May 3, 2022
The secret to financial success isn’t having more money. Instead, the secret is in how you manage what money you do have.
Good money management is accomplished by developing a budget and sticking to it.
While the secret to financial success is simple, it’s not necessarily easy. The best way to improve your financial skills is through practice.
If you’re a student and your income and expenses are limited, you may feel it’s not worth the time or the effort to set up a budget. However, by setting up a budget and sticking to it, you’ll get some good practice with budgeting. That practice will come in handy when your finances get a little more complicated. Also, you may find out, even though your funds are limited, you end of saving more when you have a budget to follow.
The steps to establishing a budget are:
Mapping Your Future offers resources to help students budget their money and learn about good money management now so they find financial success a lot easier in the future.