_ Hey, Tennessee TSA! This month, we have some great information and tips on how to organize your finances and your schedule. Be sure to leave us comments at the end of this blog to let us know what you think, as well as any tips of your own that you want to share!
You’ve probably heard the quote, “Money makes the world go ‘round.” While we encourage you to maintain a healthy attitude about the relative importance of money, it’s also common sense that money can improve the quality of your life, and used wisely, can improve the lives of others. It’s important, therefore, to know how to manage your finances. Here are a few tips to help you on your way! · Organizing your money can help you to keep track of where your money is going. Try ordering your money into four different piles. One stack will become a spending stack for money that you will use for everyday necessities, such as buying lunch or gas for your car. Another stack will become a savings stack, and will contain money that will be used later on larger purchases, such as a new computer. Put aside some money that will go into an investing stack, and put that money into a bank account. Finally, put some money into a giving stack to use to donate to charity, or for birthday gifts for others. · Open up both checking AND savings accounts to organize your money. Usually, banks have special savings programs for students who would like to save money for college. Feel free to ask an accountant to help you through this process; it’s their job, after all! · Set savings goals! How much should you save each month? That depends what you’re saving for and how much you have to spend on other expenses. For example, if you’re saving up for the latest smart phone, you would probably want to save a little extra every month. However, if your cell phone bill is higher than usual, or if you used more gas than you typically do, don’t let your savings cut into your necessary expenditures. · Cut your expenses; be a smart shopper! Instead of buying new books from a retailer, go check out a used bookstore instead. Try buying daily necessities like shampoo and deodorant from value stores. Avoid buying clothes from the mall or from clothing outlets; try shopping at thrift stores instead. You’d be surprised at all of the great deals you can get when you think outside of the box! · SAVE FIRST. Money is a little like trust; it’s easy to lose and hard to earn back. Always remember that you can only spend money once, save some money for the future. Saving for college or a new car definitely beats getting a new trinket every week! Another critical aspect in staying organized is being able to manage your time effectively. This is easier said than done, especially when you’re participating in many different events and extracurricular activities. Oftentimes, not being able to effectively manage your time leads to unnecessary stress. But don’t fret! With these helpful tips, you’ll be able to manage your time effectively and hopefully relieve some stress in your life.
· There are many options that you can pick from to keep a personal agenda. The most common is the use of a daily planner or notebook. This tool is very effective because it’s portable, doesn’t rely on a battery source, and serves as a tangible reminder of the work you need to get done. · However, for those of you who prefer putting technology to use as often as possible, there are also several digital options available. Many websites, including Google’s mail service, provide digital calendars. If you have a smart phone, you can even store your plans on a mobile calendar! While some of these tips might seem like common sense, they will make a huge impact in your ability to manage your time, and subsequently, in your day-to-day life. So the next time you have an opportunity, try using these tips, and be prepared to be amazed at just how big of an impact these small tips will have for you!
12 Comments
2/13/2012 02:47:59 pm
This is very helpful for students in handling their money. This post is great. Good thing you've come up with this idea.
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Orlandra Hebron
8/12/2013 03:16:37 am
This blog is helpful because it helps students handling money , the blog is great
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Lakyra Smith
8/12/2013 03:21:03 am
It Is Very Helpful Advice When You Are Trying To Save Your Money And Dedicate Your Money To Something Important.
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8/12/2013 03:23:07 am
Organizing your time & money
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r patterson
8/12/2013 03:24:52 am
time is important.money is important.we need both.
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Chandreka Gray
8/12/2013 05:31:12 am
I think this is very helpful. Most students does not know how to manage money nor time and this will be a great opportunity for us to learn.
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corey samuels
8/12/2013 05:57:08 am
In so many ways these are some very valuable ideas. Now i know that i can get more things done in a timely manner just by using my time wisely and learning to spend money precisely.
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9/13/2013 02:43:09 am
Good plan and organization is so much important if you want to achieve something.
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3/12/2014 08:32:20 pm
Organizing the time and money this are thr crucial factor which are the requirement of every person and this blog gives an idea to share for better time management.Thanks
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5/6/2014 06:11:14 pm
Really i am impressed from this post....the person who created this post is a genius and knows how to keep the readers connected..Thanks for sharing this with us.
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AuthorsJae-Young Son, State President Archives
January 2013
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