Assassalamualaikum
I welcome all my friends to this article and enjoying your good and healthy life.Once again I am present in this community and this time I like the challenge and I made it very entertaining.
As we know that in our daily life many occasions we have to deal with the shopkeepers and try to less the price of the things. And this problem is a little problem in our houses that who should go and bring the goods and reduce the rate to an appropriate level.
And the funny thing is that parents often like kids who do well at low rates.😁😂. So it's a bummer for guys like me because we've never had experience of budgeting at all. But here I will discuss about the budgeting system and schedule which I apply over the week.
Budget Plan
Whenever it comes to budget plan, first we need to know how much money we have for a week or for a specific time. Here I want to say that the price you have for every week you must get in a percentage amount.
Budget planning is very important and beneficial and this is especially true for students. As I am a student and I am in dire need of money and the most important thing is how I use this money and from it.
Every Month I take Rs.6000 rupees from my father. Every student and everyone has a different budgeting plan, here's what I'm telling you.This money I have to spend on many things like Hostel Dues, College Fee, transport, pocket money and other expenses.
| Work | Expense in Rupees | Hive |
|---|---|---|
| Hostel Rent | 4000 | 36.7 |
| University Fee | 6666 | 49.0 |
| Transport | 3000 | 22.0 |
| P.Money | 7000 | 51.4 |
| Groceries | 3000 | 22.0 |
| Clothes | 5000 | 36.7 |
| TOTAL | 28666 | 218.5 |
As I told you all about how I pay my hostel fee every month and how much percentage I have to keep in the account in advance. If I talk about my hostel rent, my hostel owner is very good and I give him whatever time I want.
But I have made a date that every 17th I will give him his money.
If I talk about my university fees, the fee is 40 thousand rupees per semester in six months. And I have pay divided it every month and keep 6666 rupees from it every month.
If we talk about transport, we as students have to take the bus to reach the university. Obviously, some expenses are also required for transportation, which is about 3 thousand per month.
Some tips
Because I am a student and I can describe well the questions that arise in the life of a student. Here I will tell you how to make and manage good student budgets.
- Track all our daily expenses.
- Set financial goals for long-term expenses
- Separate the credit amount from whatever budget is made.
- Find a good source of income.
- Spend less of your total budget
- Keep aside whatever child it was
- Always look for scholarships at schools colleges and universities.