If you\u2019re like me, college was the first time I really had to think about budgeting my own money. I suddenly started thinking things like \u201cDo I really need that Chipotle?\u201d and \u201cI don\u2019t need those shoes right now.\u201d I was so use to having my mom hand me a $10 bill before walking out the door for Chipotle or always going shoe shopping with her that I never thought about what would happen when I had to do those things without her.Suddenly, I was thrown into the world of real adulthood and had to pay for the things I took for granted on my own. My mom still sends me money here and there, but I always feel bad asking for it. So, as soon as I got to campus freshman year, I applied for my first job. Later in the year, I applied for a second. I LOVED the feeling of earning money, having money and spending money that was all my own.<\/p>\n
I worked hard all of freshman year and saved up as much as I could to last me through this past summer. I knew I would be participating in an unpaid internship, as well as performing in a musical, so I wouldn\u2019t have any time to get a job. Whatever I saved up during the school year was it for the summer (with a little help from my mom). However, I thought I had saved so much money that I possibly couldn\u2019t spend it three months. I was wrong.<\/p>\n
I loved the feeling of spending my own money so much that I bought a few too many Broadway show tickets and went out to eat a little too much. By the end of the summer, I had about $30 to my name. It was one of the most terrifying and disappointing realizations for me. Terrifying, because I had to last two weeks into being in Boston before I would start getting paid once again and disappointing, because I couldn\u2019t believe I put myself in a situation like that.<\/p>\n
Right then, I vowed I would never do that to myself, and my bank account, again. So, I started to do the following:<\/p>\n
1. I created a self-imposed minimum that I will never let my account go below, so I would always have money in case of emergency- or if I just really need that Chipotle.<\/p>\n
2. I really thought about my purchases and how they would pay off in the long run.<\/p>\n
Will I hate myself for eating Chipolte later?<\/i><\/p>\n
3. I planned out purchases in advance.<\/p>\n
Okay, I get paid on Friday<\/span><\/span>. So that means if I really want to get Chipotle this week, I can just wait til after Friday<\/span><\/span> when I have some more wiggle room in my account. <\/i><\/p>\n Unfortunately, I had to learn my money management lesson the hard way. I feel as though college is the perfect time to learn about money management, and I\u2019m glad I learned when I did. So be smart and be aware of how much you are spending. You\u2019ll be happy in the long run.<\/p>\n","protected":false},"excerpt":{"rendered":" If you\u2019re like me, college was the first time I really had to think about budgeting my own money. I suddenly started thinking things like \u201cDo I really need that Chipotle?\u201d and \u201cI don\u2019t need those shoes right now.\u201d I was so use to having my mom hand me a $10 bill before walking out … Continue reading Christy: Money Management<\/span><\/a><\/p>\n","protected":false},"author":2018,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[44411],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs.bu.edu\/comblog\/wp-json\/wp\/v2\/posts\/1862"}],"collection":[{"href":"https:\/\/blogs.bu.edu\/comblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bu.edu\/comblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bu.edu\/comblog\/wp-json\/wp\/v2\/users\/2018"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bu.edu\/comblog\/wp-json\/wp\/v2\/comments?post=1862"}],"version-history":[{"count":4,"href":"https:\/\/blogs.bu.edu\/comblog\/wp-json\/wp\/v2\/posts\/1862\/revisions"}],"predecessor-version":[{"id":1930,"href":"https:\/\/blogs.bu.edu\/comblog\/wp-json\/wp\/v2\/posts\/1862\/revisions\/1930"}],"wp:attachment":[{"href":"https:\/\/blogs.bu.edu\/comblog\/wp-json\/wp\/v2\/media?parent=1862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bu.edu\/comblog\/wp-json\/wp\/v2\/categories?post=1862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bu.edu\/comblog\/wp-json\/wp\/v2\/tags?post=1862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}