1. Know what money you have from the start
If you know what you have, you know what you can spend. I saw loads of charts and things saying how much will you spend on food and things and I had no idea. First things first have a plan for each semester and take your rent out before you plan ANYTHING, that way you have somewhere to live…that always helps.
2. Make a budget
This is vital. From the money you have divide it into either a monthly or weekly budget. It’s still the same key thing, knowing what you have to work with. I had two bank accounts and transferred my budget each week, that way I couldn’t overspend without making a transfer and thinking about it. Anything I didn’t spend that week went into a savings account.
3. Stick to it!
It will make your life so much easier, but if you have to go slightly over that’s ok. It helps if you have some emergency money stashed…it’s up to you if beer means emergency or not.
4. Make sure you have food above all else
This is vital. After rent, food is a must! I know some people who lived on stupid food just so they had enough for 3 nights out a week…I wouldn’t advise it!
5. Treat yourself every now and again!
I hate horrible visions of having no money and living on plain rice and being miserable but you can treat yourself! You are allowed! You’re a human being after all!