College life is commonly seen as a time of newfound independence. This new life chapter is met with late-night examine periods, a buzzing social life and the fixed balancing act of managing funds. However the place do college students actually spend their cash? The Varsity Vibe 2024 Scholar Spend Survey, capturing 18,819 responses, gives an interesting look into how college students in South Africa allocate their funds.
Takeout tradition is one other key participant in pupil spending, with 38.36% of respondents admitting they spend a good portion of their cash on it. Whereas home-cooked meals are sometimes the extra economical alternative, the calls for of college life – lengthy class hours, assignments, and social actions – make comfort a high precedence. Social and leisure bills adopted, averaging R796 per thirty days.
Past meals, college students additionally prioritise style and sweetness. Clothes and niknaks account for a median of R992 per thirty days, whereas almost a 3rd (30.82%) of scholars dedicate a notable chunk of their funds to cosmetics (skincare necessities, make-up, and many others.).
We all know that monetary independence isn’t at all times straightforward, however that’s the place we are available. Our partnerships with the likes of Dis-Chem, Superbalist, H&M and Nando’s present college students with cost-saving alternatives on important purchases, from groceries and self-care merchandise to style and meals. With these offers, college students could make smarter spending selections with out sacrificing the issues they love.
This survey highlights a significant adjustment for college students managing their very own funds for the primary time. As the price of dwelling continues to rise, Varsity Vibe stays devoted to making sure college students can stay higher for much less and #NeverPayFullPrice.