With all the expenses that come with adulthood (bills, food, rent, etc.), how do you balance them all and anticipate surprise costs?
All of these expenses add on top of your student debt, so how do you handle them for a stable financial future? #student-loans #student-debt #debt #financial-planning #financial-aid #financial-services #scholarships #money-management
Base your spending on your income, no on what you want. Plan to save 20-25% of what you make so you can easily pay for emergencies when they come, and they will come.
Live minimally, save, invest, and work to increase your income over the course of your career. As your income increases, both your lifestyle and savings should increase too.
Rijbergen (Jeff)’s Answer
The best thing is to always maintain your fixed cost (rent, bills) as low as possible. Your variable cost , which includes surprise cost , becomes more manageable as a result . Food can be a fixed cost or variable cost depending on your lifestyle . Hope that helps