March 31st, 2020

Budgeting key to money management

Alexia TalleyI believe that learning how to manage money is the most important thing you can do while you are in college to ensure that you start off on the right foot financially.  Most people do not know how to properly manage the money that they may earn once they step out into the world. I believe that budgeting is the main element in efficiently managing money and getting off on the right foot.

College is a stepping stone into the world so learning how to manage small amounts of money during that time will help you to manage larger amounts in the future after you graduate. To save money you need to manage it, so it is important that you do not spend all of the money that you earn. It is all too common that we see people spending more money than they actually earn, and this can be easy to do directly out of college.

Learn to budget the money that you have at your disposal while you are in college. It can be easy to spend the extra money that you have on unimportant things, especially at a fairly young age. So instead learn to save the extra money even if it is little by little. Therefore, it is important that one learns how to start a budget in personal finance classes or even from some family members.

Alexia Talley, 2013 Graduate of Whites Creek Comprehensive High School

Category: College Bound