Ask any student what is the hardest part of being a student and they will often tell you that it is having no money. Undertaking tertiary studies often limits your ability to earn substantial sums of money and therefore students tend live on small, fixed incomes.
Common money traps include:
- high interest credit cards
- bank charges
- mobile phones
- rent-to-own plans
- purchases with interest free periods.
For advice on how to avoid these money traps, click here.
The Australian Governments MoneySmart website has some really valuable budgeting tools including the free TrackMySpend App.