Why Budgeting is Important for Students? Discover Means and Ways to Understand a Balanced Budget!
Abstract Creating a budget allows students more financial freedom because they are aware of how much money they can spend on certain things upfront. Budgeting takes away the dreaded guessing game of “can I afford this?” The instant gratification of purchasing something that may not fit in the budget tends to outweigh the consequences of debt for students. The goal is to steer them away from this type of attitude and replace it with an eagerness to budget. Keywords Budget, Budgeting, Students, Goals, Money, Expenditure, Learning Learning Outcomes After undergoing this article you will be able to understand the following 1. Why budgeting is Important for Students? 2. How to make your budget as student? 3. How to determine Wants and Needs? 4. How you may save money as student? 5. Conclusions 1. Why budgeting is Important for Students? A budget will also help you prepare for unexpected expenses and obstacles. Budgeting involves challenging decision-making, but