I knew going to college would be expensive, and I knew attending college in New York City of all places would increase the chances of me going completely broke. I had saved up a little less than $1500 when I first moved here in August, foolishly thinking that would be enough to carry me into
atleast the middle of my semester.
Well, I was wrong. By the time September was ending I was pretty much begging my mother for $10. I wasn't exactly rolling around in a new wardrobe or jewelry either; that money had gone for walking shoes, groceries and college books.
I found myself with nine classes and an internship, so I had no time to make money. I was eventually allowed $150 a month to live on and that is what I am still living on. $150 seems like a lot in my small-town mind I'm accustomed to, but in Manhattan $150 will get you three bags of groceries, a metrocard and maybe one weekend out divulging in a social life, it seems like. So I had to do some cutting back on the frivolous lifestyle I was used to having way back in my upstate NY days.
I no longer buy clothes unless I really need them, I take full advantage of the "buy one, get one half off/free" sales at Key Foods and I think twice before splurging on a night on the town or makeup that a commercial sucked me into. As much as adjusting has been difficult, it's also been a lesson learned and I'm happy with how I've learned to budget money.
What are other tips on budgeting money while in college (or out)?
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