Time & Money Management During Exams
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Personal Finance
- Swati Tripathi
- 2022-12-10
- 03 min read
#Money management
#Time management

It’s the examination season, and students are hustling with notes, study hours and planning the post exam travels too.  

But how do you manage time and money for all this is a question? 

“I don’t have enough time to complete this syllabus”, “I also need some money as these xerox and project work has wiped off my pocket money.” 

These are common statements that one can hear during examinations. We are here to solve this for you. Scroll down to know the answer. 

Also Read: Managing monthly budget is key to saving money

Take breaks between study sessions 

Non-stop study sessions may often lead to stress; therefore, it is advisable to take breaks between studies and relax your mind. 

While you relax your mind you can focus on your body and try exercise or yoga which would relax you. 

But during these breaks avoid binge watching or gaming as it will lead to longer break time and loss of concentration. 

Also read: How Savings Account Helps In Financial Education

Stay away from procrastination and distraction 

A simple way to avoid procrastination is to understand and analyse the places that you study - where were you the most focused? Where were you most distracted?  

The most important thing is - what works for someone might not work for you.   

For some, studying in groups could be distracting. But for others, studying with friends can help and increase their motivation. Think about yourself and what makes you comfortable and go with that. 

Plan more, avoid repetition 

It’s okay to plan for a while and then starting with a time bound goal. This way you won’t start randomly and end missing out on few chapters or subjects.  

A plan will make you feel more confident and comfortable and achieving your goal and sticking to the plan will help you much more. 

Also, once you plan stick to it no matter what! Don’t be disheartened if your peers have completed much more than what you have. Just remember, changing plans mid-way can hamper your end goal. 

Also read: Finance 101 for students

Be flexible but realistic 

When it comes to planning your studies, you can be flexible with it, because the planner is to help you and not stress you out.  

But at the same time don’t forget to be realistic when you plan the studies. For example, try not to aim at finishing a huge chunk of studies in a day or commit to study for 8-9 hours straight. As this will only create unnecessary stress of not finishing up on the decided timeline. 

Managing budget 

Money Management Tips

Budget is not a priority when it’s exam time. But, over the years you must be aware if you require that little extra money during the exams for various reports, photocopies, projects, late night chai sessions and so on. 

Therefore, what you can do is save a little in advance for such instances. When you are stressed out with exams you don’t want to focus on other monetary things. 

Also read: 8 money saving hacks that you need right now

Spend less or ask for more? 

This is a truly $100 question – Should we ask for more pocket money or do I spend less? 

The answer is NO to both the questions. Instead, you focus on spending on the right things. 

For example, I you are a person who prefers group study sessions, you don’t need to have photocopies of all the notes or even purchase all the reference books. Instead, you can just share it with your friends this way each one of you save and study at the same time. 

Also, you can switch off the OTT subscriptions during the exam period, this will help in eliminating distractions and saving at the same time. 

Avoiding Debt 

The biggest trap for anyone short of money is personal debt that too when you are not earning. 

You think of it as a small udhari but you wouldn’t even notice while it piles up and suddenly the debt is worth your next month's pocket money and then again you have debt which is to be settled the following month. 

This way you never get out of it and are habitual to it, which may indirectly hamper your future. Therefore, beware of debts. 

Saving for the Future 

The most important stage of your money management cycle is saving for a rainy day. This way you will always have some amount in your emergency fund that can be used during crises. 

Once you are habituated to have an emergency fund, it will help you all your life. You would always have funds for medical emergencies, job loss, etc.  

Also read: Let's decode personal finances for Gen Z: The 50-30-20 rule


It’s crucial to manage studies and money during the exam, you cannot ignore either. Try to implement these tips and let us know if they work.  

Subscribe to our YouTube for many such tips and also don’t forget to follow us on Instagram, Twitter and Facebook.


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