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How to waste money

30/6/2016

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New Zealand has one of the highest university drop out rates. That means that the students probably incurred tens of thousands of student loan debt for nothing. Some drop outs can't be helped, but don't shoot your future financial self in the foot by going to university without being sure that it is for you.

Some recent drop outs were interviewed by Vice magazine. Don't fall into the same trap. If you want to spend your life partying, or don't know what you want, it will be cheaper to get a job or travel until you've sorted things out. As a society we need to do better for our young people by encouraging a better level of financial literacy and by making sure that they really understand the implications of getting into debt.


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