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Budgeting Tips for College Students: Strategies for Financial Management and Success

  • Writer: Miguel Virgen, PhD Student in Business
    Miguel Virgen, PhD Student in Business
  • Feb 5
  • 6 min read

Updated: Mar 14

February (Doctors In Business Journal) - Effective financial management is a crucial skill for college students, as many face financial challenges due to limited income and rising education costs. This paper explores various budgeting strategies that can help college students manage their finances effectively, reduce debt, and avoid financial stress. The paper draws on academic research, surveys, and case studies to evaluate budgeting techniques, including tracking expenses, prioritizing spending, and using financial tools and apps. The paper also examines the role of financial literacy, student loans, and part-time employment in shaping budgeting behaviors among college students. Based on the findings, the paper offers practical recommendations for students seeking to improve their financial well-being during their college years.

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