Know Your Flow

“What type of expenses will you have when you finish high school?”

These are just a few of the top places students spend their money once they leave high school.

  1. Tuition
  2. Books
  3. School supplies
  4. Rent/residence
  5. Transportation
  6. Food
  7. Cell phone
  8. Cable/internet
  9. Clothes
  10. Laundry
  11. Entertainment

There are many more. Do you know how much these things cost? Probably not.

“How can you budget your money if you don’t know how much you SPEND on things?”

The FIRST thing you have to do is understand how much your life is costing you.

Figuring this out takes TIME. Write down your expenses and start to track them: daily, weekly, monthly and yearly.

Yearly expenses
Tuition $4,923
Monthly expenses
Rent $650
Cable/Internet $85
Entertainment $250

Where does your money come from?

There are lots of places that students get money from…

  • Part-time job
  • Birthday cash
  • Summer job
  • Mom & dad
  • Allowance
  • Student loans

You have MULTIPLE sources of income which makes it very hard to keep track of your earnings.

Budgeting takes a lot of time and hard work but it is the MOST important step.  So, start working on your budget TODAY!

Think of your WALLET as the point of control.

You earn money and then you decide where to spend it.

Tracking and controlling your earnings and spending habits are extremely important if you are serious about changing your long term money situation.