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1 in 7 Students Face Financial Crisis—UniBank and WSU Commit to Take Initiatives

walletsmart
November 10, 2020
Author : Celina

A recent study revealed that 1 in 7 domestic students regularly go without food or other necessities due to lack of financial resources, and with students having the least financial literacy.

To address this alarming situation before it explodes, UniBank and Western Sydney University have together started a pilot project for upskilling financial literacy in students.

Wallet$mart app helps students understand how to budget & save money. Upon joining, students take a quiz on personal finance topics, their results produce a “Wallet$mart score,” one can improve their score by working through the content available.

Student input is critical as app created caters to different living and studying arrangements including international students. After the initial pilot, app users will participate in focus groups to provide thorough feedback on the its design and utility.

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About the Author

Celina

Celina

Hello, everyone! I’m Celina, an educationist and academic consultant. I enjoy reading, learning, and implementing the same in the assignments. I also take a lot of pride in guiding students with their assignments. I have 6 years of experience in writing assignments for students and when not doing that I follow my passion for blogging. I spent my spare time often researching new trends of writing.

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