Whether you are paying your own way through college or you are receiving assistance from someone else, it is always important to develop a budget and keep in mind what you are spending daily.  This not only helps prepare you for a financially stable future but also makes sure that you do not run out of money half-way through the semester.

Having a budget is not something to be looked down upon because budgets are what prevent you from having future financial issues.  If you know how much your monthly income is and can figure out a way to appropriately divide it up between all payments needed you are less likely to miss payments or run out of money.