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October 19, 2022Reasons Why You Should Study Management
October 19, 2022Managing finances has become an obligation for students to be able to meet living expenses for one month. However, the number of needs and desires becomes a problem for students, so they spend more than the existing budget.
Students must be able to live independently and manage their daily lives, from preparing their food, washing clothes, ironing, and many more. They must be done by themselves, including being able to manage their finances.
Read: Tips for Overcoming Student Burnout During Lectures
When we live in front of our parents, we feel we are never lacking, and our needs are always fulfilled. However, when we live alone and away from our parents, we inevitably have to be able to manage our finances well every month to survive.
Even though you come from an established family, your parents always allocate their monthly allowance for pocket money. This time we will share tips on how to smartly manage pocket money every month for students.
1. Create a Shopping List
When we get pocket money at the beginning of the month, we immediately make a shopping list of what we must do for the next month.
We can estimate spending starting from the cost of food, water, electricity money, and equipment that has run out, such as toiletries.
2. Rated Money Per Day
We must estimate the money needed for this one day to maintain financial status. For example, if we only go to campus today, we may only bring the fare (if taking public transportation) and lunch money.
The rest is left at home, so we want to buy something we already know we need more money for.
Reduce the desire to buy things that are not important because we are far from our parents. We are responsible for our finances.
3. Saving
Saving needs to be done by everyone, including students. Save a function as a reserve deposit as the last resort in times of monetary crisis.
Saving can be a little; for example, Rp. 1,000 or Rp.2,000 and above, if in a month can be collected around Rp. 30,000 and above. Pretty good, right?
4. Don’t delay paying bills
When you already live in a boarding house, it’s best to pay bills early. Usually, the students like to delay paying the bill because they forget and the money has been used for other needs. So no more money to pay bills. If you still like to delay paying bills, from now on, wait to do it again. Please pay immediately if the bills come, such as paying for boarding, paying for electricity, and others.
5. Collecting Changes
Collecting change is also a saving activity. We must often shop at the supermarket with the remaining under Rp. 1,000, if this is spent, it certainly doesn’t have much meaning, but if you collect it, you will feel the benefits.
6. Choose a Student Level Dining
Well, we must know our status as students. Are you a student, a boarding child too, right? Well, students must be more intelligent and more thoughtful. So choose a place to eat with a student level. The point is to understand our financial situation as students. The point is to look for cheap ones, but always try to eat rice.
7. Avoid Buying Mineral Water
Avoid buying mineral water in glasses or bottles because this also includes waste. Try always to bring a drink from our boarding house.
8. Taking Enough Money from ATM
If the pocket money is sent via a bank account, then take just enough money for a week’s needs. No more, because if we still have money in our pockets, we will be tempted to buy things we don’t need.
9. Save Internet Quota Usage
Gadgets and the internet are inseparable from human life today. Limit quota usage and use Wi-Fi in locations that have Wi-Fi or turn off quota while sleeping.
Life is a struggle, and education is a future that must be hard-earned. The student must strive to achieve the highest level of education for a bright future.
Hopefully, with these tips, you will be greatly helped in managing finances, especially as a boarding house child, so that you can always go through lectures smoothly.
You can learn more about other exciting information through the official UMN website. On the website, you can also choose the online registration procedure according to your choice. Come on, register now and start your career with UMN!
Sources:
yoursay.com
ruangmahasiswa.com