College Budgeting

The budgeting process is one of the most important tasks colleges must participate in. The primary architect in developing the budget of a community college is the chief

Sitting down and discussing budget questions with our school bookkeeper was the most chaotic 45 minutes of my school week. I always thought being the bookkeeper would be a stressful job because of the amount of money you had to deal with and all of the things you had to keep track of it, not because of everyday office chaos. Our bookkeeper does an exceptional job and our principal agrees that she will probably never find someone to replace her, however with all of the other stresses I could understand our bookkeeper leaving. While I was with Mrs. Banks there were people constantly coming by and asking her to do things. Mrs. Banks does not have her own office and people often treat her like a secretary. Mrs. Banks and I discussed how this is one of the main issues with her job.

A budget is something I take as seriously as education: without it, you’d be nowhere but miserable. My mother racked up a lot of debt before leaving my dad and I. She was and is legally supposed to send child support, but she never has. My dad spent until 2008 trying to repay the debt she left us with while she was living in Hawaii buying multiple cars and living in luxury. When I was old enough to understand this, I promised myself that I would never go into debt if I could help it. At my school, Personal Finance is a graduation requirement; while some students were complaining that we were only watching Dave Ramsey “ramble on”, I took it with all seriousness. I would rather listen to Dave Ramsey talk about budgeting on the radio in exchange of not going $60,000 in debt and losing my house because the payments are too steep. As Calvin Coolidge once said, “The only way I know of escape from that constant tragedy is to keep running expenses low enough so that something may be saved to meet the day when earnings may be small.” Knowing that President Coolidge not only shared this value, but practiced it in everyday life as well, made me respect him even more than I already

Applicants with a trade school diploma already have both the know-how and hands-on experience to attain a job, at the entry level, that pays a significant amount.

These statistics mean that college student have to do part time jobs in school and still be gather debt. To figure why this is happening we will need to go back to the how of college loans got to be this way and look at a couple different thing.

When going off to college many students become unaware of how much they are spending, or how much things actually cost. Budgeting for necessary day to day items is hard to do when sometimes we forget our priorities, and forget the difference between what we may want and what we need. Managing is one of the hardest things to do as a college student because, before going to college many students do not really understand or realize how much certain items are and how much we actually use; such as: groceries, soaps, laundry detergent, etc. This is why money management and budget is many times hard for college students to

Secondly I will tell you about a budget. A budget is a plan to help you spend your money (like you have right now). This is to help you not to go into debt. If you don’t have

For my budget Worksheet I included everything that me and my family do that I will probably carry on in college. Income, I put $370 a month because at this point in time i have a job that pays every two weeks and its usually about $185 if you get enough hours, so monthly its approximately $370. $370 a month is about $4440 a year. With $4440 a year it may seem difficult to live, but in my current situation I know the major expenses I will have, thanks to the fact of I love planning ahead.

From the beginning of an education in preschool, to the time of graduation 14 years later, everything learned, interpreted, analyzed, understood, or even misunderstood has its effect in the future. The question is always “what do you want to be when you grow up?” As you age, the career dreams develop into a more mature answer. No matter how anyone is raised, there is always someone pushing at least one other person to go to college. Then, that silly career question is turned around on them, “how exactly do you expect me to afford college?” Roughly, about $809.6 billion is spent on college in the United States each year. Along with all the money spent, deb comes trailing along. Everyone can agree college tuition is not cheap, not to mention

The idea behind “applicants had apparently concluded that if the college cost more, it must be better” (Brickley, Smith, & Zimmerman, 2009) is still a premise that society perceived as accurate but the financial problem behind this idea is if students are not receiving the help needed with a financial aid increase, it feels that this idea will not hold up very much longer.

As a sophomore in high school, it is no surprise that I am beginning to fully understand how much college debt can affect someone's life. While $3,000 doesn't seem like it will help me pay the staggering tuition for an Ivy League university, often upwards of $50,000 a year, I know that every little bit can help me work towards my dream of attending a truly amazing university. Being a part of a lower middle class family, I never really considered the idea that I would actually be able to attend an Ivy League school such as Harvard, even though this had been my aspiration since childhood. The whole idea just seemed overly ambitious. My mother never went to college, nor did she even finish high school. I know that I personally want to also fulfill

Along with this we learned about money management, and how to live within our means as a student to avoid debt or have less debt than what has currently been predicted. As currently budgeting can make a difference for a student especially for my financial outlook. Being a college student tuition fluctuation continues to rise, budgeting can however lower and eliminate your financial debt you may fall into. Because of the amount of money required to spend on finances budgeting can help you manage this bump in the road. Having a monthly budget helps you with pre-planning so you can maintain a higher goal that is constantly evolving. Especially in your potential career in order to succeed in order

A lot of students find themselves in financial trouble. Especially, if you only work a certain amount of hours. Students have trouble maintaining finances because they have mostly lived off of parents and/or guardians since birth. For most students, college is usually the first time away from home. It can be difficult to adjust. Overall, learning to manage money can be a daunting task for anyone, but especially when you are young and just starting out.

Budgeting can be very difficult, nevertheless for college students, so I will be explaining how to budget in college by making smart decisions. A college education is probably one of the most expensive purchases a young adult will most likely ever purchase in their lifetime. College can be very expensive as a consequence tuition can range anywhere from 10,000 to 70,000 a year. Nearly all college students pay for college by a college fund, scholarship/grants, out of their own or parent's pocket or borrowed money. Despite the fact some of those payments aren’t directly coming from the student it is more than likely that they still don’t have a stable income to provide themselves with basic necessities. Most colleges don’t provide students with basic necessities which means they acquire to go out and obtain everything needed as far as food, supplies, books, also toiletries. The average college student spends anywhere from $200-$700 a month on just the articles they need. While on articles they want they spend anywhere from $20-$200. More than likely that most college students don’t work, notwithstanding first-year students and athletes, which is a large population of the school anyway. Today most students aren’t obtaining a stable cash flow and even the ones who are from allowances or a job tend to still most likely struggle with budgeting. Budgeting can be a very difficult task even for adults or people making a substantial amount of money, but it’s not impossible if

Self-control isn’t a thing you can buy or change overnight it takes time unless you already have it but with this skill you can have a good time in college without worry about money. When you wrote down dates for vacation and you have self-control you can go but have enough control to not spend all your money or if you go then you can’t go then you can tell yourself to not go. After you learn self-control you will be able to go to work and when you get your money you will be smart with your money and not spend it on stupid things. Now after you get to learn self-control your all set to go to college and have a good