When I first moved out of my parents house I was so unbelievably broke I only spent £11 a week on ready meals, 49p on cordial (the drink you mix with water), I couldn’t pay half [any] of my bills (sometimes including gas and electric) and I did not buy anything extra for myself.
I could have easily asked my parents for money but I wanted to do things myself. So after those long 4 months of suffering with no money, not even student finance (SFE) and a 4hr a week contracted job that paid next to nothing, I promised myself I’d be more careful with money.
I’ll plan ahead. I’ll set a proper budget and I’ll start to plan where my money for the month is going to go. Which I did and haven’t stopped doing.
When I got my SFE, I paid for all of my bills 4 months in advance, just in time for my next SFE payment, and I became careful with where my money went.
A bit too careful.
I didn’t treat myself to anything I wanted. It was all “when I get enough money” but I have ‘enough’ money, with more than just a little extra but I got into the mindset of hoarding my money.
Look, I’m not saying that saving or being careful with money is a bad thing. It’s actually very rational, but not only do you spend wisely you also need to treat yourself in the process. Buy something that makes you feel good about yourself not just your situation.
By that I mean, paying for your bills on time and not having to worry about them until the next payment, makes you feel good about your situation.
Buying a nice dress, or watch, makes you feel good about yourself.
It’s part of self care in my eyes because you’re giving yourself something you want, even if it’s temporary happiness.
Hmm.. maybe it’s not temporary happiness, if those things are going to last for a long time.
For example, I bought a really expensive coat.
- Because I needed a good, warm coat for the winter
- It looked really good. A reversible coat!
I thought killing two birds with one stone. Anyway every time I open my shoes and coat cupboard it makes me a little bit happier to see it because I think “yeah I bought that. And when I wanna go somewhere fancy I can just turn it into a fur coat. Yup this was worth it”.
So here are the lessons for you. Because I’ve already learnt mine. ***Students.
***Use your SFE to pay off all of the bills until you next payment. This way you can enjoy your money without worrying about the bill for the next 3-4 months. PLUS it helps in summer if you’re staying in the same place.
Don’t hoard all your money. It’s technically not even yours anyway. And it’s not the governments either. What I’m saying is when you die you’re not taking it with you so why hoard? Enjoy your money. Enjoy your life. You don’t know what day if going to be your last.
Set a monthly budget. Get a book that’ll help you calculate your bills or make your own. Write all the things you need to pay, even the subscriptions, and calculate how much you’ll have left for yourself.
Don’t enjoy recklessly. If you know you don’t have this money you want tot spend, don’t do it! You’ll spend it and instead of happiness you’ll feel regret because not it’s like “if you didn’t buy this I could have paid for that”. Saves you from feeling like crap until your next payment.
Find money goes quicker when it’s in your account? Take the money out and use cash only! This works better because you can actually physically see your money disappearing whereas with a card you just tap it and pray to God it doesn’t get declined when you feel like you’ve used a lot of money. Take out a lump-some and only take £20 or so out with you. It’ll last.
Don’t let money get you down. Like I just mentioned, money can make us feel two emotions. Happiness. Depressed. Don’t let it get you depressed. Stay on top of the things you need to pay for. If you can avoid it don’t borrow too much money that, in the moment, you don’t know how to pay back.
Self-love!! Buy something that makes you happy once a month. A new dress. Get your nails did. Buy yourself a new wig. Even get a massage, we all need one of those at least once a month. But don’t overspend.
In the mist of treating yo’ self. Don’t forget to save. Set aside an amount you know you can give monthly to your savings.
It doesn’t need to be for anything in particular, just save.
You don’t know when you’re going to need that emergency money.
In 2019. I want to save more but still have enough to buy a few things for myself here and there.
I believe it’s possible to be a semi hoarder of your money but still indulge yourself in a few things that you want once in a while, when reasonable.
You’ll all find your own balance of spending wisely, saving and enjoying your money. I have.
And that’s all she wrote, kids.
F A R I E L L E. N