Students Save To Spend
In SA Student Spend Report 2015Savings is a familiar theoretical term known by students but one that isn’t practiced. According to the SA Student Spend Survey 2015, three keys reasons for limited savings from students stem from: Living in the NOW, limited earnings and limited to no future planning.
58% of students referenced saving between R1 – R540 per month. If students did reference saving it was essentially to spend à SAVE TO SPEND.
So if the bulk of student revenue isn’t being saved then where is it being spent?
For majority of students general expenses such as; mortgage, rent, motor vehicle insurance and repayments, Extra tuition, petrol, medical and health as well as food and groceries were the biggest ticket items. Whilst general HH expenses most likely to be purchased by students themselves included takeaways, toiletries/ cosmetics, food & groceries and airtime.
Check out more trends that have come out of the SA Student Spend Survey 2015 at this link
For more information and to get the full unabridged report please contact [email protected]