Effective banking and national service teachers could help students

Make sure your own banking is effective with these basic suggestions.

11:29 23 June 2013

Recent news regarding the performance of students relates to poor students in certain locations, and there are calls for ‘National Service Teachers’ to besent in to address the issue.

 

There is a lot of evidence to suggest that poverty could have a drastic effect on student performance. In our own banking, we often have to decide the best ways to use funds as well.

 

Here are a few recommendations to ensure that your banking is effective. 

 

• Review expenses—in difficult economies, or if you struggle to make ends meet, it is especially important to review all your expenses. If you can cut back on any unnecessary expenditures, relocate to a place with a lower cost of living, or even be mindful of utilities you can start to create a little extra in your budget. This will be the extra you need to get ahead with your banking.

• Income—if your income cannot cover all the expenses you have, and you aren’t able to sufficiently reduce your expenses then you’ll want to try and supplement your income with a hobby, part-time job, or other type of job you can do on the side to give you a little extra to work with and make your banking more effective. 

• Resources—if a part time job, hobby or other income does not work, or you are not able to do any of those, you should have a few resources at your disposal to ensure that you have enough food and to perhaps free up a little bit of your money for betting banking purposes like savings. 

• Debt—if you have the ability, send a little extra on smaller debts to get them paid off quickly.