1.

Create a budget
- Use a free budgeting app or template, or an Excel spreadsheet.
- Your budget should include:
- Your monthly income - it from a combination of sources: loans, scholarships,
grants, a job, and contributions from parents and/or your savings.
- Your required spending - The amount you will spend on anything required for
college and life (your rent, books, room and board, cell phone service, laundry,
prescriptions, etc.)
- Your optional spending - What you think you'll need for extras, like eating out,
movies, concerts, travel, gaming, gifts, and so on.
- write down how much money you have and Compare that to all of your expenses, it will help
you to ensure you have enough money to cover everything you need.

-
- For example :

2. Set financial monthly goal

- To set financial goals, first define what your goals are
- Write them down and set milestones along the way to help you achieve
them.
- Prioritize your goals and put together a plan of action.
Instead of wasting money, setting a financial goal will guide you
to live within your means
3. Track your spending
- Record everything you spend money on for an entire month.

- A mobile app will make this easier, but you can also save receipts.

- Once you see exactly where your money is going, adjust your budget as needed.

4. Invest in long-term hobbies and habits

It will help you avoid gimmicks that make you buy attractive but useless
items
Participate in activities that do not cost money but still bring many
positive meanings for yourself and your family.
Instead of going shopping, going to an entertainment center, you
should participate in skill improvement programs to develop yourself or
instead of eating out, you can make a menu and cook with your family
at home.

5. SET UP DIRECT DEPOSIT

Setting up three bank accounts: one for bills, one for spending, and one for savings.
This way, you'll be less likely to tap into your savings account

or spend more money than you need.

When your spending account is empty, it's empty. No more midnight pizza runs for you!