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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

2. 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

3. 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

4. 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

5. 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

6. 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