Watch more How to Manage Your Money videos: http://www.howcast.com/guides/48-How-to-Manage-Your-Money Subscribe to Howcast's YouTube Channel - http://howc.st/uLaHRS Budget Set a budget so you can live within your means. Howcast uploads the highest quality how-to videos daily! Be sure to check out our playlists for guides that interest you: http://howc.st/ytmainplaylists Subscribe to Howcast's other YouTube Channels: Howcast Health Channel - http://howc.st/HOE3aY Howcast Video Games Channel - http://howc.st/tYKKrk Howcast Tech Channel - http://howc.st/rx9FwR Howcast Food Channel - http://howc.st/umBoJX Howcast Arts & Recreation Channel - http://howc.st/vmB86i Howcast Sports & Fitness Channel - http://howc.st/vKjUjm Howcast Personal Care & Style Channel - http://howc.st/vbbNt3 Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional videos, Howcast brings you experts who provide accurate information in easy-to-follow tutorials on everything from makeup, hairstyling, nail art design, and soccer to parkour, skateboarding, dancing, kissing, and much, much more. Step 1: Add up income Add up all your income. Step 2: Divide by months it took to earn Divide the total by the number of months it took you to earn it. The result is your monthly income. Step 3: Add up monthly expenses Add up your essential monthly expenses, like food, rent, transportation, and personal necessities. Step 4: Add up nonessential spending Next add up your nonessential monthly spending. Step 5: Add up expenses Now add up your expenses, and pray the total is lower than your monthly income. If your expenses exceed your income, you'll need to cut back on nonessential items. Step 6: Stick to numbers Once your numbers are set, stick to them! Discipline is the key to living on a budget. Tip Try to set aside a small portion of your income on a regular basis—make sure to deposit it in a secure savings institution. Step 7: Take public transportation or carpool Take public transportation, or carpool with friends to save on gas. Walking is free, and it's great exercise! Step 8: Be frugal Be frugal. Stop buying brand name clothes and fancy foods. Stop drinking lattes. Don't order takeout. Tip Instead of buying napkins, wipe your mouth on your sleeve. Step 9: Buy secondhand Buy anything you can secondhand. Thrift stores often sell household goods and perfectly good used clothing. Did You Know? According to the Department of Education, more than 80% of undergrads have at least one credit card, and nearly 50% have four or more.
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