If the final number you get is negative, that means that you're spending more money than you make each month. Then, subtract that number from your monthly income. Start by adding all your expenses together. Now that you've organized your expenses, it's time to crunch the numbers. Make sure you categorize these expenses, tagging everything as either a "necessity" or a "want."įor example, a daily cup of coffee from Starbucks would be considered a want, whereas a 30-day supply of a prescription medicine you take would be considered a need. Referring to this statement, you can then make a list of all the things you spend money on in a typical month and the average cost of each item. Here, you can review your spending and earnings over the past month. To assess your financial situation, log in to your bank or credit union's website. Step 2: Assess and Categorize Your Expenses Check your student bill to make sure everything has been paid for before you spend any refund money. You can save refunds in your bank account or apply them toward textbooks and other education-related expenses. If you accepted more loans, grants, or scholarships than you needed to cover tuition, room and board, and facilities fees, your school's financial aid office should give you a refund for the excess amount, usually in the form of direct deposit or a check.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |