Money Management_.pptx This PPT for collage student

1. C.V.RAMAN
GLOBAL
UNIVERSITY
BHUBANESHWAR,ODISHA
Nikhil Kumar
2301020541
GROUP:-1Btech(CSE)
Money Management in Hostel Life

2. Introduction to Money
Management in Hostel
Life
Living in a hostel as a student comes with financial responsibilities. Efficient
money management is essential to maintain a balanced budget and achieve
long-term financial goals.
By: Nikhil Kumar
Regd No: 2301020102
Group: 1 (B)

3. Setting a Budget for Daily Expenses
Prioritize Necessities
Allocate funds for essentials like food,
accommodation, and transportation.
Limit Non-Essential Spending
Define a reasonable spending limit for
discretionary items to avoid overspending.

4. Tips for Saving Money on Groceries and
Meals
1 Buy in Bulk
Purchase non-perishable items in bulk to
benefit from cost savings.
Meal Planning
Plan meals in advance to avoid overbuying
and reduce food wastage.
2

5. Managing Utility Bills and Shared
Expenses
Equal Contribution
Establish fair guidelines for sharing utility
costs among roommates.
Automate Payments
Set up automatic payments to avoid
missing due dates and incurring late fees.

6. Part-time Job Opportunities for
Students
Flexible Hours
Explore job options that accommodate academic
schedules and commitments.
Financial Independence
Empower yourself by earning extra income to
support living expenses and personal needs.

7. Avoiding Unnecessary Expenses
and Impulse Purchases
2
1
Identify Needs vs. Wants
Evaluate whether a purchase is essential or a discretionary expense.
Control Impulsive Buying
Delay spontaneous purchases and analyze their necessity before making a
decision.

8. Planning for Long-term Financial
G o als
3
1
2
Review and Adjust
Periodically review and modify goals based on changing financial
circumstances.
Goal Setting
Define specific financial milestones for the short, medium, and long term.
Regular Savings
Consistently allocate a portion of income towards savings and investments.

9. Conclusion and Key Takeaways
Organization
Discipline
Education
Create a financial plan to manage income and
expenses efficiently.
Practice discipline in spending habits to achieve
long-term financial stability.
Continuously educate yourself on financial
literacy and money management.

10. REFERENCEPAGE
1.Khan Academy. (n.d.). Personal Finance.
Retrieved from
https://www.khanacademy.org/collage-careers-
more/money-management-in-hostel-life
2.Investopedia. (n.d.). Personal Finance. Retrieved from
https://www.investopedia.com/personal- finance-4689755.

11. F o r W a t c h i n g T h i s P r e s e n t a t i o n