How can I spend money wisely as a student?

Most people do not learn the correct money habits early in life and I feel that it is difficult to change these habits over time. I recommend starting with 3 habits and then extending them to investment.

Less spending than your income. It seems obvious, but you will be shocked that there are few people who really train this habit. If you have already lowered it, you will spend 70% of your income and 30% of your money due to work (savings, investment). Trick is lower salary you should pay, you earn more.

Plan the worst. When life gives them a surprise, many people can throw a cycle when they do well with their money. Suppose that the worst happens and builds a support system. Actually, create emergency response fund and include fee for minimum 3 months. Do not use your credit card as your emergency fund - it is impossible to get rid of your debts. Beyond EF, think about who is most affected by loss of revenue and what you need to do to protect them. For example, I usually do not recommend subscribing to life insurance unless you have a spouse / child you depend on.

Please do not use credit card. Many young people are told to sign up for credit cards or create credit cards, but we strongly recommend avoiding the use of CC unless we are convinced that we can repay the full amount every month I will. Credit cards are portal medicines that collect debts and very high interest rates and are optimized to help you carry your balance. Please use a debit card or cash system until you are sure that the monthly CC balance is not retained

This was a very important decision on whether to always get a credit card. For me, I manage my money and manage my expenses. I think it's prudent to know whether you can control yourself before you get one of them. Again, it is a personal choice. I have something for online shopping with Paypal and life insurance. On average, this expenditure is HK $ 3,418 per month. As you can see, this card activity is a bit crowded in the last 6 months. But I chose a new computer, which costs a lot. Usually in the past few months this average has halved so I do not actually use my credit card as an average portrait.

Are there any problems with your money? College students and other young people often face spending problems because they spend money on magazines, entertainment, gadgets, and other personal data. Young people also like to spend money to buy temporary happiness such as watching movies at movie theaters, playing games at Internet cafes, karaoke and so on. Do you know how to overcome this problem? Here are some ways and hints you can use to make money wisely. First of all, you need to have a budget. You need to keep track of all the time you spend a few months so that you can understand the flow of your money within budget. It is necessary to describe monthly charges, such as using invoices and collected information. Please check this list to determine where you can reduce expenses and reduce expenses. In addition, you should avoid buying the urge so you can avoid buying useless items.

When you really need money, you hate it, but is your wallet empty? No matter how much you have, it is a good idea to spend money wisely. But how do you spend money wisely? People actually tend to waste in certain areas. Therefore, following the steps, the health condition of the entire wallet will improve. First, I will propose a budget. Financial experts recommend that you track your expenses for several months to understand the flow of your money to get started. If you do not want to save receipts in cash, please carry notebooks and fill in all cash purchase amounts.