Often times people refer students as rich people,believing in their own understanding that students can afford to buy what their parents cannot buy. yes, while that may be true in some instances, the story is not the same to others,because they find it difficult to manage their finances as a student.Many students come to me and complain shortage of cash, then I ask them a question "HOW WELL DO YOU MANAGE YOUR MONEY" this is a serious problem that everybody faces just that cloth has covered it to some extent, both young and old, working class or students must make a genuine decision on managing one finances.
After my review and study, I came out with some causes and possible solution to the listed problems believing that it is strictly adhere to.
SOME CAUSES DISCOVERED
1 lavish spending/over spending
2 lack of savings
3 show offs
4 confusing wants and needs
5 compulsive shopping
6 going with the crowd..
The above listed may not apply to some students whose parent are extremely rich, I could understand they can afford it with ease, but if they can key to the provided solution I guarantee, you will become richer than before.
FOUR GOOD STEPS TO SPEND SMARTER
STEP 1. ADMIT YOUR SPENDING MISTAKE
STEP 2. REVIEW YOUR SPENDING HISTORY
STEP 3. CREATE YOUR SPENDING PLAN
STEP 4. STICK TO YOUR SPENDING PLAN
Watch out for part 2, advice on overspending and other possible solutions
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Pls drop comments, add to the causes and provide your own solution. Thanks
