Professor Lin Shares Budgeting Insights in WalletHub Feature

Dr. Betsy Lin, Professor in the department of Accounting and Finance, was featured in a WalletHub piece about Budget Categories. Lin shared her insights on how individuals can better organize their personal finances through effective budgeting. Drawing on her expertise in financial literacy and accounting, Professor Lin emphasized the importance of prioritizing essential categories such as housing, transportation, food, debt payments, and savings. She also highlighted commonly overlooked areas, including emergency fund contributions, irregular expenses, and pet costs, reminding readers that true financial planning must include the unexpected.

Professor Lin also cautioned against making budgeting overly complicated. “A good balance is having broad enough categories to stay organized but specific enough to understand where your money is going,” she noted. Her practical advice included adopting the 50/30/20 rule, automating savings and bill payments, and regularly reviewing expenses. Her contributions are part of Feliciano’s broader mission to prepare students and the community with the real-world financial tools they need to thrive.