Felix Balderas 
EDINBURG – With rises in inflation and economic pandemonium, many students may have trouble navigating their monetary expenses. Salvador Contreras, Economics Professor at U-T-R-G-V spoke to KVAQ-TV about financial responsibility advice that students can take to improve their financial choices.
“Well obviously you want to keep track of all your expenses, some sort of system where you can see your expenses… make a budget, lay out the commitments you have [bills, car],” said Contreras.
Contreras mentioned that a mishap that people generally make is falling into the temptation of buying things that you want but don’t need.
“The biggest mistake is to spend your leftover money on things you may not necessarily need… you should always have reserves in case your car breaks down or you get sick,” explained Contreras. “Many things happen where you need access to cash, if you spend whatever money you have leftover, you don’t have those buffers.”
Mikaela Salinas, a psychology major gave input about how she handles her financial responsibilities.
“I am happy with my financial decisions…so I don’t have to be super careful with what I’m buying, but at the same time I am because I realize money is something that is not always there,” said Salinas.
For more financial tips you can visit Federal Student Aid at studentaid.gov
