Financial Health: Budgeting Assistance
Top 3 reasons why you should set up a budget:
- Save for an emergency fund. When a sudden, unexpected expense comes up, you are prepared. College students should save about $500.
- Do not spend more than you earn. It is easier said than done for many people. It does not matter your salary or occupation; you will need to follow this rule to become financially successful.
- Keep track of your expenditures. Record all spending whether you use cash, check, debit card, or credit card; you must know where your money is going. Do not let money control you; you need to control your money!
To gain more information on budgeting, setting up a budget, setting up a budget, or evaluating your spending schedule a One-On-One Financial Peer Education Assessment today!
Call (217) 581-7786 or stop by the Health Education Resource Center located in the Student Services Building at Eastern Illinois University.