Im a college kid who is not very good at saving money... I tend to not be able to control urges to buy things usually being food or maybe a book. How do I control that urge to buy something?
2007-01-29 11:28:13 · 6 answers · asked by Samiam 4 in Business & Finance ➔ Personal Finance
Change the way you THINK.... Every time you want to buy something, ask yourself if it needed or simply wanted. ONLY buy the NEEDS.
Instead of buying those things you usually do, why not buy things that will make you more money. Start investing and working on making your financial future brighter. If you MUST spend then BUY stock or a mutual fund.
At your age you should have thousands already invested for retirement... better get going !!!
: )
Happy Monday !
2007-01-29 11:49:27 · answer #1 · answered by Kitty 6 · 0⤊ 0⤋
Wow , food and books . . . that is pretty extreme for a college person !
Joking aside, college is a hard time because school takes lots of work and most students have little income (less than it takes to survive and pay for school)
Actually saving can wait until you get a job, for now just look at your budget and if you can make your $$ last for the whole month, you are doing good.
The grocery store will be a better deal for food than the fast food places or restaurants and remember, the library does have books too that are FREE !
But food and books are pretty basic so don't torture yourself too much now . . . focus on your studies.
2007-01-29 11:51:43 · answer #2 · answered by kate 7 · 0⤊ 0⤋
Move the money to savings before doing anything. Also if you have a limited budget its good to deal in cash. Its easier to see how much you've spent and I think there is some psychological resistance to spending actual cash rather than just swiping your card.
2007-01-29 11:44:46 · answer #3 · answered by zchamilton 1 · 0⤊ 0⤋
do you have a job and a savings account? if so everytime you get paid put 40 dollars in your savings account and Leave it there, dont touch it. you can put the rest in your checking account and it will look like you have a lot of money to spend. and when you're out of money you still have the 40 to fall back on. if you end up spending both accounts, go to see a psychiatrist! jk =)
2007-01-29 11:37:45 · answer #4 · answered by (channey) 2 · 0⤊ 0⤋
Put the money away FIRST---they say pay YOURSELF first.
Then, you can spend with what's left over.
2007-01-29 11:32:50 · answer #5 · answered by poutine 4 · 0⤊ 0⤋
Do some part time job, earn money
http://www.electronics-circuits.info
2007-01-29 13:39:51 · answer #6 · answered by san j 1 · 0⤊ 0⤋