{"id":3517,"date":"2020-02-20T17:25:47","date_gmt":"2020-02-20T17:25:47","guid":{"rendered":"https:\/\/sites.austincc.edu\/money\/?p=3517"},"modified":"2020-02-20T17:25:47","modified_gmt":"2020-02-20T17:25:47","slug":"wheres-the-cash-at","status":"publish","type":"post","link":"https:\/\/students.austincc.edu\/money\/smmo-blog\/wheres-the-cash-at\/","title":{"rendered":"Where&#8217;s The Cash At?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Come one, come all, and let&#8217;s whip out our excel spreadsheets, calculators, bank statements, pen, and paper. We\u2019re talking about budgeting.\u00a0<\/span><span style=\"font-weight: 400\">What are the two main components to budgeting?<\/span><b> Income and Expenses<\/b><\/p>\n<p><span style=\"font-weight: 400\">Expenses are, as you guys might have known already, the money you spend. These expenses can be categorized into 3 types of expenses; fixed, periodic, and flexible<\/span><\/p>\n<p><span style=\"font-weight: 400\"><strong>Fixed Expenses<\/strong> are expenses that you gotta pay every month. This could mean things like\u2026<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Car insurance<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Childcare<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Cell phone<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Rent<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Debt\/Credit Cards<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">SAVINGS<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">That last one\u2019s a big deal ladies and gentlemen, SAVINGS. Yeah, you know, paying for things like your car or that bag of chips Alicia got for you last week (IOU) is important, but we don\u2019t often think about savings as an expense when we really should. Even if you\u2019re more broke than my sister\u2019s iPhone screen, that change in mentality might help you pinch a few extra pennies.<\/span><\/p>\n<p><strong>Periodic <\/strong><span style=\"font-weight: 400\"><strong>Expenses<\/strong> are those things that happen every now and again that you might need to cover. These could be\u2026 birthdays\/holidays, tuition, vacation, car maintenance, etc&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Wait a minute though. Just because they don\u2019t occur as often as your fixed expenses, doesn\u2019t mean that they\u2019re not important. They\u2019ll rock your world if you don\u2019t see them coming, especially if you are living paycheck to paycheck. Plan for them. Make a savings account for each one. You\u2019ll be glad that it\u2019s there when you need it.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><strong>Flexible Expenses<\/strong> are as you might expect, things that are on your budget that can be modified such as&#8230; eating out, socializing, entertainment, hobbies, etc&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400\">These expenses can be kinda spontaneous, which can really eat away at your savings. Even though it may feel like they come out of the blue, you can always plan ahead for them in your budget. Flexible expenses are also the areas where you have the most to gain since these are the easiest to reduce spending.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Remember, if you have to make cuts in your flexible expenses, they\u2019re temporary. You won\u2019t have to live off of ramen forever. Love dining out? Go out with your friend or significant other and share a meal. We live in Texas, which means Texas sized meals. If you\u2019re trying to treat yourself, then you can actually get that desert afterwards. Also, maybe grab lunch instead of dinner. You\u2019re less likely to get an alcoholic beverage with your meal and sometimes there are lunch specials.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Is your budget still negative? Have some extra time on your hands? Consider a <\/span><b>side hustle<\/b><span style=\"font-weight: 400\">.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/www.austincc.edu\/students\/supplemental-instruction\/become-an-si-leader\"><span style=\"font-weight: 400\">Supplemental Instruction Leader<\/span><\/a><span style=\"font-weight: 400\"> (Alicia is an SI and she loves it! They get paid $15\/hr.)<\/span><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/www.usertesting.com\/\"><span style=\"font-weight: 400\">Apps Tester<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Online tutoring<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Favor, Lyft, Uber<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">SXSW Events- <\/span><a href=\"https:\/\/www.thealiststaffing.com\/\"><span style=\"font-weight: 400\">The A-List Staffing Agency<\/span><\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Still wondering how you\u2019re going to pay for tuition and textbooks? Our advice is to look into scholarships.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Attend our <\/span><a href=\"https:\/\/sites.austincc.edu\/money\/workshops-events\/\"><span style=\"font-weight: 400\">Finding the Money<\/span><\/a><span style=\"font-weight: 400\"> workshop! Did you know ACC has a general scholarship application? This workshop truly helps with the anxiety of applying for scholarships. The next workshop is Saturday, February 22, 10 a.m.- 12 p.m. @ Highland Campus. Register today, ease that stress, and get that $ money $.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Come one, come all, and let&#8217;s whip out our excel spreadsheets, calculators, bank statements, pen, and paper. We\u2019re talking about budgeting.\u00a0What are the two main components to budgeting? Income and Expenses Expenses are, as you &hellip; <a href=\"https:\/\/students.austincc.edu\/money\/smmo-blog\/wheres-the-cash-at\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":88,"featured_media":3518,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[11,83],"class_list":["post-3517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smmo-blog","tag-alicia-tijerina","tag-william-chau"],"_links":{"self":[{"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/posts\/3517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/comments?post=3517"}],"version-history":[{"count":0,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/posts\/3517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/media\/3518"}],"wp:attachment":[{"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/media?parent=3517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/categories?post=3517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/tags?post=3517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}