When I was young, I didn’t think about it. Some days were shopping days with mom and I could buy one or two pieces of clothing here and there. If I went out once a week, it could easily amount to 4-8 clothes a month! But, as children, you don’t really think about it. All clothes were mostly discounted or were considered the best deals we could get, and we often went to thrift stores.
Nevertheless, when I became a university student and had to live on my own with a very limited budget, I realised that buying things other than food and other essentials were life-and-death situations. And since spending time out with my friend were more valuable to me, shopping for clothes became a luxury, an occasional wimp, an accessory to kill boredom.
After almost 3 years, I finally have a bit more freedom on my spending, since I’ve been saving up, but habits die hard; so here are 3 things I did to make full use of what I had in my closet, so that I didn’t feel the urge to buy more clothes:
Continue reading “How I Make Full Use of My Wardrobe to Save Money on Clothes”
Although the title specifies that the following methods to prevent overspending apply only to students, I actually believe that anyone can make use of the incoming advice. It’s just that it’s all coming from a student’s perspective, with a low allowance and who has only dealt with savings accounts her whole life. I’ve never even used a credit card although people my age or even younger already started to do so. Therefore, the advice might be limited… (and probably too extreme if you are earning a monthly full-time job salary) but it’s still worth a read 😉
And here we go:
1. Record your transactions.
The first thing that my father told me before he left me to be on my own in Malaysia was to note down my expenses thoroughly in a notebook. To sit down every night and put everything in ink. Then, review the total amount of money spent at the end of each week and compare it to the already set budget that my parents had advised me to keep.
I believe this is a great way to control keep track of what you spend on and how much you spend. I did do it… for a semester. Unfortunately it does require quite a lot of effort and often I would just forget.
Continue reading “6 Ways To NOT Overspend—As A Student”
*Nope, this post has not been sponsored by Monefy or anything (unfortunately? haha); this is just my personal opinion.*
For many university students, living on your own is the first big step to adulthood, which comes with being independent, learning to enjoy your sole company, taking into account mundane tasks such as doing the laundry… and managing your finances. And unless you have been well-educated about the subject, this can be quite a challenge especially with such a small allowance, which ends up mostly in rent, utilities and food. And sometimes, even that RM1 daily coffee can accumulate to a lot at the end of the month, which will make you wonder: “Where did my money go?”
If you have no choice but to learn the art of budgeting on your own, by trial and error, like me, the dexterity of dividing your allowance, however small, effectively, then I’d strongly recommend you to try out Monefy! 🙂 It’s a simple and colourful money-tracking app that I’ve been in love with and been using for the past few months.
There is a much better app in the US called Mint, which is a money-tracking app which connects to your bank accounts, but I’m unfortunately in Malaysia, so every night, I sit down on my bed, receipts of the day around me, manually keying the information of my expenses in the app.
Continue reading “‘Where Did My Money Go?’ How I Track My Finances With Monefy”
In a little more than a year, I will (hopefully) have my first full-time job. In a little more than a year, I will be earning my very first ‘adult’ paycheck. The realization hit me when I came back to Malaysia, after a long 3-month summer holiday in my native island, Mauritius. I was done with half of my degree, and unless I was given a full scholarship to pursue further studies after my Bachelor, I would be entering the workforce very soon. And believe me, time flies.
At that moment, I was also a very religious fan of The Financial Diet, first as a YouTube channel, produced by my favourite nerd vloggers, the Vlogbrothers, and soon discovered that they had an amazing blog, with articles to literally STALK for and with a beautiful design. As someone who has never been financially educated and who is just barely starting out living as an adult, the videos and articles were very enlightening and helpful.
Continue reading “Start Saving For Your Future Even Before You Graduate”
If you have been following my blog, you know that I will be taking part in exams soon. In fact I’ll finally begin – after all this time! a whole semester of gathering whatever we learnt from these 5 years we’ve been in secondary school – on Monday, i.e. tomorrow! I’m so nervous!!
In addition I will start with an important subject – important because I am thought to be very good at it and therefore I can’t fail to get good marks in it – which is French Literature.
The photo above shows my transparent pencil case – yes as it is an international British exam it’s very formal and they need to ensure that you don’t cheat – with my skull necklace that I tied to the zip to add some ‘comfort’ to such a plain case. On the right in the pencil case you can also notice my favourite eraser on which I pierced 3 dots because in TSCC (Terminator: The Sarah Connor Chronicles – my favourite series of all time) it’s very symbolic 🙂 The background is only my usual and favourite jacket “Psycho Girl” 😀
I will be in exam period for a month, my last papers will occur on the 15th November.
Hope I’ll come out of it alive! Wish me luck 😛