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


Philip’s unconventional royal romance

Premium Content Philip’s unconventional royal romance

Prince Philip’s rather unconventional romance blossomed into love

Philip’s deep bond with Australia

Premium Content Philip’s deep bond with Australia

Prince Philip visited Australia an astonishing 35 times.

Traffic diverted after girl trapped in highway crash

Premium Content Traffic diverted after girl trapped in highway crash

A teenage girl was trapped in wreckage following a Warrego Hwy crash