{"id":165970,"date":"2015-06-10T08:50:08","date_gmt":"2015-06-10T06:50:08","guid":{"rendered":"http:\/\/www.joblife.co.za\/?p=165970"},"modified":"2017-03-18T13:07:26","modified_gmt":"2017-03-18T13:07:26","slug":"learnerships-finances-you","status":"publish","type":"post","link":"https:\/\/www.joblife.co.za\/blog\/learnerships-finances-you\/","title":{"rendered":"Learnerships, Finances and You: Everything You Need to Know"},"content":{"rendered":"<p>Learnerships are an excellent way of gaining technical experience in your chosen field without the financial strain of a more academic certification. But the question remains: how will you manage your finances during the training? Here are some things to consider as you prepare to start your learnership.<\/p>\n<p><!--more--><\/p>\n<h2><i>The question of stipends<\/i><\/h2>\n<p>The first big question is whether you\u2019ll be getting paid at your learnership. While almost no learnerships offer full salaries, you might be offered a \u201cstipend\u201d of anything from R2000 to around R4000. This will depend a lot on the organization and the funds they have available, however the amount is generally expected to cover incidental expenses like transport only.<\/p>\n<p>&nbsp;<\/p>\n<p>More technical learnerships where you have increased responsibility may well pay much more than this and you may informally be paid until you\u2019re offered a permanent position. This is an ideal situation, but it\u2019s probably best to go into a learnership situation not expecting any remuneration.<\/p>\n<p>&nbsp;<\/p>\n<h2><i>Student loans<\/i><\/h2>\n<p>To make sure that you\u2019re not stressing about money during your internship, it may be a good idea to take out a small student loan for the year. Arrange a meeting with an advisor from your bank to discuss the best options for you. The ideal outcome would be for you to complete your learnership with as little debt as possible, but weigh up the pros and cons. Depending on whether you share a home with your parents, what savings you have and whether you\u2019re taking advantage of grants or bursaries, a student loan can be a useful stepping stone during your learnership.<\/p>\n<p>&nbsp;<\/p>\n<h2><i>Smart budgeting<\/i><\/h2>\n<p>You\u2019ll be learning all kinds of skills during your learnership training, but perhaps one of the most important ones will be learning to manage your money carefully. Though most learnerships are only a year long, you may find finances are very tight during this time. Cut down on unnecessary spending, enquire about second-hand books and materials and consider temporary student accommodation closer to work so you can save money on commuting.<\/p>\n<p>&nbsp;<\/p>\n<h2><i>Paying for your training<\/i><\/h2>\n<p>Do your research thoroughly. Unfortunately, there are many unscrupulous private colleges and unaccredited \u201cprogrammes\u201d that only take money from hopeful students and offer very little in return. Make sure you understand ahead of time what you are expected to pay for your learnership.<\/p>\n<p>[bctt tweet=&#8221;The vast majority of learnerships will not expect you to pay any fees&#8221;]<\/p>\n<p>The vast majority of learnerships will not expect you to pay any fees, although you may occasionally have to cough up for a uniform, materials or things like parking. Be wary if you\u2019re being asked to pay a lot for \u201ctraining\u201d courses, events or trips &#8211; while it\u2019s perfectly legitimate to pay for tertiary training, this most likely means you are not in fact completing an official learnership.<br \/>\nThe biggest appeal of learnerships is that they lighten the financial burden so often associated with advancing your career. Take the time to plan out your goals, draw up a realistic budget and enter into your learnership programme knowing exactly where you\u2019ll stand at the end of it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learnerships are an excellent way of gaining technical experience in your chosen field without the financial strain of a more academic certification. But the question remains: how will you manage your finances during the training? Here are some things to consider as you prepare to start your learnership.<\/p>\n","protected":false},"author":1,"featured_media":171332,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.joblife.co.za\/blog\/wp-json\/wp\/v2\/posts\/165970"}],"collection":[{"href":"https:\/\/www.joblife.co.za\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.joblife.co.za\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.joblife.co.za\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.joblife.co.za\/blog\/wp-json\/wp\/v2\/comments?post=165970"}],"version-history":[{"count":1,"href":"https:\/\/www.joblife.co.za\/blog\/wp-json\/wp\/v2\/posts\/165970\/revisions"}],"predecessor-version":[{"id":171333,"href":"https:\/\/www.joblife.co.za\/blog\/wp-json\/wp\/v2\/posts\/165970\/revisions\/171333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.joblife.co.za\/blog\/wp-json\/wp\/v2\/media\/171332"}],"wp:attachment":[{"href":"https:\/\/www.joblife.co.za\/blog\/wp-json\/wp\/v2\/media?parent=165970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.joblife.co.za\/blog\/wp-json\/wp\/v2\/categories?post=165970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.joblife.co.za\/blog\/wp-json\/wp\/v2\/tags?post=165970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}