When we were young, we had the luxury of being able to live at home with our parents rent-free. We were able to eat for free, sleep without paying for a hotel room, and even drive a car without going through the rigors of a rental car service. Basically, we had it made living at home.
If we had it so easy as kids living at home, why were we so eager to grow up so fast? Whenever we were told no, we’d go to our room (our rent-free room), close the door, and pout. I’m sure you can recall several times getting upset with your parents and wishing you were 18 so that you could move out.
When you finally did move out of your parent’s house, how did you feel? Initially, we all feel a huge surge of total independence. You’re thinking to yourself, now that you have your own place, you’ll be able to go out, have fun with your friends, and just live your young life to the fullest…until reality sets in.
Suddenly, you’re realizing that rent is due, the electric bill is coming up next week, and oh, you have to eat! All of that costs money. Yes you have a job, and you get by okay, but what about the parties and going out and hanging with your friends? Where’s the time and money for that?
The truth is, being an adult is tough, and “adulting” is even harder, but it doesn’t have to be. You can still have fun and do it all within your budget. Follow these money-saving tips, and you’ll be able to pay all your bills and still have extra to play around with.
I’ve seen it all too many times, where you have a group of friends who are always on the scene having fun. You want to have their kind of fun too, but can’t really afford it. So you go off and spend your last dime for a good time. It’s so much fun in the moment, but once you return home, you’re completely broke. Now, what do you do?
I think we’ve all been through that phase, but it gets really old, really fast. Being a responsible adult is key. You can’t do everything the next person is doing, and that’s ok…you have to act your wage.
Acting your wage sometimes means turning down an invitation to grab brunch or dinner. Instead, take the money you would have used to grab brunch or dinner and put it towards buying groceries. Buying groceries does mean that you will have to cook. Luckily, we have the internet, cookbooks, parents, and grandparents that can help us out in the kitchen if you don’t know how to cook.
Trying to be something or someone, you’re not is one of the top reasons why and how we go into debt. So in order to take control of your finances, be responsible, be smart, and act your wage…it will pay off in the long run.
You’re probably thinking, why on Earth would I want to build my credit when I’m already in debt! Well, if you’ve tried to make any big purchases at all, then you should know that you almost have to have credit for any and everything!
When you talk about building your credit, there is a responsibility aspect to it as well. If you know you can’t take on another monthly bill, then don’t even think about a credit card. Using a credit card in a responsible way can actually be very beneficial to you if you have less than perfect credit.
The same thing applies to loans. Lots of times, people will consolidate their debts through the use of a loan. It just makes things easier sometimes. It’s definitely a lot more convenient to pay one debt off, versus making payments to multiple creditors.
By consolidating your debts through a loan, this will boost your credit, and when you have a higher credit score, you’ll be able to qualify for bigger loans, and better interest rates in the future. So in order to get there, be sure you research the lending process before you begin.
You’ve heard people say that some of the best things in life are free. That statement is true for some. We have it in our heads that the definition of fun involves money. That’s not necessarily true, it just depends on what your idea of fun is.
Most of the time, there is always something going on in town that is fun and free! You just have to know where it is. The internet is a great way to find out what’s going on in your city or town, and it usually tells whether it’s free or not. Giving your town’s community center a call is a step in the right direction as well.