Importance of Money Management

Most financial aid programs do not keep up with the rising costs of attending university, so it is very important for you to manage your financial resources wisely. You are probably living the most frugal years of your life while in university, and you may be learning for the first time how to manage your own money and stretch your dollars. Money problems can be a major obstacle to a successful and enjoyable experience in university. This fact sheet of tips will help you manage your money more efficiently.

Good money management helps solve the mystery of where your money goes, allowing you to know your financial situation at all times and avoid a financial crisis. Effective money management strategies include deciding what extras you can afford at any particular time.