How Do You Set Up And Keep A College Budget?
Most college students need to take out loans to pay for college, resulting in large debts after graduation. But, college loan debt is a worthwhile investment in the student’s future. Financial problems after graduation usually result from racking up unnecessary debt in college. Budgeting is an essential tool to keep post-graduation debt down, and personal finance software can help college students keep a budget. College Budget Mindset A college budget puts the student in control and teaches financial management skills for success after college. Many younger college students feel peer pressure to spend without thought, and a budget will help these students to determine when they have “fun money” available to spend. After graduation, college grads are trying to start a career and will be dealing with the reality of monthly bills, perhaps for the first time ever. College students need to keep in mind that debt acquired in college is more restrictive than a college budget because that debt
