Preview Chapter Five:

Your first priority is making sure your basic needs are covered. This bucket is for:

• Rent, utilities, groceries, and transportation
• Essential insurance payments and subscriptions
• Any fixed monthly expenses that keep your life running smoothly

Unexpected expenses happen. A sudden bike repair, medical bill, or lost job can throw off your finances if you’re unprepared. This bucket ensures you have a financial safety net by:

• Setting up a small emergency fund (even on a student budget)
• Understanding how much you should save for unexpected costs
• Knowing when and how to use your emergency money

Even as a student, you can start building wealth for the future. Whether it’s investing small amounts or just learning the basics, this bucket helps you:

• Understand why investing early gives you an advantage
• Explore low-risk investment options suitable for students
• Learn about passive income streams and long-term financial growth

Investing in yourself is one of the smartest financial decisions you can make. This bucket is dedicated to:

• Courses, books, and certifications that boost your career prospects
• Learning new skills that can help you earn more in the future
• Networking events, workshops, and personal development

A good financial plan isn’t just about saving—it’s also about enjoying life. The Joy Bucket is where you set aside money for:

• Travel, entertainment, and hobbies that bring you happiness
• Social activities with friends without feeling guilty about spending
• Small indulgences that keep you motivated and balanced

Now that you know where your money should go, how do you divide it efficiently? In this final section, you’ll learn:

• The ideal percentage breakdown for each bucket (based on your income)
• How to adjust your buckets based on your personal financial situation
• The easiest ways to track and automate your allocations

By following the Five-Bucket System, you’ll create a sustainable financial routine that keeps you financially secure, stress-free, and ready to enjoy your student years.