Wednesday, October 8, 2014
My College Budget
What was most surprising about my college budget is that I was already in debt by the end of the month! My job did not provide enough money for me to pay of all of my expenses. I actually assumed I was going to be in debt by a few hundred dollars, but not in the thousands! I have been thinking about this and I am starting to get worried about being in debt and borrowing student loans in the future. I have faith in God and myself that I am able to hold all of this responsibility upon my shoulders. There are a lot of expenses to pay for (mostly for everything), but I think I can manage. It will have to take a lot of work to pull off enough money to pay of the debts. I have realized that I may need to look into a higher paying job or apply for a side job so I can earn some more money. This job gives me a very low income, so I might have to find summer job or a side job as mentioned before. I can prepare myself for these expenses by saving up the money in my bank account so I can be ready to pay off the high expenses. I also need to ask people who have experiences with budgeting so I will know what to do when handling my money.
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I agree that being in debt and borrowing money is stressful. That is one of the things that concerns me as well.
ReplyDeleteThe potential debt worries me also, I just trust that everything will work out. That is a good idea to ask people for advice though, I didn't think about that.
ReplyDeleteI know! I wasn't expecting to be in high debt either! Trusting in God, i think, is the only thing you have to do in order to keep everything in order. I know it will take hard work to pay off all of those debts, but I believe in you Edrick!
ReplyDeleteYes I also need to find a job. My dad has been nagging me the whole summer to get one but I never did. I sent out like 6 applications and I have never looked back at it again.
ReplyDeletei agree that being in dept and asking other people for money is very stressful and to me i don't ever want to have to borrow money from people because then i will feel like i failed as a person
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ReplyDeleteI forgot about being in debt! The sound of that is just so scary!! I agree that either a higher paying job or a second job will definitely help out a lot!
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