October 3, 2015
Whether you want to achieve a high position in a profession or want to pursue a career of your dreams, there is only one path which can take you towards it: Education. Every student aims to gain admission into any of the top ranking colleges around the world. Many even have the aptitude and passion which can get them selected in the best institutes around the world. However, due to lack of career guidance and financial crisis, they succumb to the problems they face and discontinue their pursuit for higher education.
The problem which can be solved
The lack of financial resources is considered the one of the biggest hurdles in education. Many a times, students lose heart and consider lack of finance as a problem which they cannot overcome. With the combination of careful planning and hardwork, one can effectively build enough financial resources to fund their education themselves. Here is how to do it:
If you don’t already know the difference between wants and needs then its time you know it. Wants are things without which you can survive (yes you can survive without an Xbox) while needs are those things without which you cannot survive. Prepare a list of all your expenses and start striking out these ‘wants’ and analyse how much money you can save.
So, you have finally separated your wants from your needs and decided on things without which you can survive. Now, the next step is: preparing a budget. Preparing a budget means outlining all possible expenses you may incur during your study term. However, you should know that preparing a budget is not enough. You need to make a check every now and then to determine whether you are following it and (in case you are failing to abide by it), how to ensure that you follow it.
You don’t need a degree to earn. On the contrary, you need to earn to get a degree. In countries like USA, majority of students work part time and earn while pursuing degrees and courses. Whether it’s a desk job as a typist or the job of serving people food: earning will give you money and most importantly, an experience of practical life which you cannot get in any of your college classes.
It is easy to take loans (even that is not easy these days). The most difficult part comes when you have to repay them. Although student loans have more easy terms of repayment, they are still loans and to be treated with seriousness. For any kind of debt, make sure you have backup plans to pay it.
The findings of a research show how students, after completing their graduation have to spend huge amounts of money to repay their educational loans. This shows how important it is to keep debts at the minimum.
Bills are like snakes, if you don’t pay them once they will start accumulating and you will have to arrange a big amount to get rid of them. The best way to pay bills is to make arrangements for them as soon as you receive them.
All those chocolates and soft drinks you dream about won’t go extinct till you complete your education. Nor will shopping malls close down in the next few years, therefore, avoid impulsive purchases and save your money. Vices are dangerous not only for your health and mind but also for your pocket.
There is no shame in being a student and looking like one. All those special discounts for students are there to be claimed by students like you. Use them. Furthermore, you can cut your expenses by buying used books or e-books. Use public transport as it will lighten your weight (and not your pocket). Be resourceful in your daily chores. Find multiple uses for a single appliance. This resourcefulness will prove invaluable in your later life. Applying for scholarships will also provide a huge boost to your educational funding.
Obstructions usually appear on paths which are not treaded by all. Paths which are only taken by those who are brave enough to walk on them. All you need is a strong passion and a will to take up challenges.