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Ryan Elantri: How To Create A Personal Budget

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Ryan Elantri - Pennsylvania State University Student


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Ryan Elantri is currently pursuing a Bachelor of Science in Economics at The Pennsylvania State University, and aspires to enter the financial sector following his graduation. While most people will never receive formal training in this subject, everyone struggles with issues related to finance from time to time. This is particularly true when it comes to money management and handling personal budgets, so keep these tips in mind to stay in control.


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Before you can start determining what you can do with your income, you need to understand where your money currently goes. Create a list of expenses over the course of a month and then separate them by highlighting the ones that are essential. You can then consider what to do with those that aren’t.

Track Your Expenses


There is no reason to wait to start saving money, because even a small amount put away each month is a step in the right direction. Try to have a goal in mind for the amount you want to save and what the money will be put towards. Consider automating the process via direct debit into a savings account, which will help you to consider your monthly savings as an essential expense.

Start Saving


Don’t ignore credit card debt or other loans, because this often leads to interest building up. Instead, be honest with yourself about what you owe; this is the first step towards creating a plan to gain financial independence.

Be Honest


{ About Ryan Elantri

Ryan Elantri is currently majoring in Economics at The Pennsylvania State University and is a Writer and Editor-Member for Seeking Alpha and the Penn State Finance Society.


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Ryan Elantri - Tips to Handle Personal Budget  

Ryan Elantri grew up in a Boston suburb called Sharon after living in Quincy, Massachusetts for a year. Check these tips by Ryan Elantri for...

Ryan Elantri - Tips to Handle Personal Budget  

Ryan Elantri grew up in a Boston suburb called Sharon after living in Quincy, Massachusetts for a year. Check these tips by Ryan Elantri for...

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