How Much Should You Borrow as a Student?

The higher you expect your future income to be, the more you can afford to borrow and spend to day. But not everybody is what we call a consumption smoother - some one who'll borrow and save so that they have a fairly consistent level of spending throughout their lifetime. There are a lot of people who live pay check to pay check. We call these people hand to mouth consumers. It may be that they have difficulties planning ahit or for some other reason, they tend to spend whatever income they have straightway.