1) KAUS
Entertain on a budget
There are many ways to enjoy yourself while in college without going broke. In fact, because a general student activity fee was probably already included in your tuition payment, many college activities are free for participants. Don't be intimidated into thinking you need to prove anything by how much money you lavish on your friends; instead, set budgets for your nights out and dates. Having fun is fine, but keep in mind why you are in college. Overindulging at parties can harm your finances and GPA. The wise financial practices you start developing while in college will benefit you both during your time there and after you graduate. Make it a point to include in your college education the study of wise financial management.
2) ANIS
Record Daily Expenses
Nowadays, there are several tracking expenses applications that allow us to record our spending using electronic devices rather than a notebook or any other manual method. Applications such as Money Manager, MyMoney, Money Lover, and others are available for download from Google Play and Apple App Stores. Aside from that, digital tracking costs are far more efficient as it is portable, and lightweight as well as data will be safe and secured. Not only that, but the application also provides a more insightful and detailed analysis of all of the savings and expenditures. It will remind us to input our daily expenses, which will encourage us to develop the habit of recording everyday costs in order to track how much we spend each month. As a consequence, the following habit is able to lead us to a better living standard and less worry about not having enough funds for any unforeseen scenario.
3) FARAH
Lower Your Expenses
Analyze all of your expenses to see which ones you can reduce or eliminate. Consider going over different packages, like your telecommunications services. Making sure they only provide what you need, nothing more, nothing less, could help you save money. Additionally, you may start looking for discounts, create a food budget, and cut down on eating-out expenses by bringing your own lunch. It is simpler to eliminate an expense or alter a habit if you switch it out for something else. Plan how you will replace this habit with a new one, for example, if you wish to stop buying pricey coffee on your way to work. You may purchase a new travel mug for yourself and some coffee you like to drink and make at home. Then alter your routine, such as taking a different route to work, so that you are not tempted to stop buying coffee again.
4) INSYIRAH
Create A Budget Plan
Most people in our society considered manage money effectively as a major problem in their lives. Creating a budget plan, setting clear financial goals, and having a saving plan are all important ways for students to optimize their earnings. Budgeting helps students separate wants from needs. There are a few recommendations for creating your first budget, one of them is by using the 50/30/20 rule to manage your money. Divide your money into three sections and spend the majority of it on the most crucial one, which is needs (50%). Then, spend just 30% of your money on desires and keep the balance (20%) for savings and investments. This allows them to identify expenses that must be covered, such as food, transportation, and medication. By following strict on budget plans, it avoids students from overspending which could lead to unnecessary expenses.
5) ALYAA
Savings Behavior
Those who had greater savings behavior were less likely to have financial problems. The student should apply this savings behavior in their life as it helps the student be more disciplined and mature in managing their financial activities. Having savings does not mean that the students should starve themselves, but they should know how to distribute funds for consumption and saving. Consumption examples include food, the internet, clothes, and personal care. A method for saving money is to set a goal for how much you want to save. As for the start, set an amount that you want to have saved by next year!
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