Student Loans: Don’t Let Them Ruin You

So it’s no secret that I’ve financially screwed myself over in the last few years. I’m sitting here watching people all around me pay off their debts, or even graduate with hardly any debt at all, while I feel like I’m sitting in the corner with a huge dunce cap covered in dollar signs.

What infuriates me, though, is when these same people talk to me about how they did that. So many of them were there with me when I was screwing myself royally, and not a single one offered any useful advice! Now they’re all like, “Well I mean I OBVIOUSLY paid the interest off every semester. Doesn’t everyone?”

No! We don’t! Because we didn’t know that was a thing that we should be doing! Those of us who are in the financial sinking ship I’m trapped in had no idea how bad things would be. I mean, I knew the basics about spending and saving and such. I read The Wealthy Barber in college, and got my obligatory copy of The Debt Free Graduate at orientation. I had the knowledge. I just had no clue how bad things could get after school was done.

Like so many others, I had the “I’ll have a degree and that will get me a job” fallacy stuck in my head. I thought that once I was working, I’d make enough money to get a dinky little apartment and start paying off my loans pretty quickly. I didn’t think that I’d be making $100K right out of the gate or anything, but I at least thought that I’d have a full-time job in something related to my degree that paid me enough to live AND treat myself sometimes AND pay off my debts.

**queue laughter**

I know, I know: I was so naive!! Looking back, I should’ve done so much more research into my finances, my financial options, and financial obligations. Obviously I didn’t, and instead relied on the horrible advice I was so prone to taking from well-meaning friends. So what were some of the things I didn’t know back in the day?

1) YOU CAN MAKE PAYMENTS ON YOUR OSAP (STUDENT LOANS) BEFORE YOU’RE DONE SCHOOL

I blissfully collected my student loans (OSAP, where I’m from) for 5 whole years. When I had a bit of money left over at the end of the semester, I’d think, “Gee, isn’t this great!  A few hundred bucks I didn’t manage to blow on energy drinks and 7-11 hotdogs! I’d better spend it now before the next loans come out.”

Dumbest. Idea. Ever.

It doesn’t matter how big or how small the payment you can make: if you have ANY money you can put towards your loans before you absolutely have to pay them back, put it towards your loans! It doesn’t matter if it’s a government loan, line of credit, or private loan. If, for whatever reason, you know you absolutely CANNOT put money towards your loan a bit early (penalties, contract terms, etc), put what you COULD put towards it into a savings account. Then, that very first payment you can make will be a bigger one with all of that extra money put towards this.

Why does this help? I mean, what’s the point of paying back money if they’re just going to give you more money anyways, right? Well, because of INTEREST, my darlings. If you get a $1,000 loan, and can pay $150 towards it right away, that leave only $850 collecting interest. Interest which you will have to pay back later. Every little bit counts when you’re trying to pay things back.

2) JUST BECAUSE YOU HAVE MONEY DOESN’T MEAN YOU HAVE TO SPEND IT ALL.

Ok, so this goes back to the first point a little. I didn’t need my splurges. Yes, everyone needs to treat themselves sometimes. And I honestly thought I was doing very good with the budgeting. Every semester I would divide up my money, and only give myself access to what I had budgeted each month. I’d have enough for rent, phone, credit card bills (mostly), and other little things like groceries and transportation. I thought managing my money like this made me a Real Grown-Up.

Now, I had some friends who blew through their money fast on big ticket items. They bought crappy used cars that barely ran, a brand new mattress (when they had a perfectly good one already), state-of-the-art computers, and Texas Mickeys (those comically large  bottle of booze at the liquor store that come with a pump because they’re too big to pour from, for those who don’t know). Compared to them, I was a flippin financial genius.

But just because I seemed financially savvy compared to them didn’t mean I actually WAS. I blew money on the stupidest things sometimes. I mean, just the amount I blew on energy drinks, over-priced take-out food, over-priced lattes, and bottles of wine that were outside of my price-range……. well, I think I might just cry right now thinking about that. And all of that money still needs to be paid back!

I used to tell myself, “Well, the money is there. I’ll be able to pay it back later. I may as well enjoy myself now before I end up some corporate shrill who forgets what fun is.” Yeah, that doesn’t happen. On graduation day, you are still the same person you always were, with the same ideas of fun, but now you have that debt hanging over your head. Would I still like to splurge on a nice bottle of Ravenswood Zinfandel and a pair of Doc Martens’? Oh hell yes! Can I afford that now, after racking up all that debt which was partially made up of things like that? Not a freakin chance!

3) A DEGREE DOES NOT EQUAL A JOB. AND A JOB DOES NOT MEAN YOU CAN PAY BACK YOUR LOANS RIGHT AWAY.

I was one of the many who lived under the delusion that having my BA(H) would mean companies would be falling all over themselves to hire me. I mean, I have a degree! An honours degree! I should be making the big bucks here!

Yeah, I’m a Customer Service Representative at a government -owned specialty store. And I’m not the only one with a degree working here! I lost track of the number of other CSR’s I’ve met just in my city who are educated people, with degrees (PLURAL, EACH!!!!!) who are still working behind a cash register. Not that it’s a horrible job or anything…….. but we were under the assumption that we would be a bit higher up the food chain once we shelled out all that money for a degree. At least, that’s what we were constantly told anyway.

At my current job, I make under the provincially mandated minimum annual wage to be forced into making payments on my loan. This means I make so little money, the government basically says, “Here, you need this more than we do. Keep your change for now.” I have been out of school 3 1/2 years and have not yet had to make a payment (not that I haven’t, but that’s a whole other post).  I keep a roof over my head, food in my belly, and nip on my cat’s scratching post. But not much more than that.

Even with two degrees, a college certificate, and advanced Microsoft training, the competition is so fierce for jobs that I can’t find a better paying job at the moment. I know that will change. I know that someday (soon, hopefully) I will be making enough to not only be FORCED to make payments on my loan, but to AFFORD to make them. But it’s going on 4 years now of job hunting. I know people who are 5 and 6 years in, still working retail or call centers. It sucks, especially after shelling out all the (borrowed) money. But it’s reality, Sunshine.

 

Well, it’s getting late. Amazingly Awesome Boyfriend is passed out in bed (he has to be up in 6 hours for yet another 10 hour day at work), and my baby Bowser kitten is right by his side. I’d better finish up this post, and this glass of Cab Sauv, and curl up with them while there’s still some bed left to sleep on. I know this post seems a little depressing, but it’s meant as a warning. Don’t make the same mistakes I did: let me be the terrible warning for you! You just do your thing, keep on keeping on, and try to do life the very best you can. Until next time, keep on smiling Sunshine.

The Goal Setting Challenge

Amazingly Awesome Boyfriend has quite a bit of debt. Not as much as me (thanks Student Loans!!), but still quite a bit. When he moved in with me the beginning of the month, we agreed that I would handle all of the finances. Because you know, Criminology majors are known for their fancial prowress??

Considering how much debt I have (but how much effort I’ve put into making all my bill payments and paying some things off in the last few years), this is pretty much like the extremely near sighted leading the blind.  So, I’ve started to do what any responsible failed grown up would do: I’m marathoning Princess and anything else Gail Vaz Oxlade has put out on TV. I’ve got my little pad of paper here, taking notes on things she recommends to help people realize how much debt they’re in, and how they can get out of it.

A lot of it is simple: make a budget, get your credit report, have a resume. I’m good at these things. I’ve been working on a budget with AAB, and am pulling out old resume templates to show him the info I need to put a resume together for him. I even found where we can get our credit reports and scores, and am working on that for both of us.

The one challenge that always  stumps me, though, is the Goal Setting Challenge. The challenge itself is quite simple. Gail has the girls look at their life, and what they are doing to earn money. Quite a few of them have started and dropped out of a few different college programs, some are working the bare minimum amount of hours they can, and others just have absolutely no direction in their lives. So Gail has them sit down and look at what they want for a career, and how to set goals to achieve this. Some of them get to try out a career, others get a kick in the butt to go out and get a new job, and a few have gone on to get the requirements needed to advance in their current jobs.

That is where I get completely lost.

You see, since my goals and dreams fell apart years ago (THAT’S a long story for another day!) I’ve had one hell of a time trying to figure out what the hell I’m doing with my life. That’s pretty much step one of setting a goal for this challenge: knowing what the hell your goal is!

I’ve been putting myself out there with resumes, but as time goes by since graduation it seems like I’m getting fewer and fewer responses. I have no clue what it is I want to do with my life if I could have a dream job. And even if I could figure that out, I have no clue how I could afford to go out and get qualified for anything. The career I’m in at the moment has absolutely no way for me to work harder towards advancement, because about 95% of all upward mobility is based on seniority (and I’m near the bottom of the bunch for that).

So what the hell do I do?

This is something I’ve been looking at for myself a lot lately, Sunshine. Basically, I’m a Lost Girl. As fun as that title makes it sound, it’s not all rooster crows and Bangarang here. I’m looking at having no career, no direction, and no purpose in life. It’s damn scary!

So, you’ll see a bit more from me about this whole goal setting thing while I try ot figure out how to make it work for me. And maybe soon, I’ll tell you about that whole “I had a career in mind and worked towards it, only for it to completely fall out from under me, leaving me kinda dangling here wondering what the hell I’m going to do with my life” story.

Maybe.

Time to Buy Your Textbooks!

Beginning of every semester, the dreaded textbook list comes out. No matter how interesting the class, how interesting the textbook, how interesting the knowledge is, no one wants to shell out hundreds of dollars on books they will barely ever use. I love books. I collect books. I have a big collection of Stephen King and William Gibson books taking up a whole shelf on one of my bookcases. And I have bought textbooks that cost more than what I spent on that entire shelf.

You don’t have to spend hundreds (or into the thousands, for some people) on textbooks every semester. I didn’t know most of this until my final semester of University, but there are a tonne of ways to save money! Here’s some to help you out.

Check Your Library

At my school, the professor always had one copy of the textbook saved at the library. We weren’t allowed to check it out and take it home, but we could use it in the library. I saved so much money once I figured that out! There will always be those textbooks marked “recommended” on the syllabus that you really don’t want to buy, but often times do. I just went to the library, spent a few hours reading and taking notes, and saved myself $180 on two books we barely used. Check with your professors to see if they do this to. From what I’ve been told, many schools do this.

Thrift Books 

I found this site while looking for a cheap place to buy novels online. I found this place to be usually cheaper than Amazon, and they have a tonne of textbooks! While helping a friend look for a cheaper alternative to her $200 Forensics textbook, I found it on here for $35. That’s a savings of $165!

Textbook Revolution

Now this site is doesn’t have a whole tonne of books on it. But the textbooks on there are free, somewhat. Each textbook link takes you to an outside site to download from. Some are free. Some you have to pay a fee for. While I didn’t find any textbooks that I have used in the past, I did just find a bunch of books on presentations, statistics, and conflict resolution that all linked to the same site. That site has a 30 day free trial if you link to them through this site, which means you can just download everything you need without paying the $3.99 monthly subscription fee.

WikiBooks

Be careful with what you find on here. WikiBooks, while a great resource, is just like Wikipedia: anyone can create an account and edit its content. There also isn’t a whole tonne of content on here. That being said, this is a great site for those times you don’t understand a concept, and just need extra clarification

BookBoon

This site is almost completely lacking in Arts & Social Science books, but they still have a tonne of great textbooks. Everything in their “Textbook” section is free, thanks to their sponsors. And everything in their “Business” section has a small cost. From what I saw while poking around, they have a monthly fee you can pay to get all the business books you need for less than $5. That might be worth it for some people out there.

Free Book Spot

Now, I’m addicted to this site even though I’m not in school any more. The amount of textbooks they have on topics I had wanted to study in school but couldn’t find a class for is just huge! Just clicking on the “Sociology” section brought up three or four books on serial crimes (a major topic of research for) that I couldn’t find in the libraries in my city! This site is fantastic, and is definitely worth looking through if you want to find textbooks online.

Project Gutenberg

Project Gutenberg has an online catalogue of more than 50,000 books. Most of them are not textbooks, but this is still a fantastic resource. I used this my final semester when looking for literature in a few English classes. Just bare careful, this site tends to be a huge time suck, trapping you in its clutches for hours while you look through lists of related books. Browse at your own risk!

eBookee

I find this site bizarre and can’t seem to close the tab it’s in right now. It has a real old-school look and feel to it. I haven’t found any useful textbooks on it yet, but I did find a whole bunch of books that I’ve heard of and possibly wanted to read at some point. This site may take a while to get used to before I can figure out just how useful it is.

Renting Your Textbooks

Now this is one thing I could never bring myself to do. I tended to be quite hard on my textbooks sometimes, and some sites have strict policies on damages and penalties. This is great is you don’t transport your books to class much, can keep them safe, and don’t mind not being able to write or highlight in your books.

  • Textbook Rentals has a huge selection, and categories that make it easier to find what you’re looking for. This is the first site I’ve seen with an easy to find Criminology section, which also had textbooks that I actually used.
  • Cheapest Textbooks is very easy to navigate if you have the book list in front of you. It also has options to buy or sell your books, and FAQ pages to help you figure out if renting or buying is the best option for you.
  • Book Renter seems to have a pretty big selection too, and has the same navigation options as Cheapest Textbooks, letting you search for books my name, author, or ISBN. The browsable categories at the bottom were really weird to move through, and didn’t have all the options I needed.

Second Hand/Used Textbooks

If you don’t want to give out credit card information online, or don’t have a credit card to purchase or rent your books with, then there are other ways you can still buy second hand textbooks.

  • Many schools have a used book store, or certain days when they have used book sales. Just make sure you are getting an edition of your textbook that you can use. Many people get rid of old textbooks after the professor has announced they are switching to a newer edition.
  • Facebook groups are awesome once you find the ones you’re looking for. I found three groups for people looking to buy and sell their textbooks. A lot of times, they even threw in their old notes, or had advice about the class or professor.
  • Online buy and sell sites like Kijiji often have people on them looking to sell their books. For some reason, I’ve always found that the books on there are more expensive than the other Used Textbook options.
  • Check with friends and classmates to see if they’re willing to part with their old books. Again, if they took the class before you, they may have some advice on how to get through it best. And it helps to know who you can go to when you need help understanding something, too.

Well, that’s all I can think of for now. Does anyone else have a great resource for saving money on textbooks? I love hearing from you all, sunshine!

Do You Have A Plan?

I mean beside, “Graduate, find a job, make money”.

So many students go into their post-secondary schooling without any sort of plan in place. It’s almost like they’re on autopilot. Going to college or university just seemed like the logical next step after graduating high school, or not finding their dream job after a few years.

There’s also the outside pressure from friends, family, and “experts” to get some sort of degree. It’s like people seem to think that getting some sort of piece of paper will make the job offers come flying in. I’ve even heard the “advice” that it doesn’t matter what your degree is in, as long as you have a degree.

Well, that’s not exactly true.

Now, you don’t need to have a concrete plan, set in stone, laying out every educational and career move you plan to make in the next five years. You should have some sort of idea of what you’re getting yourself into. You can’t go into this whole “planning the rest of your life” thing blind.

Do you have an idea of what career you want after graduation? If so, that’s great! Make sure you’re on the right track to get there. (I’ll have a whole post next week about how to do this) Not so much? That’s ok too.  Not everyone knows exactly what they want out of life. The main things to focus on are to not panic, and to not pigeon hole yourself into such a small niche that you have no options to look to.

Do you have a major topic of study? Many students spend a year or two as an “undeclared” major, or in a “general arts/science” program. And that’s perfectly fine. If you’re not sure of what you want, then don’t rush into something you could totally regret. It’s perfectly fine to take a variety of courses in order to find out what it is that really gets you going. You may find that you have an undiscovered love of statistics, or geology, or quantitative research. Taking a little time to explore could help you discover your true passions.

Do you have no idea whatsoever what you want to do, but you’re in school anyway because it’s what you’re supposed to do? Then maybe you need to take a little time out here. So many people get pushed into university by well-meaning people and advice, when what they would benefit most from is going into a skilled trade. Or they rush into getting a degree when what they really want is to be a chef. Or they get a job with a company, and would love to just work their way up the chain there, but are pressured to give that up to go to school.

Not everyone needs to run out and get a degree! If you really have no clue what you want to do, or you have a career goal that some seem to see as non-traditional, then maybe you need to take a little time off to figure things out. Some people travel, or take time to explore different career options. I’ve known people who took time off and worked for cruise lines, department stores, garages, fast food restaurants. Some of them found a career path they loved. Others found something they thought they would love, and instead hated with the fiery passion of a thousand supernova-ing suns. Either way, they found something about themselves, and were able to either create or narrow-down their career path.

So do you have a plan? If so, congrats! You’re ahead of myself, and about 3/4 of the people I know. You don’t? That’s ok too. Just make sure not to pigeon hole yourself out of options.

Budgeting Part 2: Student Loan Edition

When you have a steady income (or any income at all), it’s a little easier to make a budget. Basically, you make sure that “money going out” is never more than “money coming in”, and that all your bills are paid. But what about when you get paid only once?

For many students, the lump-sum student loan is their only real source of income for an entire semester. Somehow, these students need to make sure that this money last them for months at a time, while still paying for essentials like rent and food. While it’s difficult to do, it’s entirely possible (just damn near impossible) to do this.

1) Pay off ALL the school things

That money is for your education. Before you drop a dime on anything else, make sure your education is paid up. That means paying your tuition, buying (or renting) your textbooks, paying for any incidental fees (meal plan, residence fees for on-campus living, health plans, etc)…… ANYTHING that would impact your ability to go to classes and then stay in school until your degree/diploma is done. Some schools won’t let you register for the next semester until all your fees are paid up.

And, before you ask, yes you will need textbooks. You can’t (for the most part) just copy down notes from class and learn from there. Depending on your school, you could have a lot of options. Some schools have a used bookstore, or let you rent books. Others keep a copy of every textbook in the library.  Make sure you know all of your options and make a real, possible to follow, plan of action for your semester (ie., don’t just think you can photocopy other people’s books).

2) Now for monthly expenses

Make sure you have money for all those bills you need to pay off every month. Add up your monthly bills, then multiply that number by the number of months your loan has to last you. THAT number is how much you need to set aside, at the very least, to get you paid off each and every month.

3) Divide up what’s left 

Any and all money you have left after taking out the monthly expenses….. THAT is what you have to work with for the rest of the semester.  This is your groceries, your coffees, your shopping, your emergency money, your going out money. So how do you manage this?

With math!

Take the money, and just divide it. You could divide it by the number of months it has to last, or the number of weeks. Hell, divide it by the number of days you need it to last, if you really want to go that far. No matter how you work it, just divide it up and stick with that number. So you get $350 a month? Then that’s it, that’s all you get for each entire month.

Now, divide that number up however you want. Do you want just a set number you can spend each week? Then divide by the number of weeks in the month, and there you go! Another great idea is to divide your money up by what you need it for. Figure out what you’ll need/want to spend money on (food, clothing, going out, emergency fund, etc). Then, figure out how much you need for each of these things. You can always reassess your needs each month and adjust things if you need to (say, you realize you need more than $15 a week for groceries, or you can’t spend $0 on entertainment and not feel like you’re going crazy).

4) DON’T GO OVER BUDGET!!!!

Every time you go over budget this month, that’s less money you have every month for the rest of the term! If you have no other source of income, then you have to steal from your future self to pay off your present self. Want to overspend on this month’s clothing budget? Then it comes out of your clothing budget for next month. Same goes for groceries, entertainment, and every other little thing you spend money on.

Remember, it’s always better to under spend than over spend. If you have extra money left over at the end of the month, you don’t have to run out and spend it right away. Add it to next month’s budget. Stick it in your piggy bank (you’re never too old for a piggy bank). Save it for the end of the semester, to use to blow off some steam after exams. It’s always better to have that little extra left to save for later, than to be scrambling to get by on $75 for your whole last month because you kept over spending.

Basics of the Budget

The first few weeks of school are pretty damn exciting. There’s welcoming events, moving, meeting new people, new classes, and, for a growing number of students these days, a giant student loan deposit in the bank. For many students, that lump sum payment is more money than they’ve ever had at one time.

Having that much money all at once can be a little overwhelming for some. Seeing that there are possibly thousands of dollars in your account can feel like you will never run out of money this semester. Once tuition is paid for the term, everything that’s left seems like fun money. Suddenly you can eat out, hit the bars, shop, and do all the things real grown ups like to do.

Except, you can’t.

You see, once that money is gone, IT’S GONE. Unless you have another source of income, you have to make that money last you. Hell, even if you DO have another source of income, you can’t run around blowing money on every little whim. You have to make (and stick to) a budget.

I know, that’s such an evil little word. “Budget” means “I have money, and I want to spend money, but I’m not allowed to spend money, so life just freakin sucks”. It also means, though, “I can afford to keep my bills paid off every month, have a bit of money to play with, don’t have to live in fear of eviction or not having money to spend on food, AND I get to practice this whole ‘being a grown up’ thing a little more”.

Before we get into how to make one loan payment stretch a whole semester, let’s go over the very basics of what a budget is, and how you can make one of your own.

1) Figure out how much it costs you to live every month.

Do you have to pay rent the first of the month? What about utilities (heat, electricity, water)? Internet? Phone? Look at every single thing you have to pay for every month. This isn’t just your living expenses, either. If you have a car, then you need to include any bills for that. If you have a balance on your credit cards, then payments need to be included too. Basically, any bill you have that needs to be paid off every month needs to be included.

The easiest way to do this is to just make a list. On one side of the page, list out all these expenses. On the other side, put how much they cost. Do you have something, like a cell phone or internet bill, that is a little different each month? Err on the side of caution, and write down what a more expensive month would cost you. Now, add everything up and…. voila! You have your basic bills!

2) How much money do you actually have?

Take into consideration every single way you get your money, whether it’s student loans, a part-time job, or an allowance from your parents. If it’s money coming in, then keep track of it! Again, just make a list of everything and add it all up. Do you have enough to even cover the costs of your basic bills?  If not, go right to step #6. If you do, then just read on.

3) What’s left for everything else?

I know, you want to take everything that’s left and go have some fun with it. And you can…….. possibly, in moderation. First, you need to figure out what you’ll need to spend on food every month.  Don’t kid yourself and say, “I can live on $5 a day” or “I can eat nothing but ramen all term”. Go to a real grocery store, look at the food. Figure out what you need, and budget for it.

Once you have food covered, then you can look at spending some on a little fun. Just don’t spend it all at once.  While it might feel great to go out one night and buy drinks for all your friends, that could cost you your whole month’s budget, leaving you stuck at home the rest of the month while everyone else is out having fun. Wouldn’t it feel better to just have a drink or two, and then save the rest for………. more nights out? Or a bit of shopping? Maybe you have a latte addiction you want to spend it on, or like to take cabs everywhere. You need to account for, and prepare for, all of this in your budget.

4) Where can you cut your costs?

Buying a coffee (or seven) every day can get pretty damn expensive. Same goes for taking cabs, eating out, using vending machines, and dozens of other things we tend to do every day. If you find yourself guzzling coffee, invest in a coffee pot and a few good (and large) travel mugs. If you cab it everywhere, grab a copy of the local public transit schedules to keep with you. All of these little things can start to add up and really eat away at your budget.  You need to find a way to cut back on these expenses, without totally depriving yourself (but that’s a topic for a whole other posting).

5) No matter your age, but a little something aside and try to be prepared.

You don’t have to open an RRSP and make big monthly contributions right now, but you should be saving something. Many students think that just because they’re not saving for retirement right now, they don’t have to save for anything. Well, that’s just damn wrong.

Do you want to buy Christmas gifts? What about big expenses, like clothes for a formal event or wedding? Will you be needing to get plane, train, or bus tickets once a semester? These are all things you need to plan for now. Saving part of the cost each and every month makes it easier to handle than letting it eat up a huge chunk of your budget one month.

Also, it is always a great idea to stash some money away for emergencies. Pretty much all the experts agree that you should have at least 6 months living expenses stashed away, in case your cash flow stops coming in for whatever reason. I know that seems like a lot, so just start small.  But a little aside at a time. Throw your change in a piggy bank. Have a portion of your pay check put directly into your savings. You can build up this emergency fund bit by bit now so that, when you need it most, it’s there for you.

6) Don’t have enough money to pull all this off? 

Well unless you find a way to cover all your costs, you are pretty much screwed.  There is no way to sugar coat this: you need to get off your ass, stop reading this blog, and go find more money NOW. Apply for scholarships, bursaries, grants, anything you may qualify for.  Start applying for jobs. Get (more) financial aid. Ask family members for help. Believe me, the LAST thing you want to do is start making up the difference with credit cards! At first, you think “Well it’s just a few hundred dollars, and I can’t just NOT buy groceries, so I’ll pay it off when I get more money”. The next thing you know, you’re getting ready to graduate, and have thousands in credit card debt ON TOP OF your school debt.

It’s not going to be easy, but there are ways you can get more money each month. Talk to a financial counsellor (if your school provides them), or someone you know who is great with money. There are also a lot of great resources out there (Gail Vaz Oxlaid, The Wealthy Barber, bank websites) that can give you more ideas and help than I ever could.

So that’s it: your basic budgetting. Now that you have it on paper, try to stick with it. I admit, it won’t always be easy, but it will definitely be worth it.