According to Ryan Elantri when it comes to money management and handling personal budgets, so keep these tips in mind to stay in control. Check this PPT for more details:

1. {
Ryan Elantri: How To Create A
Personal Budget
Ryan Elantri - Pennsylvania State University Student

2.  Ryan Elantri is currently pursuing a Bachelor of Science in Economics at The
Pennsylvania State University, and aspires to enter the financial sector
following his graduation. While most people will never receive formal training
in this subject, everyone struggles with issues related to finance from time to
time. This is particularly true when it comes to money management and
handling personal budgets, so keep these tips in mind to stay in control.

3. Track Your Expenses
 Before you can start determining what you can do with your income,
you need to understand where your money currently goes. Create a list
of expenses over the course of a month and then separate them by
highlighting the ones that are essential. You can then consider what to
do with those that aren’t.

4. Start Saving
There is no reason to wait to start saving money, because even a small
amount put away each month is a step in the right direction. Try to have a
goal in mind for the amount you want to save and what the money will be
put towards. Consider automating the process via direct debit into a savings
account, which will help you to consider your monthly savings as an
essential expense.

5. Be Honest
Don’t ignore credit card debt or other loans, because this often leads to
interest building up. Instead, be honest with yourself about what you owe;
this is the first step towards creating a plan to gain financial independence.

6. {
Ryan Elantri is currently
majoring in Economics at
The Pennsylvania State
University and is a Writer
and Editor-Member for
Seeking Alpha and the
Penn State Finance
Society.
About Ryan Elantri

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