Personal budgeting advised for students
In the world of capitalism, some may find it easy to spend money on unnecessary objects. Clothes, foods and other delicacies are readily available, which can make saving money a difficult task.
“I think people should always keep track of how much they are spending on things, especially if they aren’t really necessary purchases,” freshman Anniston Weber said. “You can’t just spend like crazy and expect not to have any consequences later on. Otherwise you are going to be left completely broke, and no one wants that to happen.”
In order to save money, several steps may be necessary.
“You have to budget yourself,” sophomore Holly Donaldson said. “Really, it’s just the question ‘do I really need this or is this something I just want now?’ If it isn’t some sort of food or perishable item then you can ask how it will benefit you in comparison to what you already have.”
Another step one can take is to avoid using a credit card.
“It’s easy for me to splurge so I have to ask myself what I really need,” senior Madison Kaus said. “I wouldn’t use a credit card without knowing you can pay it off for sure each month.”
For upperclassmen preparing for college, the many upcoming costs may change how they budget.
“Especially while in school, people should try to limit the amount of money they splurge on to a bare minimum,” senior Josh Adcock said.
However, some believe a little splurging is necessary.
“I think everyone needs to go a little crazy with their money every once in a while,” Adcock said. “Rewarding ones’ self can be very useful. I do have a set amount that I keep back each month.”
Many may be concerned with paying for the many expenses for college. Students often hear stories of college graduates paying off their debt for many years. However, there may be a way to avoid graduating with debts.
“I think if you can set a goal for a suitable balance in your bank account plus a little extra in case of emergencies, you could suffice for what you have planned in life,” junior Alex Crowley said. “I think if you work and have enough scholarships, a job or maybe an activity or summer jobs then that can help. It might be possible to graduate debt free.”
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