UJ STUDENT HEALTH AND WELLNESS STUDENT GUIDE 29 Managing Money as a Student: A Practical Guide for NSFAS-Funded Students University life comes with freedom, opportunity, and financial pressure. For many students, NSFAS funding is a lifeline—but it can disappear quickly if not carefully managed. This article offers practical tips to help you stretch your allowance and build healthy money habits. Know Your NSFAS Allowances Start by understanding what you receive and when. Create a simple budget including food, transport, toiletries, data, printing and emergencies. The 50-30-20 Rule (Student Edition) Use this method to control your spending: 50% needs, 30% wants, 20% savings or academic essentials. Avoid Lifestyle Pressure Don’t compare your allowance to others. Prioritise what you can afford. Stretch Your Money With Smart Buying Buy store brands, cook in bulk, and use monthly data bundles. Good money management doesn’t mean depriving yourself. It means protecting your future. Managing NSFAS money well today builds independence for tomorrow.
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