Quiz: University students – how financially savvy are you?
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Quiz: University students – how financially savvy are you?

Quiz: University students – how financially savvy are you?

The transition from high school to university can be daunting. Students aren’t just adjusting to a new academic workload (and for international students, foreign ways of learning). For the first time, they’re assuming the role of an adult who can manage a budget and pay their bills on time, on their own without any guidance. 

Reports suggest many university students struggle financially, sometimes due to personal circumstances or poor money management, among other things.

But students aren’t to blame. Critics and educators have long argued that financial literacy – or knowledge that helps us make better decisions about money – should be taught in schools to better prepare students for adult life. 

Despite this lack of knowledge, university students may think they have their finances under control. But are you, really? Do you mull over major purchases or are you an impulse shopper? Do you swear by a monthly budget? Are you financially savvy? 

Take our quiz to see how well you fare:

Which of the following can hurt your credit rating?

1.-Credit-rating  Source: Shutterstock

Credit card companies often offer numerous perks to card holders. Should you consider getting one?

1.-Credit-rating  2.-Credit-card  Source: Shutterstock

What are some of the essentials university students should consider budgeting for each month?

1.-Credit-rating  2.-Credit-card  3.-Budget  Source: Shutterstock

Ideally, what should cash-strapped students avoid spending their money on, whenever possible?

1.-Credit-rating  2.-Credit-card  3.-Budget  4.-Takeaway  Source: Shutterstock

Painful financial truths: which of the following statements have some truth to them?

1.-Credit-rating  2.-Credit-card  3.-Budget  4.-Takeaway  5.-Financial-truths  Source: Shutterstock

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