What is money? According to the Cambridge Dictionary, money is defined as “coins or notes used to buy things.” In other words, money is something we can exchange for the items we want. We use money every day for our daily consumption of food, petrol, utilities and any other subscriptions. As for students studying in a college or university, they need to be aware of their finances to avoid depleting their wallet and savings. So, to answer the question, “how to manage your money as a student?” this essay discusses several methods to manage student money wisely. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay First, students can manage their money by creating a budget that includes everything. Students should list the source of income, such as parental allowance, part-time job, student loans or any grants. Then, they can map out estimated expenses for a week or a month, including expenses like food, travel, school supplies and laundry. As a result, they will have a better picture of their monthly spending. Additionally, there are applications like Mint and Spendee that help them keep tabs on the amount of their online spending by linking their bank account to these applications. At the end of each month, a summary of the monthly spending amount will be displayed on these applications. On the other hand, students can use spreadsheets to record their expenses if they prefer the conventional method. However, students should spend according to the budget planned in advance otherwise it will be ineffective. Additionally, students can minimize the amount of spending to manage money efficiently. Instead of buying a new one, students can opt for second-hand items to reduce the amount of spending. Students can purchase school supplies such as books from their superiors or from specific websites that sell used textbooks. Additionally, students can save money if they cook their own meals as well as enjoy healthier foods. They can buy groceries from a nearby supermarket at a fair price and serve meals themselves. For those who are not familiar with cooking, there are various simple and easy recipes on the Internet. Additionally, students can reduce costs by knowing about student discounts. Some products or services, such as movie tickets and books, offer student prices, and students can enjoy a day out without upsetting their wallet. Additionally, students should monitor their spending habits to manage their money. The vital part of managing money is differentiating what you need and what you want. They should curb their desire to purchase unnecessary and luxurious items. They can select products with a lower price instead of the most expensive item displayed in the store. For example, a student is looking for a phone, rather than the latest iPhone which costs much more than other phones, he can buy a cheaper phone with suitable specifications for studies. Also, the student should think twice before purchasing and compare the price between different stores to get the most reasonable price. This saves you money down the road. From another perspective, why should students manage their money wisely? Students should manage their finances well to repay their education loan. The main source of funding for tertiary education fees is the National Higher Education Fund Corporation (PTPTN) in Malaysia. Besides PTPTN, there are others as well.