For most of us who move out of our parent’s house, the moving out experience is really exciting. You start by imagining all the naughty things you will do and not get caught because your parents are a few hours driveaway. We easily open to the fact, that we are now adults and can do whatever we want to do. Reality however begins to check in when you have spent all your finances on binge drinking and other irresponsible activities. Today, I will school you on how to make sure you remain liquid for the better part of the school year.
Look For a Roommate
The first option would be to look for a roommate. This will ensure that you save on costs such as paying the rent, buying household utilities and paying more bills. Get a roommate who you can easily agree on specified terms so that you both don’t infringe on each other’s spaces. It would be better to begin searching for one within your circle of friends so that you don’t invite a stranger to live with you, for obvious security purposes.
Cut Down On Spending
If the initial suggestion doesn’t sit well with you or is hard to fulfil, the next option would be to cut down on unnecessary spending. You don’t really have to go out every day or rather every week, unless it’s on a friend’s tab. But you should decide on when to drink and not let your friends dictate your choices. The reason you left your parents house to live alone is because they trusted you enough to be responsible in making decisions. Therefore, reduce the number of parties you go to, making it occasional rather than frequently.
Shopping In Bulk
Buying home utilities and the general shopping should be in bulk. This mainly means that you stock up the necessities by buying at wholesale price, which come at a cheaper price and thus save you a great deal. Another advantage of shopping in bulk is that you don’t have to think about shopping until some time has passed. This, therefore, saves your money and time and puts you at ease to concentrate on your studies.
Be a Couponer
Another tip on saving money is gathering coupons in various media outlets such as magazines and newspapers. These coupons were designed for the purpose of rewarding loyal customers. The coupons enable you to purchase goods at prices half the retail price and therefore you save a lot of money in the long run.
Take Part in Sales
A useful tip to add on to the rest would be to encourage you taking part in sales. Be they a garage sale or end of month sales at retail stores, one can maximise on saving money because the cost of prices is usually lowered considerably. These sales usually have antique goods that could even be considered as priceless.
I hope these tips have successfully convinced you that saving money entails being responsible in how you handle your money. I, therefore, encourage you to take up the challenge of joining the saving culture.