When you're away from home, your parents expect you to be responsible for
yourself and this includes taking care of your own finances. To manage your
money sensibly, you need a plan to work with.
Write down your allowance
and expenses for the month. What you are doing is actually budgeting your
income. Make sure that you set aside a small amount for your savings. One
way of cutting cost is eating in. It is cheaper than eating out. Moreover,
by cooking your own meals, you have greater control over what you eat.
Besides that, if you know of friends who live in the same area as you, you
might want to consider driving to college together. This saves on petrol and
parking. In addition, when you shop for household items, compare prices from
one shop to another before making your purchase. If you can, wait for sales
when you can get better discounts. However, sales where prices are marked
down incredibly can sometimes tempt you to buy things which you don't really
need. Therefore, be careful and don't give in to temptation.
Your summary must :
* not be more than 60 words,
including the 10 words given below
* be in continuous writing ( not
note form )
* be written in one paragraph
Use your own words as far as
possible without changing its original meaning.
Begin your summary as follows :
To manage your money sensibly,
you must first start with ...
To manage your money sensibly, you must first start with a
plan. Write out your budget and put aside a set amount for savings. You can
save money by eating in and carpooling. Besides that, before buying
household items, compare prices first. If possible, wait for sales but do
not be tempted to buy what you do not need.
( 59 words )