What Challenges Are Faced By Students While Saving Money?

[Good-Guy1]

There are many students who have to save money. The fact of the matter is that saving money could be one of the hardest thing for a student. I believe that students have to face many challenges when it comes to saving some extra cash. First of all, many students have to make education as their top priority. This also makes it very hard for them to actually save money, as the education is quite expensive nowadays. Apart from that, many students have to work and they would have to pay the rent as well.

They may not rely entirely on their parents because many parents cannot afford many things for them. The students have to also pay money and buy food as well. They have to buy clothes, and they have to deal with many expense. The main problem with students is the fact that they also tend to earn much less amount of money as compared to other people. This is because students tend to have less experience as compared to others.

I do agree that not all the students have to go through this issue because some of them could be rich. However, the fact of the matter remains that majority of them are not rich and they have to manage their expenses themselves. So, what are Some of the other challenges faced by a student? What challenges did you face as a student?

 

[Yusra3]

The challenges faced by students while saving money can be very different. Some of them have problems with budgeting, while others have financial issues.

The first problem that students face is budgeting. They do not know how much they should spend on certain things and they waste a lot of money on unnecessary things.

Another problem is that they do not know where to find information about saving money and how to get the best deals. Some people believe that it is a complicated task but this is not true because there are many websites online where you can find all kinds of information about saving money easily.

 

[Johnson2468]

The lack of financial education is one of the main challenges. Many students have never been taught how to save money or create a budget, which can result in their making bad financial decisions. Students may not understand the value of saving money or even how to save money successfully if they lack adequate financial literacy.

The temptation to spend money is another issue that students deal with. There are numerous ways for students to spend money, including on entertainment, shopping, and eating out. When everyone else in your vicinity is spending money, it can be challenging to resist the impulse to do the same.

 

[Imran Noori]

I think there are several challenges that students face for saving money, most students can not even save a cent because during your education stage you need to spend and invest on yourself.

But I want to mention that these kinds of students who are relying on themselves and besides that, continue their educations will be very successful in their lives because they already tasted hardship and have experience in it.