While freebies and deals are fun, on of the main purposes of this site is to share advice on being better money managers. Because budgeting in college and as a young adult can be especially difficult I want to share both my budgeting sheet: which you can then use yourself if you so desire, and also a quick video with the 5 reasons that I think budgeting is important.
My monthly budget template can be found here. You should be able to download or make a copy of it. I included my average percentage from all of last year, but keep in mind that mine vary a good bit from month to month. Also my car is a big portion of my spending simply because its one of my very few fixed expenditures and I have been paying for my own insurance on a pretty new car. Most recommend that auto expenditure for college students be no more than 10-15%.
Great tips on budgeting. The more detailed and realistic the better. Percentages help a lot with college aged students due to variable income due to school. I think you covered this one very well.
ReplyDeleteThere are some fixed expenses which is why I think having multiple columns definitely helps. Thanks for sharing your budget.
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