College is often the first time you are managing money on your own. To keep track of your expenses, create a budget or a spending plan.
Budgeting Empowers You
Organize your finances with a budget so that you are in control...not guessing whether you can meet your expenses every month. Develop and follow a spending plan to save money and prevent stress.
Spend Your Money Wisely
If you receive a financial aid refund, the money is meant to help you pay for unbilled educational expenses, like books, travel, rent (if living off-campus), etc.
- Keep track of your tuition bill and aid. Check ULink often.
- Understand your income and expenses. Review your monthly spending.
- Keep copies of your bills, record the amount paid, method paid, and the date payment was made.
- Purchase used instead of new textbooks.
- Live on campus to save money.
- If living off-campus, find a roommate and purchase a commuter meal plan.
- Get a part-time job.
- Be creative when going on a date or an outing with friends. Students have access to many free events and discounts at local businesses.
UL Lafayette and the B.I. Moody III College of Business Administration provide additional Personal Financial Planning resources and projects for you to explore.
