BURST Magazine Spring 2020

Page 9

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From paying tuition to forking over the last of my cash for ramen noodles, college has demanded every penny I own. If you’re like me, you may feel overwhelmed when life pulls your wallet and savings account in every direction and you’re left wondering: “Where is my money going?” To answer that question and empower yourself through your finances, try budgeting. Making a budget allows you to see the money you are gaining and losing. This helps you locate any unnecessary spending and find a balance between focusing your money on “needs” and “wants.” Incoming money typically takes the form of career income or allowances, and outgoing money usually refers to expenses. These include everything that requires payment Is unexpected spending threatening your peace on a monthly basis such as phone and electric bills, tuition, of mind? Learning these financial keys to car insurance, and groceries. Using a budget allows you to success can save you from track your income and manage your expenses. Now that you falling into that trap. know the importance of a budget, here are some tips for creating a budget that’s right for you: By n

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If you have a ny g such a s savin oals regardi ng gm fund, p aying d oney, creat your finance ing eb s expen ses, wr t, or elimina an emergen t i c t i n y et tone fo g r how hem first. Th unnecessar y you w ant to is will set th e focus y our bu dget.

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You may but wan you t prob to go t may o a fi b “wan nd it ne ly don’t Starbuck c s t you s,” cons essary t need to five tim o to e i d es d o er m li n mak ainta mit you that. Th a week, e yo joy the r sp ou ini i u ha ppy— tems an ng a bud ending gh you d on ge a but in m ctivities t that a oder l lows t ation hat . BURST

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