Monthly Budget Worksheet

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College Monthly Budget Project While inputting info on my college monthly budget worksheet I realized a few things. One thing is that community college is much cheaper, you must limit your spending, and last but most importantly do not overspend. Community college is so much cheaper. If you have a certain amount you want to spend but still want to get a great education than community college is a great place for you. Although you may not have the full college life experience it is a great way to get you your degree and get you on track to your career. During my research I found out some good news and some bad news. The good news is you can spend anywhere from $3,500 to 5,500 at a community college compared to $30,000 to $50,000 at your…show more content…
I say limit you’re spending. Well here’s my logic you shouldn’t go into college spending a lot of money unless you’re on an academic or athletic scholarship but for the regular paying student no. The reason why you should limit your spending is because your money has to last you for a long time. If you’re the type of person who likes to spend a lot then there will be some lonely days for you. Remember you have to eat and unless you’re on a meal plan (which is still basically paying) you will have to go out and buy your own things to eat there is no mommy or daddy there anymore to help make sure your mouth is fed so you’ll have to try to save as much as you can to provide for yourself. Enough with all the food talk what about your books the most important thing in college is for you to expand your knowledge and without books it will be hard for you to gain that knowledge. I researched a few college textbooks and the prices look like a monthly car payment. The cheapest book I’ve seen was about $150 now imagine you have 5 classes you do the math that’s $750 dollars. Now imagine all your professors want you to have the textbooks immediately but you have no way to pay for the books because you spent your money on items you didn’t need or eating out when you didn’t need to. Now you’re looking at possibly failing and the all the 20,000 or more you’ve…show more content…
DO NOT overspend. While you’re in college most likely you are going to using your own things like your own credit, debit and everything else. While it’s tempting you can’t let it get to you (the overspending). Remember your using your credit and what better way to build it than in college. Building your credit starts in college if you begin to buy all these things you can’t afford and turn around and not have the ability to pay them off at the end of the month then you’re your credit will begin to decline and that’s not good. After college your credit is key to your success and if you blow trying to buy a 97-inch 3-D television in college and not have the money to pay it back the back will eventually look at you and say this person does not have the financial stability to purchase this house, or this car right now look at their credit score. Then how will you feel when you’re not able to purchase the things you want like a home to shelter your child or children or a car to get back and forth to work. You may have all the money in the world but if your credit score is bad it means absolutely nothing. So while you’re in college make sure you have some money constantly running in rather it be from your parents or just a side job so that you can buy some things and pay them off. Once you pay them off without the creditors asking you then your financial doors will open you’ll begin to get

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