A student asks how well they manage money since they live with parents and don't have expenses. They try to save money given by parents for future needs. The response recommends creating a monthly budget that includes tuition and personal expenses by figuring out income and separating money for school, savings, and daily expenses. It also suggests evaluating the importance of every dollar spent and examining expenses, spending patterns, income, and separating money between yearly and monthly costs. A wise money management approach can help students overcome problems and stress.

1. CHAPTER ELEVEN
1. How well do you manage your money?
- I don’t work and I live with my parents, so I don’t have to worry about some expenses. When
my parents give me money I try save as much as I can so if in the future I need money I can
used my save money.
2. What can you do to manage your money better?
- Create a monthly budget including tuition and additional personal expenses. First of all figures
out what you earn then separate the money between school, savings and daily basis expenses.
Evaluate the importance of every dollar expend. Figure out what you spend divide the cost by
12 months for example: health expenses, house expenses, automobile insurance, and extra
personal expenses. Examine your expenses, examine your spending patterns and properties
and examine your income separate your money between yearly and monthly expenses. Money
flows like water, not every student have the same responsibilities, some have family support
and some need to work in order to pay for the classes, rent, food, etc. It depends on how the
student manages their money. A wise management of money helps the students overcomes
problems and stress.