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5 Basic Simple Idea On How To Make Money As An Undergraduate - Education - Nairaland

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5 Basic Simple Idea On How To Make Money As An Undergraduate by Bensmart04(m): 12:09pm On Jul 23, 2016
Check out five of the best ways you can make
a progress with your money in 2016 as a
student

1. Write down specific goals: If improving
your finance is one thing you want to achieve
this year, then writing it down is one way to
start with making that happen. According to
studies, you are 49% more likely to achieve a
goal when you write it down.

2.Get a realistic budget: when making a
budget, make sure it is something you can
stick with, not some almost impossible one
that you can not maintain. There is this
method known as “one number strategy”.
What is means is thatafter your monthly take-
home pay, subtract your fixed expenses (think
rent, cable bills,etc.), your financial goals
(debt payments, retirement contributions),
and your non-monthly expenses (like holiday
gifts or insurance premiums). Whatever is left
is yours to spend on everything else.Divide by
four and you’ll have a weekly spending target.

3. Set aside a separate account: If youset a
separate account for your savings, it would
make it easier for you to track your progress,
while also encourage you to save more.

4. Use bonus wisely: Some people are lucky

to get bonuses in the form of allowances from
their offices and have formed a bad habit of
spending these bonuses recklessly. After all it
is just what itis, a bonus therefore you can
squander it but imagine saving a percentage
of your bonus, you willbe amazed at what it
amounts to at the end of the year.

5. Don’t do it alone: If you have a trusted
friend, colleague or spousethen you could
enlist their supportin helping you to hold you
accountable so you don’t jump intoyour
saving. You have them guys, save more and
spend less this year!!! Goodluck and Happy
new year

Source http://studentsleads..com/2016/01/top-5-simple-idea-on-how-to-make-money.html

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