WHAT WERE YOU NOT EXPECTING TO HAVE TO BUDGET FOR BEFORE STARTING YOUR COURSE?
I guess it was mainly me cutting back on certain foods. I like shopping at Farmers market’s and shops like Wholefoods, but when I started my MBA I realised I had to cut back and have a budget for how much I spent on food. WHAT USEFUL BUDGETING ADVICE WOULD YOU GIVE TO STUDENTS?
I have been a student three times now, so I have learned some tips and tricks here and there. The simple and the most effective one is this: pay all necessary bills (rent, gas, electricity, internet, etc) first! If you have anything left, great! If not, that’s ok at least your living costs are covered. My second piece of advice is: never buy anything at the full price, always use your student card! My third piece of advice is: sell things you either no longer need or no longer use to make extra cash. ONCE YOU’VE BUDGETED FOR THE MONTHLY ESSENTIALS WHAT ARE YOU MOST LIKELY TO TREAT YOURSELF TO?
Now, I try to surround myself with as few things as possible, so instead of shoes or clothes I try to be with my family and friends more often, so it’s likely that I would treat myself to a plane ticket so I can travel to other countries and spend quality time with loved ones.