You are on page 1of 14

FOR COLLEGE STUDENTS

ACTIVITY: 1

If you would won 500


pesos, what would you
do with the money?
1.__________________
2.__________________
3.__________________
4.__________________
5.__________________
6.___________________

BASIC MONEY MANAGEMENT

Make a list of your fixed monthly expenses.

Determine all of your sources of income.

Note when both your bills arrive and you receive your
income.
Make a list of your mandatory variable expenses, such
as groceries and gas.

4
5
6

. Total your monthly fixed and variable expenses with


your total monthly income.

. If you have money left over, those funds represent


your disposable income and can be saved or used for
non-essential and/or emergency expenses.

Review your budget on a regular basis, especially


when the costs of any of your expenses increase.

ACTIVITY 1: LEARNING TO
RECOGNIZE WANT VS.
NEED
Without altering your behavior, write down
everything you spend money on for a full
week

FRUGAL LIVING AS A MONEY


MANAGEMENT TECHNIQUE
1. Instead of purchasing expensive individually packed
food items, split larger packages with your roommates.
2. Learn to cook instead of eating out every meal.
3. Make coffee at home to take to class instead of
spending on a cup of gourmet coffee.
4. Master the art of thrift store shopping.
5. Plan inexpensive recreational activities such as hiking
or picnicking.
6. Ride your bicycle or walk across campus instead of
driving.
7. Take advantage of students discounts.
8. Wait for movies to come out on DVD instead of going to
the theatre.

8 GREAT WAYS TO SAVE MONEY IN


COLLEGE
1.
2.
3.
4.
5.
6.
7.
8.

The free checking advantage.


Preferred Customer Awards
Coupon clipping
Tipping in School
The 10,000 Dollar Shoe Box
Avoiding Late Fees
Selling Used Books
Open a Store Credit Card

MONEY MANAGEMENT TIPS:


1.
2.
3.
4.
5.
6.
7.

Take charge of your life and your money.


Know the ground rules
Get organized.
Protect your personal information.
Make school your first job.
Look for a job on campus.
Turn a hobby or a skill into a money-making
endeavor.
8. Take time to prepare for your career.
9. Choose the meal plan that works for you.
10. Save on snacks.
11. Use the campus computers instead of buying
your own.
12. Talk to your roommates about your money
issues.
13. Compare the cost of an apartment with the
cost of a boarding house.
14. Pay the rent on time.
15. Set ground rules regarding money.
16. Resist peer pressure.
17. Separate needs from wants

18. Take advantage of students discounts.


19. Create a budget and stick to it.
20. Build good credit.
21. Avoid credit card pushers.
22. Take control of your credit cards.
23. Get help if you get into debt trouble.
24. Get into saving habit.
25. Learn the power of compounding.
26. Pay yourself first.
27. Learn about your options for saving and investing
money.
28. Net worth is not the same as self-worth.