how to manage the money and spend less and save more so that it will help in future

1. Money management
in college life
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Pgdm (2020-22)
Term -1
Jaipuria institute of management,indore

2. .
Introduction
 most of the student in collage don’t know how to deal with money
 One of the alternative to face financial problem is to save money
 Saving money is neither a science nor an art, rather it is someone
in between and requires your commitment and hard work.
 Saving money takes time to develop, need to learnt and bring
benefits that will endure for the rest of your life.
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3. Tips about Budgeting
 Set and stick to a budget
 Set weekly or monthly limit for each type of expense
 Pay attention to your spending. So you don’t exceed
your limit.

4. .
TIPS ABOUT CASH
 Only carry a small amount of cash
I. A little is better than none
II. If you don’t have it , you can’t spend it
 Use case for non – essential purchases
I. May help curb your spending
II. It’s easier to tell when you’ve reached your spending limit because your wallet
is empty
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Tips about credit cards
Consider weather
you really need a
credit card and don’t
get if you don’t need
it
Use your credit card
cautiously

6. Tips about Working
 Working during the holidays to save money for the
schooling year
 Get a part- time job during the school year, especially
an on-campus job

7. • save one transportation costs by using the campus transit system
use the meal plan wisely
Saving money
 Take advantage of opportunities to save money
I. Buy the things when there are on sale
II. Find out if there’s a discount for college students and carry your college
id with you
 Buy school supplies somewhere besides the campus bookstore
I. Its easy to overspend on non-essentials at the bookstore
II. You didn’t need all your supplies to have the university logo, and
supplies without it may be less expensive
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8. banking
 Keep a reserve of saving that you don’t touch and add
to it whenever possible
 Check your bank balance regularly
 Be cautious about “banking” amongst friends

9. FINANCIAL AID
 Apply for FAFSA every year.(even a student loan)
 Stay well- informed about your financial aid package.
 you should know..
I. How much you’re receiving/borrowing
II. Where the money is coming from
III. The term and conditions of the contract

10. Making financial choice
 Practice delayed gratification
 Avoid temptation
 Discern between your “want” and your “need” and
choose your expenditures wisely

11. Keep a record
 Keep a record of your expenses.
 What you save how much you make and how much
you spend
 It’s wise to take a critical look at your expenses

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