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Host: I ve never developed a budget before. How do I do that?

Brad Barnett: Now, the first thing is don t delay. Learn how to do a budget immediately. It's one of the keys to get into the college with as little debt as possible and in short what you really want to do it is find out what s your income, what are your expenses going to be and make sure that your expenses aren t more than your income. If you need help talk to your parents, if they have any experience, say, Mom and Dad, please sit down and help me learn how to do a budget. If they can t help you then may be your school counselor can help you, maybe your financial aid office can help you or hopefully you got a college that has some sort of financial literacy program or instructor, department and they can help you as well. You might also find that your parents use financial planner or advisor or consultant for their own personal investments, often times those guys can sit down and help you in the budget process as well. So, don t delay. Learn how to do this immediately and you will find that the college will be probably be more affordable than you think.

Expert: Brad Barnett

Brad received his Bachelor of Science degree from Southern Arkansas University, with a major in Psychology and a minor in Business.  He furthered his education by graduating from the Medical College of Virginia at Virginia Commonwealth University with a Master of Science degree in Rehabilitation Counseling, specializing in Mental Health.  He has been involved in the financial aid and/or rehabilitation More »

About This Video

In this video, Mr. Barnett reviews some important aspects of how managing your money appropriately can help make college more affordable.

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Tags: Financial aid, College, Graduate, School, University, Scholarship, Scholar, Study, Grant, Loan, Application, Finance, Management, Budgeting, Budget  

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