From: https://www.thebalancemoney.com/the-50-30-20-rule-of-thumb-453922
College often presents financial challenges for students. Aside from tuition expenses, learners must pay for necessities like food and rent. Individuals should plan for their future by regularly assessing their finances and setting achievable goals. If you’re looking to reign in spending and up your savings in the new year, a budget can help you hit your financial targets.
Benefits of Making a Budget:
- Achieve your financial goals
- Prevent overspending
- Prepare for emergencies
- Understand your spending habits