I came across this interesting video on Refinery 29. A woman managed to go through her week on just $50. I was interested to see how she saved and what she cut out.
To my surprise, she learned that budgeting is not just about cutting things out, but simply knowing where your money is going. Having a budget doesn’t mean you don’t get to do stuff you like – like that 1 a.m. pizza slice. But instead being conscious of how you spend it.
As I continue to post about saving money and budgeting, I think it is important that we all understand how it works. You can still live a great life on a college student income. There are still ways to get Dunkin Donuts from time to time and there are still ways you can go out with your friends. Watch your spending for a week, could you live on $50 a week? What could you do to change that?
Check out the video here.