6 Comments
 

In microsoft excel, plan out how much income you will have for a given month. Then subtract any expenses you will incur that month; food, clothes, tampons, mike's hard lemonade, etc. What's leftover is your residual income. No one can tell you how much you want to save, but adjust your monthly expenses in accordance with your goals. Not sure I've ever met someone who saved money in college but go get em

 

Im not a troll, I admit I ask some non-smart questions. But yes I'm interested in a career in finance I just have no experience with it. If you feel my questions are "dumb" please pm/post pointing out how I sound, because I'm being serious.

 

Firstly, you have to keep all the bills for one month trying to be as frugal as possible in order to assess your "saving/consumption" power. Then at the end of the month analyse which amount of what you bought is really essential, and which is just because yes and done. The part that you need to spend no matter what is the constant consumption base, so the money left after substracting it from the total amount spent constitutes the amount you can spend on random (entertainment, travels, clothes etc.). Now you might (or not) have some money left from the total disposable income; that part is your ability (if it exists) to save. Based on these things you can plan about buying tickets, clothes, etc. without ending up breaking the piglet.

 

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