3. Reflect on the knowledge you have gained from the Financial Literacy unit in the UFSS1504 module.

Question

3.1. Name TWO common financial mistakes that students are likely to make during their university studies. – 2 marks

Answer 1

1. Overspending on unnecessary items such as eating out frequently or buying expensive gadgets.

2. Not creating a budget or keeping track of expenses, leading to financial instability and debt.