Chapter thirteen asks you to focus on developing a budget. Most college students find that budgeting their college education is not easy. Some students believe that developing a budget is personal and find it a challenge to document their income and expenses. Budgeting successfully gives most students a sense of seriousness in their financial situation. How did you identify your financial goals in paying for college, taking out loans, or receiving grants? What methods of budgeting do you use to plan for future expenses, such as a car or off-campus housing? How effective have these methods been for you? Can you describe your short-term financial goals for this week? What is your budget for your personal necessities, educational necessities, and social needs or entertainment?

Since traditional higher education is expensive, budgeting will help you cut down on expenditures. Most students find that small savings add up fast and may improve their financial situation.

In the box below, explain the method that you find most successful in budgeting. Other students may profit from your knowledge and experience, or you may get some helpful ideas from other students as well.