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, make sure you’re putting in some money into your savings in case of an emergency.
Rent costs aren't simply rent, factor everything else into your budget.
Factor in utilities, wifi, brokers fees, transportation fees, moving fees, tips.
Set up auto-pay for student loans to avoid late fees.
When looking for an apartment, don’t use a broker.
The fees will not be worth it.
Make specific money goals so it’s easier to save.
Have your eye on a new laptop or plane ticket?
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.
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.
Have cash on you.
Many local places are cash only, have a card minimum of $10, or charge a card transaction fee.
Map out a plan to pay back loans to minimize interest you’ll have to pay.
Use the grace period to research repayment options for your student loans.
Make coffee at home.
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.
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.
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”