Some points for college student need to know about money

Very some college students are financially educated. Many students have to learn tough lessons, when they step into their working life, with the finances. While, personal finance might be an overwhelming subject to know, so many college students have developed many misunderstandings about money.

Following are the some misunderstandings

they cannot afford the college costs:
The majority of the college students are aware of the year on year increase in the college costs. Due to the increase in the college costs they do not go college and step out in the world to start earning. But they don't realize that, leaving college costs them more than completing the college and bearing the cash. As, after completing the college the work you get to earn will cover the costs you invested for college in the first year itself.

A person can save the amount which is left at the end of month:

It is never going to happen, that anything is left over at the end of the month. As cash, always gets spent on something, if it is sitting there in your account. The money can only be saved, if it is directly transferred to some fixed deposit at the stating of the month.

Budgeting is not for me.

The college students, who think budgeting is not for them, end up spending always more than their budget. While, at the end they start acquiring debt even before they start earning. Budgeting is important, as even small expenses can add up and can get you in big troubles.