College Student Spending Habits

STUDENT ID ROOM AND BOARD AND GADGETS AND PIZZA COLLEGE STUDENT SPENDNG HABITS SPEND MAP COLLEGE STUDENTS The average college SPENDING BREAKDOWN student owns 6 digital devices that they use around 11.4 hours per day. 97% own a personal computer 94% own a mobile phone 40% DISCRETIONARY (technology, entertainment, clothes, cosmetics, etc.) 25% own a tablet 26% ROOM AND BOARD 3.3% 19% TUITION AND FEES own an ebook reader 12% OTHER EXPENSES EARN S 3 out of 4 students hold jobs while in college - most often one of these: Waiter/ Hostess/ Busser/ Bartender Resident Assistant Babysitter Tutor That's only Through part-time jobs and help from mom and dad, the average student income is about $14,400 per year, but it adds up - college students have a combined $4 17 BILLION in spending power.. $1,200 per month. S MANAGE Not all students live within their means - 84% of undergrads have at least one credit card. Z1%. of undergrads have a 9 out of I0 undergrads used those cards for education- Related purchases, lke books and supplles. CRedit card balance between $3,000 & $7,000. and when it's all over, seniORS graduate with an average of $4,100 in credit card debt. In a recent study, 84%0 of college students admitted they need more education on financial management. A pre-paid credit card, like the Nationwide Bank Buxx Card, can help promote good spending habits in college, so that students start learning smart money management skills now and avoid the debt trap. ONationwide Bank Also, consider reviewing your car insurance policy for additional savings. Qualifying for a good student discount from Nationwide Insurance you can lower your monthly bill, and maybe even leave enough money left over for a seventh gadget. Sources: http://www.odassoc.com/resources/docs/student_spending_behavior.pdf http://www.harrisinteractive.com/vault/Alloy-Medla+Marketing-College-Explorer-Study-Jul72010.pdf http://bloomington.in.gov/media/media/application/pdf/1470.pdf http://www.stateuniversity.com/blog/permalink/The-Spending-Habits-of-College-Students.html http://static.mgnetwork.com/rtd/pdfs/20090830_iris.pdf http://globenewswire.com/newsroom/news.html?d=233848 http://www.huffingtonpost.com/2010/06/28/998-of-college-students-h_n_628161.html http://www.ecampusnews.com/top-news/college-students-tablets-will-replace-textbooks-by-2017/ http://people.howstuffworks.com/how-net-generation-students-work.htm http://www.ala.org/lita/ital/sites/ala.org.lita.ital/files/content/30/3/pdf/foasberg.pdf Nationwide Bank