As a college student, setting up a budget is an essential part of managing your funds.

It enables you to maintain tabs on your earnings and outgoing costs and aids in the
discovery of areas where you can reduce expenditure. The following advice can help you
make a budget that works for you.
1. Determine your income. To begin, figure out how much money you receive each month.
Income from a part-time employment, financial aid, scholarships, or any other kinds
of money are examples of this.
2. List your expenses. Next, make a list of all your expenses, including fixed expenses such
as rent, utilities, and transportation costs, as well as variable expenses such as groceries,
entertainment, and clothing.
3. After you've outlined your expenses, give them a priority based on their significance. For
instance, while entertainment and shopping can be lower on the list, rent and utilities
should be at the top.
4. Prioritise your expenses and then set spending caps for each category based on what you
can actually afford. This will assist you in avoiding overspending and help you stay on
budget.
5. Evaluate and correct. It's crucial to frequently check your budget and correct it as
necessary. Consider making changes to your budget to lower your expenses if you
discover that you routinely spend more than you should in one category.
A budget is just the beginning of managing your finances as a college student, so
keep that in mind. To reach your financial objectives, you must also exercise self-control and
adhere to your spending plan.

1. What does the text tell about?

a. The importance of saving money.
b. Benefits college students will get after saving their money.
C. Tips for college students to save money.
d. Tips for college students to budget.
e. How to spend money well.

2. What is the purpose of the text?

a. To give college students options in budgeting.
b. To persuade college students to save money.
C. To present the writer's opinions about budgeting.
 d. To tell the readers how to spend money well.
e. To present the pros and cons of budget.

3. The genre of the text is …..

a. procedure
b. narrating
C. explanation
d. descriptive
e. instructing
4. “……… of areas where you can reduce expenditure."
The underline word refers to ……
a. readers
b. students' parents
C. college students
d. the writer and readers
e. the answers b and c are correct