A Financial Story
Erin, Class of 2007
My parents were honest with me and let me know early on in High School that if I wanted to continue my education that they would be financially unavailable. Initially I had high aspirations to get as many scholarships as I could along with grants and other “free” money. The first semester I was at PSU I did the payment plan which my parents and I paid for. After that, I started looking into loans with NHHEAF and never turned back. Loans became more familiar to me as I took the time to look into them and ask questions.
subscribe to feedManage Your Finances by Starting With A Budget
Money Management is an important key to successful personal finances. There are many ways to take charge of how, where and when you spend your money. Creating a budget will help you meet your financial goals. In this section find the best money management techniques for you.
What Is A Budget?
A budget is a sum of money allocated for a particular purpose. It can be used as a tool to help you be more responsible with your money. A budget can be used to help you set financial goals and allows you to visualize what can be done to reach them.
Who Needs A Budget?
Everyone can benefit from creating a budget. You don't have to be in financial trouble to have a budget work for you. Some of the benefits of creating and following a budget include:
- By monitoring your expenses, a budget can help you achieve a certain level of income and reach your financial goals.
- If you are in financial trouble a budget can be very helpful. It is a good visual tool to see how successful finances can be achieved.
- A budget can help you work your way out of debt while putting money into savings and meeting expenses.