Great Lakes has provided some tips to help students budget effectively. Here are some of the tips:
1. **Create a budget** - Start by tracking your income and expenses. You can use a budgeting app or spreadsheet to help you keep track of your finances.
2. **Track your expenses** - Keep track of all your expenses, including small ones like coffee or snacks. This will help you identify areas where you can cut back.
3. **Set financial goals** - Setting financial goals can help you stay motivated and focused on your budget.
4. **Use student discounts** - Many retailers offer discounts to students. Take advantage of these discounts to save money on things you need.
5. **Cook at home** - Eating out can be expensive. Cooking at home is a great way to save money on food.
6. **Avoid credit card debt** - Credit card debt can be difficult to pay off and can quickly spiral out of control. Try to avoid using credit cards unless you can pay off the balance in full each month.
For example, if you are spending too much money on coffee, you could try making coffee at home instead of buying it from a coffee shop.
