Create a Realistic Budget
Building a realistic student budget is a wise stewardship practice. Some people see budgeting from a point of scarcity and restriction, but a budget can be a tool that frees you to spend up to the limit you’ve set for yourself.
A budget or spending plan is the most essential tool in money management. No matter if you make thousands of dollars a year or hundreds of dollars, it is important to know how much you have, how much you spend, and where it goes.
Being aware of your income and expenses can be done with the help of the Student Budget_Planner. (This is an Excel file from Luther Seminary, but may be used by a student at any seminary.)