{"id":164,"date":"2018-08-14T09:57:08","date_gmt":"2018-08-14T13:57:08","guid":{"rendered":"http:\/\/blogs.uww.edu\/financialliteracycenter\/?p=164"},"modified":"2018-08-14T09:57:08","modified_gmt":"2018-08-14T13:57:08","slug":"success-4-simple-tips-for-college-budgeting","status":"publish","type":"post","link":"https:\/\/blogs.uww.edu\/financialliteracycenter\/2018\/08\/14\/success-4-simple-tips-for-college-budgeting\/","title":{"rendered":"Success!  4 Simple Tips for College Budgeting"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-168 size-medium\" src=\"http:\/\/blogs.uww.edu\/financialliteracycenter\/files\/2018\/08\/budgeting-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/blogs.uww.edu\/financialliteracycenter\/files\/2018\/08\/budgeting-300x200.jpg 300w, https:\/\/blogs.uww.edu\/financialliteracycenter\/files\/2018\/08\/budgeting-768x512.jpg 768w, https:\/\/blogs.uww.edu\/financialliteracycenter\/files\/2018\/08\/budgeting-1024x683.jpg 1024w, https:\/\/blogs.uww.edu\/financialliteracycenter\/files\/2018\/08\/budgeting.jpg 1200w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Starting to budget while in college can result in learning how to manage money and plan for the future.\u00a0 Here are 4 simple tips to creating and maintaining an effective budget:<\/p>\n<ol>\n<li><strong>Track spending<\/strong>.\u00a0 Record every penny you spend for at least a month before creating a budget.\u00a0 Be honest about where you are spending your money, and keep a spending log.<\/li>\n<li><strong>Identify Income and Expenses<\/strong>. Use a <a href=\"http:\/\/www.uww.edu\/adminaffairs\/finance\/financial-literacy\/financial-resources\">budgeting worksheet <\/a>to document your income, then expenses. Income sources would include student loans,\u00a0 job earnings, gifts, and more. Expenses should come directly from your spending log, and broken into categories like housing, food, entertaining, etc.<\/li>\n<li><strong>Do the Math<\/strong>.\u00a0 Calculate income minus expenses.\u00a0 If you have money left over, consider adding to your savings account or an emergency fund.\u00a0 If you calculate a shortage, start identifying categories where you can cut back.\u00a0 This is a good time to question your needs versus wants.<\/li>\n<li><strong>Reexamine and Adjust<\/strong>.\u00a0 Income and expenses change over time.\u00a0 Maybe you received an additional scholarship, or your landlord raised the rent.\u00a0 When changes occur, it&#8217;s time to reexamine and adjust your budget to stay on track.<\/li>\n<\/ol>\n<p>The UWW Financial Literacy Center has many free budgeting resources available to students.\u00a0 Visit our <a href=\"http:\/\/www.uww.edu\/adminaffairs\/finance\/financial-literacy\">website<\/a>, or <a href=\"http:\/\/www.uww.edu\/adminaffairs\/finance\/financial-literacy\/contact-us\">schedule a financial coaching session<\/a> today!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starting to budget while in college can result in learning how to manage money and plan for the future.\u00a0 Here are 4 simple tips to creating and maintaining an effective budget: Track spending.\u00a0 Record every penny you spend for at least a month before creating a budget.\u00a0 Be honest about where you are spending your &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.uww.edu\/financialliteracycenter\/2018\/08\/14\/success-4-simple-tips-for-college-budgeting\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Success!  4 Simple Tips for College Budgeting&#8221;<\/span><\/a><\/p>\n","protected":false},"author":7648,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71485],"tags":[881914,499,881902],"class_list":["post-164","post","type-post","status-publish","format-standard","hentry","category-budgeting","tag-collegebudgeting","tag-uww","tag-uwwfinancialliteracycenter"],"_links":{"self":[{"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/posts\/164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/users\/7648"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/comments?post=164"}],"version-history":[{"count":5,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/posts\/164\/revisions"}],"predecessor-version":[{"id":170,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/posts\/164\/revisions\/170"}],"wp:attachment":[{"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/media?parent=164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/categories?post=164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/tags?post=164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}