It Pays to Save
Money can be hard to come by when you’re still in school, and it seems like nowadays things are getting more and more expensive. It’s easy to burn through money quickly when you’re not thinking about it, and it can leave you out of luck when it comes time for a big purchase. Here are a few good money saving tips that will put you in a better spot when you decide you want to something a little more expensive like a phone, computer or vacation.
- Point of view – One of the biggest things is to remember is that when you save, it’s going to benefit YOU! Don’t think of it as missing out on something that is here and now, think of it as an investment in your future self – for when something really important comes along.
- Set good habits – This is a great time to start setting good money habits that can set the tone for the rest of your life. If you don’t have an account with a credit union yet, there’s no time like the present. Keep your money safe, and earn some interest in the process.
- Pay yourself first – If you have a job, get an allowance or get money from things like holiday or birthday cards, take a portion of that money and put it away before anything else. Still have some fun and don’t feel bad spending a few bucks here and there, but if you set some aside first, you’ll never miss it.
- Research – If you’ve been saving up for a while and you finally found something great and you’re ready to spend, take some time to do a little research. That’s the beauty of the internet – you can look up reviews on products, and find which stores have the best prices available.
Just remember, it’s all for you. The money that you save now is for your own benefit down the road. When the time comes and you really need it, you’ll thank yourself!