Budgeting is the process of creating a plan to spend your money. Creating a plan on how to budget your money allows you to determine if you can buy the things you need to buy and until when you will consume your budget money. Budgeting is an important planning and forecasting process to help manage your money by balancing your expenses with your income. We need to balance our expenses with our income so we will not encounter problem in the near future. Because sometimes we spend too much money without realizing it and be in big trouble. We need to prioritize our budgeting plan because we cannot deny the fact that one of the things we need most is money. We need to spend our money wisely. We should prioritize the things that we needed most than the things that is only pleasurable to us. We need to save money for our future because We can’t predict what will happen tomorrow or the other day so if we save money we have budget for any emergencies.

Being a college students is hard and difficult specially to the boarders. they become independent, although their allowance is coming from their parents. But being college students, they should learn how to control their money. So this blog provides for a budget plan for a whole week.

The first plan that we provided is for those who only 500.00 pesos allowance a week.

Grocery

Grocery is the main things that we should have as a boarders. Based on the experience of the boarders, buying their own grocery will save money compare to the boarders who eat outside. this is not about the money, but this is about the nutrients and the quality of your food that will intake inside you. if you cook your own food, you will ensure the quality of foods and its nutrients.

2. Personal Hygiene

Personal hygiene is very important in person. It makes your look good and makes your appearance and feelings gentle. It is necessary for the boarders to have that thing, because you are not in your own home, you should consider your surroundings.

3. Transportation

As a boarders, sometimes you go to your friends, on your practice somewhere and etc. that needs you to take vehicle. so you should provide a little amount for the transportation.

Tips: if your destination is near, you don’t need to take vehicle. Walking sometimes is a good way to exercise your body.

4. Other Matter

College students have a many fees in school and sometimes it will shock you. So the best strategy is to provide a budget for the unpredictable expenses.

Same on the 500.00 pesos allowance weekly, you should provide a budget for Grocery, Personal Hygiene, transportation and for unpredictable fees. But if your allowance is 1,000.00 pesos weekly, you can eat snack, add some amount for your grocery and etc.

Tips: But if your budget is too enough to sustain your need, you should save money at least 200.00 pesos weekly.

Saving money should be the boarders lifestyle.

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