What are some really good money management tips for a college student?
I am really horrible at managing my money, and having to be fairly independent in college is not helping the situation. I work to make personal spending money, but I will eventually have to start paying off student loans, plus every so often something important that I have to pay for comes up. How do I handle my paychecks so that I am not blowing them within a week?
First pay yourself by putting 20% of your check into a saving account "just incase". Really, you should have at least $1,000 in an emergency fund, but do what you can do. Second, make a budget and stick to it. Use the "envelope system" and keep a preset amount of cash in an envelope… when the money is gone for the week/month, so is your spending.
sit with a piece of paper..& write down all ur usual exp. for a month.then ur source of income…fig.out which all exp can be avoided & which all can be reduced..like phone bills,electricity bills etc.& then recalculate how much u can save…this way it’l help u to save
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First pay yourself by putting 20% of your check into a saving account "just incase". Really, you should have at least $1,000 in an emergency fund, but do what you can do. Second, make a budget and stick to it. Use the "envelope system" and keep a preset amount of cash in an envelope… when the money is gone for the week/month, so is your spending.
References :
Dave Ramsey’s principals. He has awesome knowledge.
Daveramsey.com
Try the following site. Its not an MLM business.
Just a few tips… But really helpfull
Here is the link
http://easy-money-making-tips.blogspot.com
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if you do what poster numbe one and two do you will solve your problem and develop habits that will last a life time!!!
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