Daniel Is a College Junior Living Off Campus with Roommates

Daniel is a college junior living off campus with roommates who split all of their bills evenly.Beyond grants and loans, he is involved in the work-study program at school to help pay for his tuition.Each summer he works for his uncle to earn money to help pay for his living expenses at school.He lives close to campus and rides his bike to school.Although he has plenty in his savings account to cover his books and living expenses, he has no extra spending money.He has considered getting another job, but he feels this will affect his studies.He has been thinking about using his credit card to pay for some of the extras like taking trips with friends, or paying for party supplies when his turn arises.Which course of action will put Daniel on the right path financially?

A) Daniel should project his future leisure expenses and give himself a cap of how much money he will spend on the credit card based on his ability to work extra hours next summer to pay off the debt he accrues throughout the year.
B) Daniel should persuade his roommates to change their behavior in order to save money on their bills, as this would put extra money in all of their pockets.
C) Daniel should either get a job to cover his extra expenses, or not incur the expenses.
D) Daniel should apply the ABC Method of Self Management in reaching financial goals.