I would never think that I would need to crack my piggy bank open for a loaf of bread.
At the age of seventeen, I packed up my belongings and moved away from my family home to go to the city to study. Moving out was not a scary concept for me, I embraced it. I love being independent and exploring a city that I didn’t know excited me.
I was working from the age of 13 and I have never been good with money. As soon as my pay packet was in my grasp, I was spending it on junk food and Paul Frank merchandise from the skateboarding shop in the next town. When I moved to Aberdeen, I quickly got a job to help pay my way through College and University and the one thing that I wish I did do was budget.
As a student, I earned just enough to pay for my rent and bills. I relied on my student loan to pay for my art materials for University and Papa Johns pizza whenever I craved it. Which was a lot. I never prioritised my money, I didn’t even squirrel any of it away in to savings. My spending was out of control. I would blow my money in a few days on clothes, make up and nights out with my friends. At the time, I didn’t think about anything. I had my student loan.
This changed during the Summer, when I didn’t have any food in my house and my student loan that I relied on every month is stopped dover the Summer months.
My overdraft was out of control and I was embarrassed to ask my mum for money and I didn’t know what to do. The only money that I could have access to was my piggy bank.
I took my piggy bank and popped it in to a tote bag and went to the supermarket. My shopping trip took longer than normal because I was so upset with myself. I shopped for the cheapest items and quickly joined the queue, getting my pennies together from my piggy bank to pay for my groceries. Handing over the fist full of coins was my breaking point, I knew that I needed to wise up and get savvy with my cash.
I wrote out a budget sheet that was realistic and tried to stick to it as much as possible. I set up a savings account, shopped in sales and planned my grocery shopping list wisely. Buying long lasting food an planning my meals better, really saved me from wasting my money.
If I didn’t have my student loan, I don’t know what would of done. In Scotland we have SAAS, for the rest of the UK there is SLC and for any of my readers in the States, there is Earnest who will help you with your loans.
To this day, I am still learning about budgeting - but the lipsticks in the beauty counter keep crying to me. Luckily, I have E to help me budget. He is amazing at squirrelling away money and budgeting every penny he earns, so I really need to listen to his advice. But like I said… lipstick…
How do you budget your cash?