“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” James W. Frick. The six common spending habits of the youth in South Africa trend as follows:
1. Entertainment
One of the major things students spend their money on is entertainment.
This ranges from cinemas, social events, game arcades, concerts etc.
One very active part of a student’s life, is their social life. Students know that when you work hard, you have the right to play hard too.
2. Clothing
Students are always up to date with the latest fashion and trend styles.
What you wear, when, where and why are vital when stepping out in the public eye.
Students know when you look good, you feel good.
3. Education
Students nowadays are very passionate and determined. Not all students rely on their parents anymore to pay for their studies but take it upon themselves to achieve their dreams and pay for their education themselves.
4. Accommodation
The youth of today favour independence and knowing that it only takes “Me, Myself & I” to get things done. Finding your own place, be it alone or sharing with a friend, is a step in the right direction to gaining your freedom.
5. Travel
How will I get from point A to point B? A question the youth often find themselves asking. Whether they have to go to work, school or on a night out travel expenses is a daily reality.
Aside from their everyday lives, the youth love to explore and this entails international travel, contributing to the likes of contiki tours and back-packing.
6. Data and cellphones services
The internet and social networks can be considered a second home for the youth. Facebook, Instagram, Twitter etc. are platforms that majority of students are socially dependent on. In order for students to be able to access these websites and pages they need data as well as a connection to a cellphone network, all of which cost money.