MONEY MANAGEMENT FOR THE PRIVATE STUDENTS.

My money easily gone. The grocery stuff in the university is kinda expensive or can be say very expensive. Outside, the cost of hamburger is just cost one ringgit and fifty cents but in university, it cost about two ringgits and fifty cents. Thus, money management is very important especially for the private students.

In conjuction, to save more money instead of giving the money to the seller, we should only buy the most important stuff such as lunch. Basic needs is more important than desires. Sometime we have to let go the opportunity cost in order to make our more convinient. As example, Ms. A wants to go to the cinema but at the same time, she has to done her assignment which must to pass up tomorrow. If Ms. A desires a great grade for her assignment, she would forgone to go to the cinema. At the end of the day, she would be much grateful with the opportunity costs as she has done the assignment and her lecturer would not penalize her. By buying the important stuff, student can save more money. Private students must have its own discipline to control his money management. So, at the end of the day, there is some balance in the account saving as he is controlling his desires to not buy unimportant things.


To make the exchange of money more transparent, we should have at least one notebook about our daily accounting record. This enable us not to wonder where the hell on earth the money gone at the end of the day. Every time you buy something, jot down the things that you have bought. If possible as soon as you are getting closer with the cashier counter. This will prevent you from forget the things that you've already bought and you know how much money that you have spent and the total remainder of money that you have right now. This makes you a discipline person as you keep jot down your expenses in your accounting record.

Last and not least, do not easily threat our friends with drinks or burger as example. But, you still can treat your friend but just once in a while. Do not treat your friend when you are insufficient of money. When you do this is just like you are throwing your body into the tiger mouth with contains a lot of sharp teeth. You have to remember the money that you have right now is only enough for your monthly expenses not including with the make-up expenses or clothes expenses unless you are come from wealthy family.

To put into the nutshell, love your money as you love yourself but don't over love the money untill you become greedy as the money is not the only key of happiness and successful. But still there is the importantness of the money. But why there is a lot of wives out there left their husband because their husband can not afford to buy some jewelry?

**This is not the process essay. And its not easy to maintain yourselves on jot down your accounting record and thats one of the main reasons sole prietorship close their firm.