CNBC: “Here’s what college students need to know about making a budget — and sticking to it”
CNBC, February 1, 2021 — In today’s article by Amanda Mier, a student at the University of California, Berkeley, she writes: “College is a time of newfound independence. A time to make your own decisions, stay up as late as you want and figure out what to do with the rest of your life — or at least what your plans are for tonight. And, while the awesomeness of that cannot be underestimated, it’s also a time to start adulting. Step 1: Make a budget.”
She turned to Marguerita Cheng for advice.
Rita says: Plan for unexpected expenses.
“As college tuition prices rise, the costs of tuition, room, and board, and meal plans factor into a budget significantly. But a lot of students and families don’t consider the overall cost of attendance, and the learning curve is especially difficult for first-generation college students. I’m not just talking about tuition, room, and board. Other things come up. So, you have to be ready for that. You have to have a cushion for unexpected expenses.”