Author:
Leakna Khemarak
Every human being is born with a natural destiny to live in this vast convention and requires that everyone face the problems or obstacles that come their way. Every obstacle teaches you to be flexible, find solutions, try to overcome them no matter what. Especially in our youth like today, deal with problems is not easy and not also difficult, everything depends on the behavior and procedures we use. In example, at the age of students, we have a necessary obligation to study and absorb the knowledge, but the most big problem that most of us face during our study is “Budget Management”។
What should be done to solve this problem more easily
Of course, in a college likt this, there are many students who are struggling to the manage their budget, living condition problems can cause student to lose control of their emotionss in learning or may lead to drop out of study. Those who can be very difficult are the students who come to study in Phnom Penh, they have to pay twice as much as students who have a parent living with them. In general, any unspecified expenditure can put us at risk of bankruptcy before the end of the month. To response the above questions, we have introduced some ways to advise everyone to try to manage money even you do not has skills yet, just try to practice it.
1. Create a cost list
Most young people do not think much about their weekly or monthly expenses. Tracking income and expenses on a regular basis teaches us to make good spending habits by starting to note which expenses are most needed, distinguishing between needs and wants. Try to estimate the price before you spend, do not habitually spend more than you set. For example, if you set a specific goal each time you go shopping and do not spend more than you think, you will not waste money on unnecessary things.
2. Save reserve money
Every time you save money, do you ever divide your savings into reserves? Personal savings means you have to deduct 10% of your income to save, but for savings you need to deduct 40% of the money left over after you split the expenses. This reserve should be used only when absolutely necessary.
3. Reduce wasteful expenses
You should cut down on unnecessary expenses such as frequent parties, shopping online, drinking more than one cup of coffee a day, trying to buy all these weird things that can be a bad habit that you do not notice.
4. Do not keep all the money with you
Why not keep all your money? No matter who you are, when you have money in your hand, everything needs to be bought. To avoid such inconsistent expenses, you should deduct the savings and divide the expenses already, as I mentioned above.
5. Do not borrow
Do not have a bad habit of "borrowing", be careful at the beginning of the month to pay them all.
6. Find a part-time job
Earning some extra income is a great way to stabilize your spending. Trying to find a part-time job that is convenient, for those who do not affect their studies is the best option.These are all essential factors that every student should know and try to implement by planning for the short or long term. Good budget management can bring a lot of benefits and a certain amount of stability and make us leave running out of money, out of breath.