A Student’s Guide to Managing Money
Keep the Fun, Cut the Costs 💰
With student fees hitting different, and daily spending creeping up, it's easy to feel overwhelmed. But did you know that with some savvy planning and smart budgeting, you could actually level up your financial game and ditch that money stress? Here are just some ways to help yourself stay on top of your finances and crush your academic goals without breaking the bank or your brain.
Understanding Your Income and Expenses: Know Your Flow
Before you can build your financial finesse, you gotta know what's coming in and what's going out. Think of it as your financial inventory status. Let’s go through some key words:
Income Sources: Where's the Money Coming From? 💵
- Financial Aid: Scholarships, grants, and student loans – your academic lifelines
- Jobs: Side hustles, part time jobs, past jobs or gigs
- Family Contributions: Funds from the fam
- Savings: Any cash you've stacked up before the school year.
Student Expenses: Where Does It Go? 💸
- Tuition and Fees: Typically the largest cost of higher education.
- Textbooks and Supplies: Tablets, laptops, storage space and physical books (pray that your professors don't have a textbook requirement)
- Accommodation: Dorm, rent, utilities, and all things living space
- Food: From late-night snacks to meal prep Sundays.
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Jasmine Huisa is a DoSomething member and aspiring communications professional, who holds an AA degree in Communications from Queensborough Community College of The City University of New York (CUNY). She is an honor student, as is a Phi Theta Kappa member.
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