Tuesday, February 9, 2010

Buy a little, store a lot!!!!

Week 2: Personal Products, soap, deodorant, toilet paper, shampoo, lotion etc.....

Establishing a realistic budget requires a careful observation of your spending habits, and the ability to break things down into essentials, non-essentials, and occasional expenses. This will help ou see where your money is going, and make an accurate plan for the months to come, typically on a semester-by-semester basis. It is important to set aside a certain amount for unexpected or emergency situations, so try to work this into your budget as well as all the costs you normally incur.

Whether you will be working as well as going to school, or relyng on student loans or other financial asistance, making a budget will help keep you on track, allowing for greater expenses at the beginning of each year, and the need to make sure your living expenses at the beginning of each year, and the need to make sure your living expenses are still covered by the end of the year. If it looks like you will not have enough to make ends meet, this will give you time to find solutions before the situation getsoutof control. If your income comes in one payment for the entire ear, or provides a certain amount eac month to the next, it becomes even more important to plan ahead!

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