Now that I’m (dun dun dun) a college graduate, I feel like it’s time for be more fiscally responsible. My senior year I feel I really wasn’t, and I’m OK with that, but now I think it’s time to buckle down, especially since I will be freelancing my way through grad school (with the help, hopefully, of an assistantship). I think I have pin pointed a few of my problems and will be able to work on them to be financially sound.
- Don’t impluse buy
- This is a HUGE problem of mine. I’ll go out to a store, maybe with a friend or to buy stuff I actually need, and then pick up something on a whim. If I stopped this, I’d have so much more money. And it could be as little as a couple of $5 movies from Wal-Mart, but each of those purchases Nickel and Dime me.
- Don’t be so generous
- I kind of blame my dad for this one, but when I go out to the bar with some friends, I usually feel the need to buy them a drink. Or when we go to dinner, I will sometimes treat or eat the bill a little. This probably bothers my friends more than it does me, but I also need to recognize that I can’t be doing that all the time.
- Don’t spend more money when I don’t have to
- This could come in the form of late fees for bills or (ahem) my first speeding ticket ever. It could also be spending more money for convenience. I’m not saying I should be completely frugal now, but a little frugality is never a bad thing.
This summer will be a pilot program for these 3 little rules. With that in mind, I will also be doing some big things this summer- concerts, Texas (hopefully) and I’d like to buy a new digital camera (yes I know, That would be 3 within a year- am I already breaking one of my rules?). But these are things I am planning and saving for. With any luck, by the end of the summer I’ll have a nice little bundle saved up that I can put in some nice savings account to build interest on. Any suggestions?