'Little treats' are popular with students, as HECS debts rise and housing remains unaffordable

At just 23, Veronika Gobba owes over $41,000 in HECS debt on a course she's yet to complete.But there are some things she's not willing to give up – her iced vanilla lattes and frozen yoghurt treats."Spending money on little treats can bring you joy when don't feel optimistic about being able to make bigger purchases long term.

"You're sitting here with a huge student debt and ... you just want to go and spend your money on a little luxury to make yourself feel a little better." CoreLogic's April data shows Perth property prices have risen more than anywhere else in the country. The median house price is now $753,947."Saving a little portion from a casual job isn't going to feel like it's making much of a difference."The idea of treating yourself to a little luxury you can't afford is nothing new.

"Young people are under a lot of psychological stress. Their psychological bandwidth is much lower which can make it hard to make sensible financial decisions."Mr da Silva Rosa said in his generation, saving up for house was considered a reasonable goal that didn't impinge too much on one's lifestyle.

Younger generations are also more likely to spend their disposable income on experiences – viewing saving for big-ticket items as "unrealistic" and having a "spend now" mentality, according to Mr da Silva Rosa. HECS debts an 'insurmountable barrier' for those who take time out of the workforce as debtors call for further reliefDutch artist Joost Klein kicked out of Eurovision after complaint from female stafferSecond man charged over Perth bashing revealed to be former detainee released under Coalition's watchIf the Hallmark version of Mother's Day feels like a punch in the gut, you're not...

Source: Loan Digest (loandigest.net)

Wa News HECS Debt Cost Of Living Little Luxuries Little Treats Cost Of Living Crisis Student Spending Hecs Debt Relief Cost Of Living Perth Cost Of Living Wa Student Cost Of Living Cozzie Living Cossy Living Cozzy Livs

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