There are certain expectations that come with life and one is the ability to manage personal finances a little better than your peers. Surely someone studying finance should know how to balance their own books better than a history, engineering or drama student? Well, when it comes to money management, book smarts don’t always translate into street smarts. Those opting for an undergraduate major in finance are just as capable of running into a personal budget crisis as anyone else. If you’re thinking of choosing finance course or already belong to this group, here are a few ways you can apply your macro knowledge on a micro scale. Determine Your Income As your finance professors will teach you, an income statement is one of the essential tools for determining a company’s financial health. There’s no reason you can’t apply this to your own life. Keep track of all your incoming funds - your monthly salary from that part-time pub gig, money from mum and dad, etc. - and balance … [Read more...] about Practice What You Preach: Good Money-Management for Finance Students