College taught me a lot of valuable of lessons but money management was not one of them! Like most college students my favorite time was the beginning of the semester, why you ask, Refunds!!! I remember it like it was yesterday, I would pay my rent for entire semester and blow the rest. The best part of this was I only had to wait a few months for another large check. Now that its been about eight months since graduation realty has really set in. There is no fat check coming just my monthly salary. Don't get me wrong I love everything on my life I have the apartment of my dreams in the neighborhood of my dreams and my car is fully paid for. So whats the problem you ask? I have no self control! I am a sucker for store credit cards or using my credit card for something I could pay cash for or do without. All that done is create unnecessary debt.
Yesterday I wrote down a list of all my bills and the amounts that I paid. I subtracted the total from my monthly pay. I also added together those bills that were outsides against necessity( water, shelter, lights and food). I realized that I am actually waisting more money swiping these cards so casually. So I have come up with a monthly savings plan that will help me pay off those unnecessary credits cards and I can focus on pay the government back for all those generous refund checks I was given.
If I could do anything over again, it would be to save up a nest egg for after college. I remember a year ago I said that I would do this but as the semester went on so did all my after college savings. I now know that I cannot be trusted with my own money and I need help until I have proper self control.
If you are reading this and still are in college, make sure you have something saved up. Yes, you may get your dream job but if you don't at least you will have something to live off of.
If you are a recent grad reading this stay away from credit cards I repeat stay away from credit cards!!!
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