Students not ready to run budgets

Candyce Braithwaite

MANY school leavers may not have the financial literacy skills they need to manage their budget when they leave home for university.

A Queensland University of Technology study released on Thursday asked more than 400 university students about their home budgeting.

The study found more than 57% thought they had a "high understanding of budgeting", but just 4.4% were able to correctly answer questions on how long it would take to reach specific savings goals within a set budget.

It also found some 65% of first year tertiary students aged 20 years old or younger thought they were "unprepared for (the) financial life skills" they needed as adults.


Topics:  budget money students university

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Athletes set to hit the ground running this year

FUN FOR ALL: Children and families were a big part of the 2017 Airlie Beach Running Festival last year.

Athletes set to hit the ground running this year.

Whitsundays wins at Australian Tourism Awards

Ocean Rafting takes the gold in the Major Tour and Transport Operator category at the 2018 Australian Tourism Awards.

Best in the tourism business, Whitsundays wins gold .

Airlie Beach PO boxes on the move to Jubilee Pocket

Airlie Beach post office boxes situated at the Whitsunday Shopping Centre will move to Jubilee Pocket.

Cannonvale PO boxes on the move to Jubilee Pocket.

Local Partners