One of the most basic money management techniques is learning how to budget properly, which is often a new experience for many college students. Whether you’re working with a student loan disbursement, work-study payments, or income from a part-time job on or off campus, you’ll need to learn how to stretch that money and work with what you have. Budgeting will always involve some sacrifice – impulse buying is a big no-no – so be ready to make some tough decisions on what you can and can’t afford.
Lucky for you, you can stress a little less on where to get started with your personal budget. We’ve come up with tips on creating a budget, step by step, so that you have an easy reference to help you come up with a plan for managing your income and expenses. These tips are good even after you’ve graduated too, because basic money management is always useful, whether you’re counting pennies on campus or at that first job post-graduation.
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