contribute to their weddings is because they have not done enough savings.

"This age is extremely important once you utilize it well. I don't expect anybody to disturb people on your weddings and make them pay for your weddings. Save your own money and make sure by the time you reach that step, you have built yourself financially, bought some land among other things,” she said.

 

She appealed to Ugandan youths to apply for grants to do business under the SDF project. SDF is part of the $100 million (Shs360b) Uganda Skills Development Project (USDP) currently implemented by the Private Sector Foundation Uganda (PSFU).

This five-year project is implemented through a grant facility mechanism that is co-financed by the private sector through a matching grant contribution.  It focuses on three sectors including agriculture, construction and manufacturing. Biyinzika says the fund is free and is easier to acquire once the applicants are organised in groups.

 

 

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