Allocating Club Funds: Where to Invest Your Budget
A well-balanced budget ensures maximum impact for your club members. Below is a typical breakdown of where study clubs allocate funds:
- Event Expenses (40-50%) – Venue, catering, A/V, event materials
- Speaker & Education Costs (20-30%) – SSC Vault programs, speaker honorariums, travel
- Marketing & Promotions (10-15%) – Social media ads, flyers, website updates
- Technology & Administration (5-10%) – Club Connect, software, office supplies
- Miscellaneous & Contingency (5%) – Emergency expenses or new opportunities
Pro Tip: Prioritize educational investments by leveraging SSC Vault to reduce speaker costs!