Budget Challenges

What is one of the main challenges students face when creating a budget?

• Understanding the difference between needs and wants

• Finding a high-paying job

• Choosing the right bank

• Investing in stocks

Why do students often struggle with budgeting?

• Lack of financial literacy

• Too much free time

• Excessive savings

• High interest rates

What can fluctuating income lead to for students?

• Difficulty in planning for future expenses

• Increased savings

• Stable financial situation

• Consistent monthly budget

How can peer pressure affect students' budgeting efforts?

• It can lead to overspending

• It encourages saving

• It promotes financial literacy

• It reduces financial stress

What is essential for financial stability according to the passage?

• Learning to say no and sticking to a budget

• Borrowing money from friends

• Spending on entertainment

• Ignoring financial planning