Make a budget before you move to make sure it’s realistic to sustain for at least 2-3 months.
Check out this budget template to outline your monthly expenses. Make a copy, do not write directly on this sheet.
Even if it’s not alot, put some money into your savings in case of an emergency.
Set up auto-pay so every bill gets paid on time (to avoid fees and improve credit score) and it becomes one less thing to worry about.
Remove your credit card info from “auto fill” and do not “save card information.”
The more convenient it is to buy something, the more likely you will. Add in the one extra step and make it harder to buy something.
This is help decrease some frivolous impulse buys.
When looking for an apartment, don’t use a broker.
The fees will not be worth it.
See if you qualify for student loan forgiveness.
Pack snacks and a water bottle if you’re heading out so you’re less likely to want to buy food later.
Unsubscribe from store promotional emails.
Even if there is a sale, you’re not actually saving any money because you’re spending on something you normally would not buy.
Get rid of the temptation.
They also clutter your email.
Think about the 50-30-20 rule.
50% of your income goes to “Needs” like rent, groceries, insurance, loans, and utilities.
30% goes to “Wants” like shopping, restaurants, bars, and hobbies.
20% goes to savings.
Don’t lie or trick yourself about your spending habits.
If you’re in a bad situation or in more credit card debt, do not IGNORE it. Figure out where you might need to cut back spending and make a plan ASAP.
Ask for help from a friend to figure out what to do.
Have cash on you.
Many local places are cash only, have a card minimum of $10, or charge a card transaction fee.
Start as early as possible for your retirement fund!!
It feels too far in advance to think about, but the extra time gives means more time for your money to grow.
Think about it, if you retire at 68, you could have around 15-20 years to pay for things without an income…how are you gonna do that?
Use this calculator to see what you should be doing
Map out a plan to pay back loans to minimize interest you’ll have to pay.
When you go shopping, especially for groceries, make a list before you go.
Share your spending habits and temptations with a close friend. Be more open to talk and think about finance.
Having open conversations about money is important so you can hold yourself accountable, learn new strategies, and find support if you need it.
You’ll be less likely to go down a dark path if you are transparent about your habits.
Feel uncomfortable? Talk in private with a close friend. You’d be surprised at different tactics people use.
Make coffee at home.
Turn off the lights, fans, and TV when you are not home.
Build eating out and going to bars into your budget.
It will be more manageable and will give you flexibility to do so without being too money conscious.
Remember rent costs aren't simply rent, factor everything else into your budget.
Factor in utilities, wifi, brokers fees, transportation fees, moving fees, tips.
Keep a money journal, write down all your purchases.
This is different from the credit card tracking. Physically writing it down will help you keep track of how much you’re actually spending
Surround yourself with friends who are also budget-conscious.
It’s important to have people around who share similar priorities and concerns so they won’t pressure you and can give you extra support.
Don’t buy new furniture, there are plenty of places that are selling free or used furniture.
Don’t buy a used mattress, but everything else should be fine and if you buy some bed-bug spray.
If grocery stores near you are expensive, try to find places along your commute home or near your office.
Find housing that is appropriate with you budget.
You won’t be living there forever, so don’t get bogged down if you can’t find “the perfect” apartment during your first year out of college.
Mint has been super helpful to make budgets and keep track of everything -
YOU NEED TO MAKE A BUDGET.
Even if you don’t follow it to a T, you need to be aware of how much you have and can spend
When you get a job offer, NEGOTIATE!!!!
Add as much as you can into your 401k - If a company matches, that is literal free money for the future.
Check out “101 Ways to save money in NYC”
Make specific money goals so it’s easier to save.
Have your eye on a new laptop or plane ticket?
Here’s 100 more tips to save money.