After ‘necessities’, students can only dream of saving

STUDENTS are becoming increasingly aware of the need to save for a rainy day and strive to put some of their monthly allowancesaway – but with increasing petrol, electricity and food prices, some are battling to save.

With a recent survey showing students were not prone to saving and instead blew their cash on booze, cigarettes, clothing and their partners, students in the Eastern Cape said it was not by choice but because there was not enough money for everything.

The Student Village survey, in which 3646 students aged between 18 and 24 were polled, also found that students spent more than the average South African at R45216 and R25208 respectively. – Zandile Mbabela

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