Top 5 Money Management Tips for Students in India

Students are that category of people who always have an income-expense mismatch.

Their expenses are most of times more than their incomes as a result of which they end up borrowing money from their friends/family at the end of the month.

Here are the Top 5 Money Management Tips for Students which will help them minimise their expenses and live a financially happy life

1.Budgeting is the process of estimating in advance the expenses which are expected to be incurred in future.

2. Keep a track of all your Expenses. This will help you to understand about where your money is going

3. Keep a track of amount lent/ borrowed from Friends

4. You should classify all your expenses into expenses on necessities and expenses on luxuries

5. Books, Stationary etc form a major expense for Students. This can be very easily minimised if the students buy books in bulk.

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