Managing finances can not only be done by people who already have a job. And the fact is, not all adults are good at managing money, you know. One of the reasons is because they do not get used to managing finances from an early age. Well, while you’re still in school, it’s a good idea to follow tips on managing finances so that in the future it’s easier for you to achieve what you want.
Making a Financial Plan
This is the first thing you should do to manage your finances. Make a financial plan per week or per month so that the money coming in and out of your wallet can be monitored. For example, in a week you are given pocket money, you can divide it 50% for snacks, 30% for transportation, and the rest for urgent needs.
Differentiate Needs and Wants
Sometimes we are tempted to …