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By: Theresa Pugh
Published On: October 21, 2014Financial planning is important, especially for students. Whether you return to school on a full or part-time basis, managing your all-important cash flow can make a world of difference to your well-being. And the truth of good money management is surprisingly simple. In essence, it’s all about ‘the budget’.
In an age of quick and easy credit, people forget that once-upon-a-time, yes, back in the dark ages before the internet, living within a budget was actually considered common-sense. If you earned $1000 dollars a month and your expenses came to $1200, well, you are over-budget.
As Dr. Phil might say: “How is that working for you?”
Budgets allow you to manage your money. A monthly budget can help you decide how to spend your money, plan for your future, pay off existing debt, and save a few dollars each month by reducing wasteful and impulsive purchases.
There are a number of great money management tools on-line. One of these, https://www.mint.com/ is worth checking out. Mint pulls all your financial accounts into one place. Set a budget, track your goals and do more with your money, for free!
To create your monthly budget, follow the simple steps below:
Tips to Increase Savings
References:
http://www.bu.edu/studentloanaccounting/student-loan-resources/financial-literacy-creating-a-budget/#WEB
http://www.dummies.com/how-to/content/how-to-create-a-monthly-budget.html
http://content.moneyinstructor.com/146/extreme-budgeting-is-it-for-you.html
The information contained in this post is considered true and accurate as of the publication date. However, the accuracy of this information may be impacted by changes in circumstances that occur after the time of publication. Ashton College assumes no liability for any error or omissions in the information contained in this post or any other post in our blog.