How not to be always ‘broke’

This is written for broke college students. By broke, I mean 2.50 in your bank account kind of broke. That’s how bad it gets. One uber ride here ’cause you’re late and another expensive 10 bucks meal there and before you know it, you’re utterly down to your last dollar.

This cycle repeats every month until you get paid perhaps if you’re working part time or like a few hours a week which I’m sure is what a lot of us do. Wherever the money comes from, it doesn’t matter. What matters is that it’s kinda gone before we know it. Social media is filled with advertisements and we fall for it. It doesn’t help that Google or the bots that run the internet track what we see and later you see that Zalora dress turn up as an ad on your Facebook sidebar. It sucks.

Anyway so this is how I saved money because well, I needed to plan for an event and more importantly, I was really sick of being broke

  1. Firstly, make your own food. And if you can’t cook then get what you like to eat that’s really easily prepared. Well,  it depends on what you like to eat. You could boil potatoes, celery and chicken overnight in a slow cooker for stew which costs about $5 for everything. I’m good with oats. I grabbed a 1kg bag of rolled oats and another bag of oatmeal and dunked them both in a box, mixed them. I soaked a portion overnight every night and ate it with milk and whatever fruits I could find in the fridge. That and coffee, made breakfast. It lasted me till at least 1 to 2pm. Then I got a meal at school, about 4 bucks maximum. And then the next meal was dinner which I forced myself to go home for. So I spend 4 bucks a day on food outside. That’s a change from spending 10 bucks a day. That’s 6 dollars difference, in a week, that’s 42 bucks.

    (Other ideas include: boiled eggs (my friend says you can chill them overnight), macaroni and minced chicken with veg and fishball, put chicken stock for the soup, pasta salad, fried rice – where you empty the contents of your fridge’s leftovers into the frying pan, sandwiches – all sorts of them).

  1. I started going home earlier. Going home late means sleeping later and waking later. University for me doesn’t start till 10, so of course I don’t get up at 6. I didn’t have to at least. But I realised as above mentioned, that I saved cost on one meal by having dinner at home. That meant I was home by 8pm. After dinner, was work until about 11.30 and I went to bed earlier, and consequently woke up at 7 instead of the usual 8.30. That’s a whole hour and a half more to chill, make breakfast, shower, prep to go to school, check emails, roll around a bit more in bed if needed etc. That’s an hour an a half of money. Look, if you wake up quick and rush, you lose the chance to have breakfast and then you’re starving but you have to go to class so you dash out to class, grab something small along the way which doesn’t exactly fill you but it’s meant to last till lunch – waffles and a drink that’s about 2.50, repeat this 4 times and week and that’s 10 bucks extra. You saved 10 bucks a week by having breakfast at home. It’s a lifestyle thing.
  1. I stopped spending on small stuff. It looks small, it’s less than 10 bucks. But buy 10 $8 items and that’s $80 bucks, repeat that for 4 months and that’s $320 that could have been saved. I stopped buying small stuff I didn’t need and only got them cause they looked cute. That habit was bad and it was one of the biggest reasons I kept blowing money everywhere unnecessarily..
  2. Stop going to bazaars if you know you’re gonna spend. Don’t go. Don’t browse cause you’re sure to grab stuff. Unless your self control is amazing. Mine’s definitely not. Stay off Carousell, Zalora, Asos, Aliexpress, Ebay, Amazon and Taobao/Ezbuy…
  3. If transport is a big issue in spending try getting concession passes. It’s 85 for uni students for a month of unlimited tapping (bus and train). Applying for a concession cards costs $23 and can be done at selected Transitlink offices!
  1. Have a coin box. It’s so primary school but it’s not a bad idea. Dump your coins in at the end of the day. It clears your wallet and makes your future self few dollars richer. Any savings program can’t be a bad thing. If you have many two dollar notes, put one inside. You’ll thank yourself later. I did that for a year. I got 100 bucks out of it.

 

That’s about all. Start small. It actually feels really nice seeing more money in your bank as you go along.

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