The Importance Of Budgeting

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After growing a custom to living with your parents at home where they typically provided everything necessary for living for you, it can be a challenge to be out on your own for the first time. Many times teens/young adults aren’t taught on how to properly budget their money. So when they move out on their own they have horrible money handling skills. Budgeting became problematic because I tended to buy thing I don’t actually need or when I had unexpected emergency expenses that I couldn’t avoid. This essay will go into detail on how I handled budgeting my money while away from home from my parents living in my own apartment and on my own for the first time.

Introduction College is the best years of a person’s life and sometimes in order …show more content…

This shows that as the year pass more and more college students spending is becoming out of control and they do not have the ability to budget correctly. This is evidence that students need to learn how to budget but also learn how to stick to it …show more content…

I was recording some type of transaction almost every day and that is when I realized I spend way too much money on a daily basis. Compared to most people I have it easy when it comes to money and working. My parents do not make me work because they see me running track as a job considering how many hours are put into it every day. I also do not have to pay for my own phone bill or car insurance as long as I keep my grades up and continue doing well in track. So when it comes to budgeting that is one less thing I have to worry about. The only fixed expense I have to worry about is rent but that comes out of my financial aid money that I

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