STUDENT'S FINANCIAL PROBLEMS

Money is so important in the life of a student because it is the main financial resource for students to finance university life. Going to the campus as student means they have to be independent in managing their own finances due to start living away from their parents. To enable students to manage money wisely, they need to have deep knowledge in the field of financial management.

 Financial management allows one to assess and manage financial matters efficiently towards the achievement of life goals and financial well-being (American Institute of Certified Public Accountants / AICPA, 2003). However, there are also students who do not know how to manage their finances.

Life as a university student is absolutely different than when he was in school in advance for school age do not need a lot of money. As a university student who is going through a transitional phase environment, of course, the desire to buy is inevitable. However, most of the students spent their money lavishly. For example, boys prefer to allocate more money for spending on food, clothing, entertainment, stationery, recreation, transportation, and medical. While the girls also prefer to spend their money for cosmetic tools, phone bills, and other gifts such as jewelry and buy entertainment magazine.

Among the solutions that can be taken by students to reduce waste and inefficiency is taking part-time jobs. It is not possible for a student to work full-time within their education, so they can get the funds to meet their financial needs and can learn the meaning of hard to find the money by taking part-time jobs. 

There are many websites that offer jobs which are specially designed for students who will provide temporary financial solution. It also helps students to manage their finances effectively. In this way also can avoid wasting money and wasting among university students.

As a student, using money involves two major aspects, namely to fund education and also to finance the cost of living at the university. With the cost of living is increasing, student groups should empower and equip themselves with the knowledge and skills related to financial management to ensure the current financial well-being on campus, thereby ensuring goals countries in generating a smart student academically and also management of their finances.