How To Save More Money As A College Student

Hello, everyone. How are you? I hope you so well. Today, I’m gonna talk about how to I save more money in college life. That’s my simple tips to you. And, it’s my experience too.

It’s 2 tips from me to you. I hope the tips very useful to you can be save more money. Let’s go everybody.

Investment in Mutual Funds and Stock Market

That’s my tips. If we as college student worked nine to five and find a more than one side hustle that can get a extra income for the future. Before you invest in mutual funds or stock market. Please study and learn more about this. Because that was very hard to do in the practice, but you can choose between intruments investment.

I was started invest in mutual funds first. That made me feel scared to invest. But, I waste my time to learn more and ask my friends. He is expert in stock market. On the other side, I didn’t in stock market too because I don’t have more money. However, side hustle help me a lot.

I’m learn more this from YouTube and Podcast from Indonesia and made me understood about investment. And then, I’m brave to invest in mutual funds although so late.

The 50/30/20 Rules

I use the 50/30/20 rules for my income. That’s so very helpful to me. And make sure can be consistenly to save my money and invested too.

I find the rules in another website. It was said we can share 50/30/20 rules in saves, wants, and other. You can choose how much percent that you can save and invest. Don’t forget it.

The saves is 50% for me include mutual funds, stock, and so on. Because I have responsibility with own money. Usually I save more money in bank first, and then transferred to mutual funds. It is have correlation in above.

The wants is 30% include online course, travelling, and so on. I have spent 30% of my money every single day. And then 30% is big number for wants.

And the last one, the other is 20%. That’s was what my family want for the rental and so on. It is small number for that. But, we can do it share the 50/30/20 for own money.

That’s all my article. I hope you enjoy with it.

Thank you so much and goodbye.