Managing Your Refund

Very few people in the world get paid like Terry Scholars. Scholars, unless they have a part-time job, only get paid twice a year. When funds disburse, your TTU bill is paid, and then the remainder is direct deposited into your bank. From there it is yours to manage until the next disbursement 10 days before the next semester starts. This can make winter break and summertime pretty difficult if you don't manage your money well.

To help you have a little money to get home on for Christmas, here are some tips for managing your refund. Creating a budget may sound complicated, but all you need to do to get started is set aside some time and get organized—the benefits will make the effort worthwhile. The following steps will help you set up your budget and manage your finances by helping you track your income and expenses.

7 Steps to Manage Your Money in College

1. Be realistic.
2. Estimate your expenses.
3. Know your “needs” versus your “wants.”
4. Align your spending with your values.
5. Savings.
6. Be organized and kind to yourself.
7. Cash is king…or queen.

Create a Budget
​Use this worksheet to set your income versus expenses, your spending limits, and savings goals.

​No seriously. Just take a minute right now and do it.