WHAT’S THE BEST WAY FOR COLLEGE STUDENTS TO MANAGE MONEY?

Money for everyone is an essential thing. Especially when you are a student, money is a crucial requirement. When you are a student, you must be able to think maturely. Especially if later you have to be a boarding house child and away from your parents. Of course, managing finances is mandatory. This is not only for people who are already earning, but students must also be able to manage finances. Because, at this time, you are required to be responsible for yourself, from managing time to managing finances. Managing finances is not easy, including for adults who already have a steady income. But if you are used to managing finances from an early age, you will have a good basis for financial management.

Some ways that humans can do to manage their finances well are by saving. With regular savings, you can start investing in college. The money saved will be helpful in the future, such as buying a printer, so you don’t waste money on printing college assignments and theses. Then, if you shop as needed. Of course, an extravagant lifestyle often hits a person. To avoid this lifestyle, when shopping for monthly necessities, you should make a list of things that must be purchased. With a shopping list, you will focus on the items you need and avoid a wasteful lifestyle. Next, record expenses. If you have used money in a month, make sure you record these expenses. Prioritize mandatory recording expenses like paying rent and food. Try to record it in detail so that costs in the next month are more controlled. And don’t forget, the source of income is put to good use. Apart from expecting pocket money from your parents, you can also look for other sources of income, for example, by doing an online shop, freelance, or part-time work. Choose a flexible job, so it doesn’t take up your college time.

The tips above are tips that students can do to manage their finances. Arrange it well, so it doesn’t become “Lebih Besar Pasak daripada Tiang” aka too much expenditure compared to income. But if your expenses are more significant, you can cut costs that are not really important. Keep evaluating your costs every month regularly. Let’s practice managing finances from income to expenses that you routinely use every month so that your financial condition remains healthy and does not ask for additional pocket money from your parents.

References:

How to Manage Money in College – College Raptor. (2020, September 2). College Raptor Blog. https://www.collegeraptor.com/paying-for-college/articles/financial-advice-planning/how-can-students-manage-their-money-during-college/

geralt. (2014, October 23). Dollars Currency Money Us – Free photo on Pixabay. Pixabay.com. https://pixabay.com/photos/dollars-currency-money-us-dollars-499481/ (for picture)