Search

How I Saved $XX,XXX


Accountant by day and "money come-money go" by night... That was my motto before I learned the importance of having a good stash. I'll go on the record and say that not all accountants are masters of their personal finance. I studied it, but I really didn't practice it until I desperately needed it.


I had to put myself on a very strict budget to maximize my savings. By using this discipline I was able to save a significant amount of money- first as a college student, and finally when I got my first full time job.


I was living my best college life spending money as it came. I had a part-time job as I was only allowed to work 20 hrs a week on campus and the only bill I had was my phone bill (take me back), so I had extra money to buy the things I thought I needed and took trips my paycheck could hardly afford (absolutely no RAGRETS). However, as I was entering my final year of undergrad I realized that adulting was about to hit real hard. I moved into my first apartment, and got a car. For the first time ever I had big people bills- rent, utilities, groceries, gas, car and renter's insurance and more. W T F. After my first month of hell paying bills I realized I had to adjust my spending until I graduated and find a full time job. I had to put myself on a strict budget. The first thing I did was track my spending. I was so surprised at the amount of money I threw away. I mean... I enjoyed most of what I was spending my money on but girl...


Wait so...Who don't like nice tings? Ok.


For as long as I can remember I never turned down a good deal/sale. Whether it be on clothes, shoes, food, trips.....the list goes on. Life Hack (something I learned in one of my accounting electives, but never cared to apply in real life): SALES are scams- unless you really need it, and almost always, sale items are things we WANT and not NEED. P.s. I never saw a sale on health insurance, mortgage/rent, education ;)


Well, the real tea is most of our favorite companies mark items up a bit higher right before the sale and make the "sale" price the original price, but anyways chile... This is something I keep in mind every time I get an email from Pretty Little Thing or see something I really want lol.


While on a strict budget I had to kill a lot of habits, but I had to give up short-term satisfaction for financial stability. This was hard at first, but absolutely necessary. It's important to treat yourself, but if I have important goals ahead of me, what I want can wait. Placing these strict limits on my spending isn't finite. I use this disciple only if I want to meet my goals faster. Some may stick with you for good; some may not. Do what works for you.


And no, you DON'T have to make a whole lot of money to save. Here's a list of things I tend to give up/replace when I'm in saving mode:


A fresh set of acrylic nails every two weeks

instead Do at home manicures- buy a gel nail kit on amazon.

New bundles

instead I revitalize/ recycle old hair.

Salon Visits

instead I attended YouTube University LOL- I watched and learned a whole lot.

Dining Out

instead I meal prep/ cook at home ONLY.

Monthly subscriptions- Cable, Netflix, Hulu, etc.

instead I find free movie websites/ use a friend’s log in. (or invest in a fire stick)


Mindless saving can be less motivating, so set an intention for your goal. Keep that new car, apartment, phone, or whatever you want in mind. Start small, reward yourself, and enjoy your savings.


Here's a simple budget template I made that you can use to start your savings plan:

Also included in the worksheet is an easier way save- by saving small amounts you may or may not mind losing.


(Excel file most compatible on pc)



Personal Budget Worksheet
.
Download • 30KB



113 views2 comments

Recent Posts

See All