User:Ashwini Damle/sandbox

Usages of finances in school
In school life, finances were not the major issues. Because of allowances from parents, there were no major issues regarding to finances. In school money were spent either on stationary or on giving small treat to their friends. In school the expenditure of books and tuition fees were not so high. Birthday parties were given in canteen of school, where food cost is low or else to the restaurant which is backed up by parents.So these expenditures used to come under the pocket money or the allowances parents used to gave.

Usages of finances in University or in College
As you move into University, away from hometown, you get the responsibility of managing finances. Even though you are economically supported by your parents, there are the highest chances that you run short for money. Students drown into this issue throughout their University life. High accommodation cost in paying guest or hostel where there are chances that they exclude food facilities to the students living there. So the majority of allowances given by our parents are spent on food. The treats and parties given to friends are increased and so does the cost of treats and parties given. If your accommodation place is far from the campus then it also includes daily transportation costs, fares if you use public transportation and fuel prices if you use private transportation. Basic necessities like providing laptop, purchasing of textbooks, references books, notes and other stationary costs are also increased as you entered into University.

How Students manage finances in University
University life teaches us how to manage money. Rough budget on where our money are going to be spend and where can the money be saved are jotted down. Also we can learn to differentiate between our needs and wants which are useful to save extra money. Also we can watch our expenditure by daily checking our bank accounts if we use ATM cards or plastic money. Also  we limit the usage of plastic money and we don’t over use it.