Penny wise, or so, for the lack of a better title
17 May 2018 |
Constrained to a limited student budget every month, it's important for students alike me to be penny wise. I have always been a big spender. Back in my pre-u days, clothes had been my main spending factor. When I entered degree, clothes were no longer my attraction in malls or online shops. Instead, food. How can anyone compensate on food for anything else? Especially when you're stuck in a campus surrounded with more finger-licking food outlets outside of the vicinity. One might think it's no big deal spending on a good meal every once in a while. Well again it's food, no one, not you nor me should cry over how much we spend on food. But we'll get to that in a bit. So apart from food, I had been spending on books and more recently, on art supplies. I don't want to get to the small details about why I had been splashing my money on these things just so I can justify my plain spendthrift self. Here's the thing lads and lasses; your bank account does not give a flying f__k about whether or not you have enough to feed your primitive stomach or your wild ideas about getting all artsy and productive out of the sudden.
So at the beginning of the month you can easily find yourself as this:
|I'mma protect my money from all ze temptations|
And then not very far down the road you realize you actually didn't know what you thought you knew:
Been there, done that.
Here's the real piece though; whenever you have an amount of cash with you, always make a mental note on it's breakdown - to the 10's, 5's and all the way down to the 1's. Imagine just how much value each of these smaller breakdowns could hold - feed your raging belly for maybe a week, take you the nearby mall to save you from hostel boredom, feed a needy cat, buy a gift for your mum, and all that is more humbler and pleasant. If you have a surplus, then go ahead and create a separate savings-only account. Save it in the safe for emergency, for a future date, for some fun after the semester ends.
For someone like me who had tried but failed so many times, I can say that this way had proven to have had some effect on me. Not even an extra savings account or an expenses tracker could do the trick.
That's all from me for now folks. Remember, break it down. Rule of the thumb 👍🏻