Planning and Budgeting
Why budget?
Most students live on a limited income while they are studying. A student's capacity to earn money will be reduced by the need to attend classes, study and complete assignments. While you will not be a student forever, it is worth planning your finances for the time you are studying.
Calculating your budget is the best method of assessing your financial needs and controlling your costs. Preparing a budget gives you 'the big picture' of where your money is coming from, when it's coming in, and how it's being spent. It will help you prepare for the coming year (or month if you like) so that your expenses don't overrun your income.
There is a common misconception that a budget is difficult to draw up, but it can be a surprisingly simple process. The Preparing your budget section includes instructions on how to prepare your own budget.
The Budgeting tips page includes some handy hints on how to maximise your budget.
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