Candyce Braithwaite

Students not ready to run budgets

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.

- APN NEWSDESK


’BIG PLANS’: Kmart reveals what the Roma store will include

Premium Content ’BIG PLANS’: Kmart reveals what the Roma store will include

ROMA’S Kmart Hub is on track to opening within months and they have revealed what...

MEGA GALLERY: Mitchell’s Paint it Read in pictures

Premium Content MEGA GALLERY: Mitchell’s Paint it Read in pictures

THE Mitchell community, schools and businesses came together for the 13th Paint it...

CRIME WRAP: Woman arrested for carrying knife in Roma

Premium Content CRIME WRAP: Woman arrested for carrying knife in Roma

A WOMAN will face court after being caught with a dangerous weapon in Roma.