Whilst an outsider thinks the life of a student is the most easy lifestyle there is, theres a student right now, sat eating their last tin of beans.
I’m not necessarily saying that us students have it tough but to be skint for the majority of the time isn’t something anyone wants. I get the lowest amount of money you can get when it comes to student loans, meaning I have very little money to live off over 3 months until I get another payment.
If any student says that they don’t spend the majority of their loan on clothes, going out and random shit is a liar. My day to day schedule has me attending university everyday for 1 or 2 hours except fridays, what do I do with all my spare time? or should I be asking what should I spend my money on with my spare time?
I’ve had 2 loans now and as soon as that money went into my bank I straight up got on my laptop and online shopped, this time I have bookmarked clothing websites with the things I find that I NEED but lets be honest, I don’t really NEED them, it just seems right to treat myself to one or two things with my money right?
I’ve made up some steps to help myself and possibly you, if you’re reading this and you’re a student also, or if you just want to save your money and manage it better.
1. Tell yourself that you spend too much money at once
Examples of this would be – do you lend money off your family or friends? think about why you spend money, why you NEED these things. Tell yourself – I am a shopaholic, if you watch confessions of a shopaholic (the film) and consider yourself just like Becca then we have a serious problem.
2. Make a goal for yourself
Work out how much money you need to spend on food to live off and then any expenses that you need to take care of, if theres any money left after that, treat yourself. Why not work out how much money you can spend in a week with your loan? and try not to spend over that limit each week.
3. Put half of the money into another bank account or into a trusted person’s
With this you’re less likely to spend the money that will do for later on after getting your loan or pay check, rather than spending all of your money in the first month and then regretting not keeping money aside till you next get paid.
4. Spend money on stuff you NEED
It would be silly to assume that people don’t ever need clothes, I’d buy a piece of clothing everyday if I could. Although, don’t buy clothes because you’re feeling bored, or you’re on a casual walk to get some washing up liquid for your Mum and then happen to come back with a dress from Topshop, no means no! You can do it. When I say stuff you NEED, I mean if a bag has been ruined or your shoes have holes in them and I’m not talking the tiniest little thing, cheaters.
5. Make a list of what expenses you need to pay off and what you’ve spent
This will help in the organisation of your money so you aren’t buying things you don’t need without realising. Usually we buy something and then think about how it will affect our bank account a moment after purchasing it and then its out of our mind, writing it down will unmask your shopping addiction!
6. Don’t take your bank card with you for ‘little trips out’
This way you wont be tempted by that ‘cute black dress’ in that store over the road. Yes it will hurt and I mean HURT, but you’ll feel better about it after. Of course the pulse of your bank card in your bag when you’re surrounded by your favourite shops is indescribable but theres a 50% chance that you wont even like that dress in a months time.
7. Going out on the town – limit yourself
If you’re going out and you know that if you take your bank card you’ll go crazy and start taking more money out than you actually need. Be organised, get £20-£40 out, however much it costs for taxi’s, drinks etc where you live and leave the bank card at home. You’ll find it easier once you work out how much the taxi will be and how much drinks will be, then thats your amount set.
Most of all – stay in control. Its hard and it feels awful but is it more awful than not having any money at all a few weeks later to go for a meal or a cinema trip because you’ve spent most of your money on clothes? And of course I’m speaking from point of view because I know that I need to take all of this advice and so do a lot of students. We can do this! Screw you clothes, joking – I love you.