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Over half of university students worry about their financial situation, impacting their ability to focus on studies and engage socially or recreationally. Inadequate finances contribute to academic struggles, social isolation, and physical and mental health issues.
Financial skills are very important: effective budgeting, creative problem-solving, and adaptability are essential for managing limited funds. Newly independent students are particularly at risk for problem debt due to unexpected expenses.
Practicing financial planning and seeking tips for budgeting can help students navigate their financial challenges and reduce stress.
Learn more about the topic in the following articles.
More than half of university students are concerned about money and their financial wellbeing.
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