So you're a College Student too huh? (very nice)
We all know that being a college student is funnnnn!!! yet requires a lot of hard work, patience and passion, but you know what's more exciting? being able to be independent and do more adulting stuff like taking care of your own requirements (NBI Clearance, savings and etc.). So today Im going to share to you one of the most important part of being a college student : HOW TO SAVE M O N E Y
(Saving money is vital yah kno) I've got some important rules and regulation especially to those students who really need to achieve or maintain this saving habit. This is based on my real saving habit e v e r y school day and I just didn't made this up heh (this method works for real homie)
it is very simple and realistic method.
RULE NO.1 Only Buy What You Need
Yes, you've read that right. I KNOW IT'S HARD especially if you are an avid fun of latest gadget or Make Up goodie! and other cute stuff in Miniso Japan (I'm a big fan). but in this case we should avoid at all cost (no pun intended) to spent money on this things that we don't really need. These items may ended up somewhere in your room and never be seen again *sigh* and most importantly spent money on healthy food T H I S A M U S T to all of us, no to food cart on the street no matter how delicious their calamares are, remember guys health is wealth.
RULE NO.2 Avoid Haul Shopping
Here in the Philippines, there are markets that sell items for a cheap price and as a Filipino we like cheap stuff right?(unless you plan to start a business well automatically that's an exception) any friendly-budget price or buy 1 take 1 item is not really that budget friendly at all, these method just persuade us in buying more that results to going home with an empty wallet. (sad reacts only)
RULE NO.3 Only Have One New Pair of Clothing per Month
Just like how CEO of big companies do. just a plain shirt, a pair of pants and a shoes that you are comfortable wearing and you're on the go. I've got a question here : what do you prefer ? to look rich or to be rich (let that sink in)
" In order to be rich like a CEO, one must act that you are".
All right now that we have the simplest rules, it's time to do the math.
How Much Should I Save?
First grab a pen and paper or calculator, don't worry this is basic math, this is the time that we actually apply it in real time (I suck at math). Also, be specific to the amount of money you want to save.
For example you want to save Php 1000 :
33 or 34 Day/s = Php 1000 / Amount to save (Php 30)
Another Tip is to mark your calendar :
I use my mobile calendar
Expense for the whole day = Allowance for the Day - Fixed Amount that you will save
ex. Php 70 = Php 100 - Php 30
Take note : when we say "fixed" you're not going to spend that money nor save less than that amount
Expense Map
This is a guide in order to budget our spending for the day
Php 100 - Allowance Per day
Php 39 - 44 Transportation Price
Note: I recommend that you calculate your transportation fee and canvas on which vehicle that can save you more money
ex. If I take a bus going to my university it cost Php 10
if I take a jeep it will cost Php 14
pick the least amount so you can save more
Php 30 - Save
Php 20 - Food
Note:I recommend you to pack your own food since buying in university cafeteria cost more.
Once you know your Expense Map, you can easily be aware of what you're going to spend for the day at the same time you have save money!
You just didn't learn how to save but at the same time you learn how to budget your daily expense!
(kill to birds with one stone heh) Now give yo self a big clap homie, you have earned +1 point in adulting, Keep this habit and your road to becoming a millionaire can be reach in no time!
We all know that being a college student is funnnnn!!! yet requires a lot of hard work, patience and passion, but you know what's more exciting? being able to be independent and do more adulting stuff like taking care of your own requirements (NBI Clearance, savings and etc.). So today Im going to share to you one of the most important part of being a college student : HOW TO SAVE M O N E Y
(Saving money is vital yah kno) I've got some important rules and regulation especially to those students who really need to achieve or maintain this saving habit. This is based on my real saving habit e v e r y school day and I just didn't made this up heh (this method works for real homie)
it is very simple and realistic method.
RULE NO.1 Only Buy What You Need
Yes, you've read that right. I KNOW IT'S HARD especially if you are an avid fun of latest gadget or Make Up goodie! and other cute stuff in Miniso Japan (I'm a big fan). but in this case we should avoid at all cost (no pun intended) to spent money on this things that we don't really need. These items may ended up somewhere in your room and never be seen again *sigh* and most importantly spent money on healthy food T H I S A M U S T to all of us, no to food cart on the street no matter how delicious their calamares are, remember guys health is wealth.
RULE NO.2 Avoid Haul Shopping
Here in the Philippines, there are markets that sell items for a cheap price and as a Filipino we like cheap stuff right?(unless you plan to start a business well automatically that's an exception) any friendly-budget price or buy 1 take 1 item is not really that budget friendly at all, these method just persuade us in buying more that results to going home with an empty wallet. (sad reacts only)
RULE NO.3 Only Have One New Pair of Clothing per Month
Just like how CEO of big companies do. just a plain shirt, a pair of pants and a shoes that you are comfortable wearing and you're on the go. I've got a question here : what do you prefer ? to look rich or to be rich (let that sink in)
" In order to be rich like a CEO, one must act that you are".
All right now that we have the simplest rules, it's time to do the math.
How Much Should I Save?
First grab a pen and paper or calculator, don't worry this is basic math, this is the time that we actually apply it in real time (I suck at math). Also, be specific to the amount of money you want to save.
For example you want to save Php 1000 :
33 or 34 Day/s = Php 1000 / Amount to save (Php 30)
Another Tip is to mark your calendar :
I use my mobile calendar
- Savings Formula
Expense for the whole day = Allowance for the Day - Fixed Amount that you will save
ex. Php 70 = Php 100 - Php 30
Take note : when we say "fixed" you're not going to spend that money nor save less than that amount
Expense Map
This is a guide in order to budget our spending for the day
Php 100 - Allowance Per day
Php 39 - 44 Transportation Price
Note: I recommend that you calculate your transportation fee and canvas on which vehicle that can save you more money
ex. If I take a bus going to my university it cost Php 10
if I take a jeep it will cost Php 14
pick the least amount so you can save more
Php 30 - Save
Php 20 - Food
Note:I recommend you to pack your own food since buying in university cafeteria cost more.
Once you know your Expense Map, you can easily be aware of what you're going to spend for the day at the same time you have save money!
You just didn't learn how to save but at the same time you learn how to budget your daily expense!
(kill to birds with one stone heh) Now give yo self a big clap homie, you have earned +1 point in adulting, Keep this habit and your road to becoming a millionaire can be reach in no time!