Savvy Students are Helping to Boost the Bank of Mum and Dad
The nationwide poll of 18-29 year-old students in full-time education, which put their budgeting and cash saving techniques to the test, revealed that Britons could save up to £6bn per year if we learn from smart students who are leading the way.
Students' financial habits still have an erratic, hedonistic character, but they are also defined by ingenuity and 'savvy' - especially when it comes to technology
And we don’t mean sofa surfing, cutting your own hair and surviving on a diet of baked beans…The survey revealed that rather than being a burden on their parent’s purse strings, the Net Generation of savvy young adults are not only keeping a tight grip on their own cash flow but they are also teaching their folks canny tricks and tips for saving money.
The poll found that 87 per cent of students are actively educating their parents about simple yet effective ways to stretch their household budget. By sharing their know-how about money-saving products and sites such as SambaMobile.com, Skype, Spotify and VoucherCode, and lifestyle discount sites such as Groupon, students are showing us exactly how we could all slash our monthly expenditure.
If Brits embraced just three of our students’ top tips – using free mobile broadband, Skype and Spotify, we’d save a whopping £6bn per year. And by switching to SambaMobile.com’s, free mobile broadband service alone, Britons could save a staggering £1bn per year.
Oliver Brann, Editor of StudentBeans.com, said: “With the state of Britain's' economy and high cost of living, it’s hardly surprising that students are the quickest group to embrace value exchange models offered by the likes of Sambamobile.com and Spotify which give you a free service in return for viewing adverts.
"Students are always quick to adopt new methods and models for saving money and people can learn a lot from what they're up to. Students' financial habits still have an erratic, hedonistic character, but they are also defined by ingenuity and 'savvy' - especially when it comes to technology," Oliver said.
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