How to Make a Weekly Budget for College Living.
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1. The Function of Student Budgeting.
Are you in a situation where you are worried about going to college but don't have any income for yourself? Or maybe you just want to know a little more, understand more about how to get a job, add a weekly student income.
According to our latest survey, most of the students surveyed said that they want to have a solid financial foundation for their studies before they are ready to go to school. And if you read this article with a confused mind about the future, do not know how you will make a financial plan for yourself. Well, this article we made is for you and people like you.
Everyone knows they are not an easy thing to learn how to organize your expenses just by reading an article. Although it is not an easy thing to learn, with our suggestions for you, you will surely have the experience to organize your expenses while still a student. Here we show you how to organize your expenses while you are a student, but these can also be small steps for you to learn how to manage your spending not only in time student period which could very well be life.
When you hear about making a spending list, you think it's boring, right? We have to admit it is extremely boring and is an action that few people have any interest in doing. But on the contrary, it has a very important value for you, when you want to tighten your spending, control the amount of money you spend weekly, monthly, annually, even over such a long time.
Imagine when you receive your salary at the end of the month and you will use 1/3 of that money to spend the month but instead of using 1/3 of the money, you have used 2/3 but still don't have enough for a month. If you have a surplus of savings that can make up for it, it's not worth mentioning. But if your savings are small or almost nonexistent then I'm sure you need to rethink what you're overspending on.
Now is an excellent time to start developing a spending list and looking into the specifics of what you've been overspending on. Once you've identified the source of the problem, you may simply resolve it within the following month and never have it happen again.
2. Make your budget.
Making an expense list is simply listing the things you've bought, you've burned through in a certain period, all the expenses you've paid. You should pay attention and keep an eye on even the smallest changes so that you can calculate the spending balance yourself to have the best value for yourself. Once you have a spending list, you can establish objectives, and the temptation to spend on yourself will help you spend less money and save more.
We will list the most basic, simple steps so that a beginner can also create a spending list for himself:
· Find the cause
First, you need to find out what is the biggest cause of your money dropping so dramatically. It can be fun, shopping or also a lot of other related things that can affect your money.
Which we have researched the sources of income of students directly from scholarships in the study, salary from overtime work, work can be full time or part-time, salary subsidy from the government, money sent to you by your family for your studies or sometimes your savings. But with that amount of money not being able to support the money you have wasted, I am sure you need to review your spending.
· Calculate how much money you spend each month to meet basic requirements.
You need to list out all the categories you consider necessary in your life. Those amounts can be rent, electricity, water, food, etc. The essential needs that every individual student needs to have. Try to calculate how much money you spend each month on these essential needs and from there you can work out how much money you spend on unnecessary things.
You can easily calculate unnecessary expenses for spending such as going on a date, going to class, traveling with friends, shopping money, beauty expenses for yourself,...
3. Calculating a spending budget for a specific timeframe.
We propose that you compute your entire income and then subtract your necessary costs to see how much money you have leftover. This is the amount you will save.
With the money you save, you will plan to use them to spend reasonably, be it resting, traveling, going out with friends, going to beautify yourself.We recommend that you make a list of what you need to spend for each week instead of each month, the smaller it is, the more effective you will be at it.
4. Make precise plans for yourself and create goals for yourself.
We will be very happy if you get the experience and knowledge from this article. From that knowledge, you can make separate, perfect spending plans for yourself to help you have reasonable and effective spending.
With effective spending, your life will appear to be a lot easier since you will not have to think about what you will have to do to save money or decrease unneeded goods in your life. You can spend the money you save on activities that you enjoy. That is one of the reasons we wrote this post, to provide you and others with useful tips for improving your life.
