Currently, I am a university student, so I know university students have to face

many difficulties, especially students from other provinces living alone. I see
that besides the study pressure, they are also stressful to financial management.
You know that the living costs in the city are much more expensive than in other
provinces. I’m going to tell you about my experience. In February of last year, I
started living alone in HCM city. Can you guess? How much money did I spend
that month? About 5 million or 10 million VND? Approximately 10 million
VND. It was too much. At that time, I realized that I have to control my
finances. I'm sure that all university students need to do it. Therefore, in my
presentation today, I am going to talk about the effective ways to manage
personal finance for university students. My presentation includes three main
parts. The first part is setting up a personal budget. The second one is
economizing your spending. And the last one is generating your income.

Now, let’s start with the first part - setting up a personal budget. I believe that
university students should set up a spending budget to be able to scientifically
divide revenues and expenditures. This will help you form healthy spending
management skills and avoid facing overspending. To create an effective
spending plan, you can follow these three steps. Step number one is determining
your stable income monthly. You have to know how much money you may have
every month and where they come from (from your parents, your salary, or
someone else). The next step is categorizing cost items. You should make a list
by writing down all of the expenses you can spend on paper or taking notes on
your smartphone including the fixed monthly expenses and possible costs. Then,
you classify cost items by reevaluating the necessity of each item. The last step
is adjusting expenditures reasonably by narrowing down unnecessary expenses
and investing in more important goals.

Well, you can see the necessity and importance of setting up a personal budget.
Now we will move to the second part - Economizing your spending. The biggest
fixed cost university students face is their living costs monthly consisting of
many different costs including rental costs, electricity, water price, additional
fees, etc. So you should consider choosing cheap accommodation by registering
in a school dormitory or sharing a room with other students. Besides, the cost of
ready-made food and drinks outside is higher and usually does not ensure food
safety and hygiene. So you should get into the habit of cooking at home by
yourself to save on monthly food costs. As for students who do not have
personal vehicles, they can use public transport like buses, which is also one of
the ways to save money. On the other hand, the money to buy books and
textbooks for each subject is not much, but when you add up all the subjects, it is
a large amount of money. Because of that, you can find more useful solutions to
save money such as borrowing books from the school library, photocopying
textbooks, or buying back old books. And last but not least, when you need to
shop or use a certain service, let's take full advantage of the discounts. Shopping
online is a good idea for university students because there are many monthly
promotions, especially on e-commerce platforms such as Lazada and Shopee.

As we can see, there are many expenditures we can save. In the last part, we will
talk about generating your income. Working a part-time job is an effective way
in generating income which university students should consider. Some popular
part-time jobs for students you can refer to such as clothing salesmen, servers,
bartenders, tutors, and so on. For students who have their own savings and are
passionate about selling, you can invest that money in a small business like
selling clothes, snacks, and crafts; to make profits. They can use that profit to
cover their living costs or invest to expand the scale of their business. A fairly
gentle and safe way to increase income for those of you who already have your
own savings is by depositing it to a savings account and getting the interest from
the bank. It's clear that besides saving measures, generating income is also an
effective way to manage personal finances. I will tell my own story.

In conclusion, financial management is an essential skill for all university