How Can College Students Develop Their Own Budgets?

How can college students develop their own budgets? To plan a college student's budget, look at income and expenses. It's a matter of looking at income and expenses. Obviously, you have to know what your...

It's a matter of looking at income and expenses. Obviously, you have to know what your income is through the college savings that you have or scholarships you might have. You have to work out what your expenses are going to be and if there is a deposit there. In other words, if your expenses are higher than your income, you have to plan for loans or to work to cover the difference.

My recommendation, based on what I have read, is to stay away from all cards because most young adults at that age aren't ready for the responsibility. They tend to overspend and end up in huge debt when they come out of college, and sometimes even with credit that's already ruined.

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