A. Read the article from a student magazine. What advice does the article give? Do you think it's good advice?
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STUDENT LIFE Managing your Money Congratulations! You just received your first student loan. So now it's decision time. How are you going to spend it? On a new phone? Or some cool sneakers? Well, don’t! Before you spend a penny of it, make a budget. Compare the amount of your loan with your expenses (rent, transportation, food). If you don't have enough money for the year, maybe you can borrow more. But if you borrow money from a bank, you pay interest. So, if possible, ask a friend or family member to lend you the money. If they have some extra money, they will probably help you. Or, a lot of students have part-time jobs to earn some money. And if you are a student, you don't pay much in taxes for the money for the job. With this income, try to save some money for later in the year. |
The article gives advice that before you spend a penny of it,make a budget. Compare the amount of your loan with your expenses (rent, transportation, food). I think it is a good advice because it help students to spend money in the right way