Spring break is two months away...LSU's coordinator of the Student Financial Management Center, Emily Burris Hester, gave us a few tips to start saving.
1. Keep track of your money.
Track how much you make a month and track how much you spend. If you're spending more than you're making then it's time to start a budget plan. The SFMC has easy to use spreadsheets to keep track of your spending and saving.
2. The sooner you save, the better.
Hester recommends to start saving in August...but if you haven't started yet, don't panic. Set aside a small amount of money from each paycheck you receive until spring break.
3. Identify the real costs.
Do you really need a new swimsuit? Probably not. Separate wants from needs to see how much money you actually need to put aside for spring break.
4. Saving money once a week is easy.
Do you really need a new swimsuit? Probably not. Separate wants from needs to see how much money you actually need to put aside for spring break.
1. Keep track of your money.
Track how much you make a month and track how much you spend. If you're spending more than you're making then it's time to start a budget plan. The SFMC has easy to use spreadsheets to keep track of your spending and saving.
2. The sooner you save, the better.
Hester recommends to start saving in August...but if you haven't started yet, don't panic. Set aside a small amount of money from each paycheck you receive until spring break.
3. Identify the real costs.
Do you really need a new swimsuit? Probably not. Separate wants from needs to see how much money you actually need to put aside for spring break.
4. Saving money once a week is easy.
Do you really need a new swimsuit? Probably not. Separate wants from needs to see how much money you actually need to put aside for spring break.
Watch the full interview with Hester here: