Happy New Year! This is a scheduled post because I plan to spend the fist day of the year sleeping. I thought i'd kick the new year off with a 'wordy' post!
Being a student I’m used to not having much money but being an MA student (MA students are not entitled to a student loan but are still classed as being in full time education) has really made me evaluate my spending. Like most people with shopaholic tendencies, going without the occasional shopping trip is almost unbearable so I thought I’d share with you how I save and how I spend.
Savings – Making it possible. Every day I chuck my change into a jar then every few weeks I chuck as much money as I can afford in to a savings account then every few months I can go on a shopping trip or I can afford to splash out on an item I’ve had my eye on.
Economise – playing the waiting game. Poundland is amazing, so are local markets, own brands and charity shops. Try and use up things you already have before buying new stuff, this sound so obvious but I used to forget about how much I had and buy new products when I had a perfectly good version at home. Other habits I’ve formed include never paying full price for a haircut or a beauty treatment, I never eat out without a decent reason or a 2for1 offer. I walk everywhere possible because I begrudge paying expensive bus fare and I don’t leave home without a packed lunch and a bottle of water so I’m not paying for convenience food.
Prioritise – choosing your vice. I soon realised (in the first week of university) that if I want to be able to go shopping I have to make cut backs. I love magazines so I have subscriptions that save me money; I pay £12 a year for Cosmo and the same for Glamour. Subscription deals change all the time so you just have to keep your eyes peeled for a good offer. Obviously shopping is top of my priorities so sacrifices have to be made. I hardly ever go out. Empty calories, lack of sleep a hangover and wasted money – no thanks. I know this makes me sound boring but it’s my choice I love a night in with friends and the odd night out is great but once upon a time I used to go out a lot and thinking of the money I wasted still makes my stomach turn.
Treats – getting my fix. If you want something and you can afford it, even if you can only just afford it, I firmly believe it’s good to treat yourself! Withholding will just make you an angry bitter person – or maybe that’s just me!
What do you do the make your money last?
What do you treat your self with?