Copyright 2002 Houghton Mifflin - All Rights Reserved Navigating Your Future: Principles for Student Success By James G. Beierlein & Barbara K. Wade Chapter Twelve Campus Money Management Chapter 12 Copyright 2002 Houghton Mifflin - All Rights Reserved
Types of Campus Budgets School Year Budget - A listing of income and expenses for the entire school year by semester Monthly Budget - A listing of income and expenses by month Chapter 12 Copyright 2002 Houghton Mifflin - All Rights Reserved
Aligning Goals & Spending Budgeting allows you to control your money so you can do the things that are important to you Prioritize your goals and personal needs Design a budget that allows for fun as well as financial surprises Chapter 12 Copyright 2002 Houghton Mifflin - All Rights Reserved
Copyright 2002 Houghton Mifflin - All Rights Reserved Monthly Budgets Cost of living Cost of college Savings plan Unexpected expenses Chapter 12 Copyright 2002 Houghton Mifflin - All Rights Reserved
Debts & Credit Cards How much is too much debt? When your monthly debt payments take more than 20% of your monthly income, that is too much Ideally, credit card balances should be completely paid off each month Chapter 12 Copyright 2002 Houghton Mifflin - All Rights Reserved
Copyright 2002 Houghton Mifflin - All Rights Reserved Money Summary Align spending with life goals Budgeting is a critical part of financial planning Budgeting gives you control over your life and how you use money Budgeting allows you to focus on school Chapter 12 Copyright 2002 Houghton Mifflin - All Rights Reserved