It's Your Money

Did you ever wonder where the money in your wallet went or how your bank account balance got so low?

How your money disappeared is not as big a mystery as you might think. If you don’t plan what you spend or keep track of what you buy, it’s easy to burn through cash.

Running short of money can result in much more serious consequences than having your ATM withdrawal rejected or needing to borrow money again. If you run out of money, you may have to drop out of school and put your other plans on hold.

To keep your life and goals on track, you need a budget. A budget can help you be smart about how you spend.

Don’t think of a budget as a set of rules. Think of it more as using a GPS on a road trip. The maps and positioning software tell you where you are, help you plan a route to where you’re going, and redirect you if you take a wrong turn. Without a map, you might get lost, waste time, and spend extra money.

 

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