The days of independence have taken a backseat. Money crunches have forced students to stay on with their parents. This is a strategy to save money and shun debt related problems.
July 19 (
www.loans11.co.uk) London: A study by a leading financial services provider claims that almost a third of young Brits on the way for higher studies intend to cut costs by staying on with their parents. More than 80% of the people feel that this is an excellent way to save pennies.
Students have become extremely money savvy in the recent years. A necessity since most of them feel that they will not be able to support themselves financially if they don't find any part-time employment while at school. Beginning university life with a debt free profile is certainly a well thought out plan.
This is certainly good news at a time when research by National Savings & Investments reveal that over 15% British consumers are bad money managers with no concern about their financial future.
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