Save for a Rainy Day

“Save for a rainy day.” Managing money is a big challenge for many students in college or university. With limited income and many expenses, students often find it hard to make ends meet. This essay will discuss the common financial problems faced by students and why learning to manage money is important.

Poor Budgeting Skill. Without a proper budget, they tend to overspend on unnecessary things and run out of money. For example, they might spend too much on eating out. To solve this problem, students can start by tracking their expenses and creating a simple monthly budget. For example, setting a limit on how much to spend on food each week. This way, students can ensure they have enough funds to survive.

The temptation of easy online shopping. With just a few clicks, students can buy clothes, gadgets, or snacks without considering if they really need them. For instance, they would purchase trendy items from an online sale. To avoid unnecessary spending, students can make a shopping list and only buy things they truly need. This habit can help them save money and avoid buying unnecessary items.

Some students come from low income families. They may not have enough money to cover their daily expenses. For example, they might have to work for a part time job after class to afford rents and meals. Students can try to reduce their daily expenses by sharing accommodation. For example, living with roommates can help split the cost of rent and utilities. By making smart choices, students can make their financial situation more manageable.

In conclusion, many students struggle financially because of poor budgeting, the lure of online shopping, and coming from low income families. These challenges can make it difficult for them to cover their expenses and concentrate on their studies. To deal with these problems, students are encouraged to manage their money wisely by creating a budget, thinking carefully before spending, and sharing accommodation

52 Responses

  1. Gotcha! your essay seems to be AI generated. Please try to paraphrase the sentences by using your own words. However, thanks for participating and practicing your writing skills! Don’t give up and try again.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

All rights reserved