How to Keep Your Wallet Happy Over Summer Break
Unreasonable purchases will kill any budget regardless of its size. Money is constantly leaving our wallets, we are accustomed to borrowing and constantly torment ourselves with the same question: “How to save money?” Saving money doesn’t mean that you will have a poor life, that you will limit yourself in everything, in order to only save a certain amount of money for the more necessary thing. It is completely another way. Saving money means learning how to correctly and reasonably distribute your budget in a way that even a little amount money will be enough for everything you need.
With the following tips, you will prepare yourself in a financial way for next year.
Find a job for the summer break
Working in the summer may sound like a complete non-fun-thing-to-do. However, to make the situation clearer, create a list of advantages and disadvantages. You will see that there are so many pros. And the biggest is you’ll expand your work experience, and, of course, earn some money. You will also be able to boost your resume and have more chances to get a successful future career. The UW-Stevens Point Student Involvement and Employment Office (SIEO) offers Quest. It is perfect resource, that shows the available non-work study jobs and work-study jobs.
Follow a budget
For those who don’t know how to budget, or even how to create one, check out GradReady. This is a free resource which offered by UW-Stevens Point’s Financial Aid Office and NorthStar Education Services. There is a three-path system, choose the best one for your today needs. To learn more about the budget, read the Money Management section.
The simple advice is to record ALL expenses! In a month you will be able to analyze the results. So now calculate how much money did you spend on unnecessary things?? Amazing, isn’t it?… Begin to save!
You can also read in details how to budget your money.
Never go shopping when you get your salary
Develop a habit of not buying anything on a day you get your salary! Why? It was proved by psychologists that as soon as a person gets a salary – they automatically get a blind spot, and it seems that at the moment they are very rich and can afford everything they want!
If you have a big desire to buy something and manic thoughts don’t leave you – wait until the morning! If in the morning you haven’t lost the desire to buy this thing – then buy it.
By keeping these three simple things in mind, you’ll be able to manage your money in a reasonable way.
