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Studying is never-ending pinching and scraping – an association that most people have with the words ‘student’ and ‘money’.


More than half of university students are concerned about money and their financial wellbeing. Continuous stress about making ends meet is a burden and takes away energy from concentrating on one’s studies. Lack of money reduces opportunities for self-fulfilment and social interaction when you can’t afford hobbies or even a bus ticket.

Uncertainty about one’s income is no small burden; it affects the wellbeing of the student in a very holistic way. Inadequate livelihood causes stress. It is linked to issues in academic performance, social functioning, and physical health. It is also a significant risk factor for mental health problems.


Flexibility, budget-friendly shopping choices, and creative problem-solving skills help students keep their finances in balance. These are financial skills whose mastery varies from one individual to another. Furthermore, in a new life situation, such as the start of one’s studies, your spending can take you by surprise. Indeed, young adults who are newly independent and have recently moved away from home are at significant risk for problem debt. These students’ disposable income is often low, and they do not always know how to relate their spending to their new life situation.

However, you can practice financial skills and learn to plan how you spend your money. Great tips for managing your finances

“Uncertain livelihoods affect student wellbeing”