As a student, you should be able to manage finances well, so that you don’t experience financial difficulties. So that you can complete the study program well, because you don’t have financial difficulties or problems.
Therefore, you must know how to manage finances for students as follows:
1. Calculate Cost
You have to calculate your own expense budget, you have to weigh the costs and losses for everything you do. Make a budget that is important and not important to do. Count whatever you do because time is so precious to the hour.
2. Actions as Investments.
Take all actions as an investment, do things that make you more profitable than doing other things that can harm you. So consider a more favorable rate of return for whatever you are going to do. With this you make any action as an Investment.
3. Reduce Time For Your Around.
You need to spend less time around yourself, that is, reduce the unnecessary meetings with your friends. Likewise, you also need to be able to reduce meetings with the people closest to you. Because meeting people around you or your close friends will be unfortunate for you as a student. You have to invest time in your studies and studies.
4. Open a mutual fund.
Open a Mutual Fund for you, this will bring benefits to your future. Open savings for the future, make it your own self by setting up savings for your retirement with very low taxes that will bring benefits to you for your future.
5. Start Saving.
After you complete your study program, look for jobs in accordance with your field of study, or any employment opportunities that match your interests and abilities. After working and earning your salary, you start saving. Save up to 15% of your salary, or more if you want to save on your daily expenses.
6. Salary increase
Do your best to work to your full capacity so that you will get the salary increase you want. If possible, ask for an increase in salary for your needs, according to your capacity to work.
7. Learn to Give.
Learn to give with others, by giving we will become rich which is not only measured by the finances we have. But it is true to be rich by giving to others.
8. Spend less.
Reduce your Shopping or consumption, so you save more. Learning to shop for something that is most needed and considered important is the main thing. Cut down on unnecessary shopping.
9, Ask Friends’ Opinions.
Ask your friend’s opinion as a reference in making decisions about something you will do. Your friend’s opinion as a consideration for doing something that should be done as an alternative and a reference for doing it.
10. Say no.
More often than not, say no to things that don’t really matter. Learn to discipline useless things with you, so that you can say no to useless things.
That is what you have to do how to manage your finances as a student that will bring you a prosperous life.
Hope you always be prosperous and always happy.
Written: Goodjob, article source: Forbes.com
Photo Illustration: pexels.com
Also read : How To Save Money For Higher Education.