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14 October 2009
University students have been offered the chance to improve their money skills and win a cash prize by successfully guessing the difference in cost between two shopping baskets.
Part of The Money Doctors project aimed at improving students' financial skills, the Student Support Centre offered a £50 cash prize to the student who successfully guessed the difference in cost of the two shopping baskets.
With some 200 students taking part, the offer forms part of a series of events throughout the academic year promoting financial awareness and money management - including taste test challenges and budget and debt workshops in the Student Development Unit.
The Money Doctors is delivered through Student Money Advisors at universities and aims to equip them with the skills and tools to educate students about money management.
Head of Student Advisory Services, Ben Lewis said: "Freshers’ week sees thousands of students descend on Cardiff. For many, this will be the first time they will have had to deal with their own finances.
"The world of student finance is much more complicated than it used to be. These partnerships are an attempt to help students gain the skills they need to look after their money during University and so make the most of the opportunities higher education provides.
"Universities need to encourage students to take responsibility for their finances with confidence, so that they are better equipped to do what is needed while at University and manage their finances in the future. This way we can enable our students’ financial capability for life."
Final year French and Italian undergraduate, Ceri Roberts, scooped the cash prize with the closest guess coming within 3 pence of the actual cost difference.
As well as The Money Doctors project, students can access a whole host of information and advice about dealing with their finances as well as information on debt management.
The University’s Financial Support Team also manage a range of means tested funds students can apply for if finances become a problem. A free and confidential advice service is available to all students at the University’s dedicated Advice Service based at the Student Support Centres on Park Place and on the Heath Campus.
Ben Lewis added: "Cardiff University’s team of student advisers provide a high quality, confidential, accessible support service for all our students throughout the year.
"Our service is free, impartial, non judgemental and confidential. We offer advice, help and support to students, applicants, parents and others, on a wide range of personal, financial and academic matters."
Students wanting money advice can make an appointment by contacting the service by calling 029 20 874844 or by emailing email@example.com.
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