Tuesday, September 8, 2015

Living on a budget

With a new stage of life comes this fun new thing called budgeting.. Oh how I love it (NOT). Those of you living on the college budget totally understand what I'm saying. It's what is necessary to get by. My life is so good compared to those who are forced to work through college because they have no other way to get through school. If that's you reading this, I have such great respect for you. I'm so blessed to have my parents paying for my schooling. If you're in the same boat as me, thank whoever is providing the funds for you to go to school. I'm so privileged. I truly am.

Today I wanted to give some suggestions on how to use your money wisely in college and make the most bang for your buck.

Tip #1.
At the beginning of the month look at what you have to work with and organize from there. Don't budget as you go. It won't end well, unfortunately.

Tip #2.
Limit yourself to eating on campus as much as possible. It sucks away your money like a vacuum! Try to only eat so many times on campus, I told myself no more than $30 a week.. that averages to around 3.5 POSSIBLY 4 meals.

Tip #3.
Grocery shopping for one goes a long way! Utilize the grocery store if you have a vehicle or a friend who can take you! I went to H-E-B last night and spent $27 on food that will last me for probably a week and a half. I got lots of fresh fruit, veggies, and potatoes. Cook those up and use the extra as leftovers.

Tip #4.
COUPONS. Try to get as many coupons as possible. Online, apps, magazines. They will be your new best friend. My app recommendation is The Krazy Coupon Lady.

Tip #5.
Have a budget book where you can keep a tally of how much you are spending. Also keep all your receipts, it can help you calculate exactly what you were doing with your money.

Tip #6.
Rather then spend the smallest amount of money on a particular item, spend the little extra so the item will last you longer. For instance, buying a new razor averages to $8. Replacement heads (pack of 4) are anywhere from $16-$20. If every time your razor is dull and you go buy a new razor, then in two new razor purchases you could have bought a pack of 4 heads to last you 6 months, or how ever long your blade lasts you. Make sense? Those kind of purchases here and there will make a difference in the long run.

Tip #7.
Brand name products are USUALLY no different then the store brand you are shopping at. You can cut back on probably $5-$6 every time you shop if you avoid the name brand products and just go with generic.

Tip #8.
If you are working and can, TRY to save 1/4-1/2 of every paycheck you receive. This is a really good habit to get into and can really benefit you in the long run.

Tip #9.
Try to cut back on mani/pedis (yes you heard that from me). Those suck away your money like crazy. Limit yourself to going once a month or every other month. Or invest in an at home gel manicure kit.

Tip #10.
Try in the midst of being money smart to enjoy yourself and don't be so uptight about your money it will take the fun out of everything you do. Just be SMART.

Happy Budgeting, friends!! I hope this inspires every one of you!

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