5.) Buying groceries instead of eating out.
This is a tough one for us college students, but it really can save you loads of money. By just buying groceries for yourself instead of eating nasty fast food or pricey restaurants every day, you’ll be saving money and learning how to cook!…. I know it doesn’t excite me either, but it works.

4.) Scheduling and Planning
As much as I hate to admit it, my mom was right. Making schedules to plan out your days and weeks really does save you time and money. When I was with my old bank, I don’t know how many late fees I had to pay because I forgot to make my payments – it’s scary to think about. My hard earned cash walking right out the door! I also like to make a list when I go shopping. This way, you’re only buying what you came to get and not everything else.

3.) Look for Sales
Looking for sales in the newspaper or online is a great way to save a buck. The best thing is that there is always some store that is offering some really good deals. All you have to do is look around. Oh yea and don’t be embarrassed to cut out and use coupons. They are awesome and your mom will love you for finally realizing how cool they are. Plus, it’s fun to cut stuff out… it’s therapeutic for me… what? Don’t judge me!!

2.) Comparing Prices
This one is really important for us to learn. Although it can sometimes be tedious, comparing prices with other stores or other brand’s prices is an extremely good thing to learn. Research is key here. If you really want something or need it, then it would be wise to know all that you can about the product and the differences between brands. You’ll learn that just because it’s more expensive it does not necessarily mean it is better. This will come in handy in the future when you want to buy a house, a pet, a car, or anything for that matter. Trust me, this will save you money.

1.) Wants vs. Needs
Almost everyone will have problems with this one some time in their life. The question you should always ask yourself before you buy something is, “Do I need this? Or do I just want this?” Being honest with yourself is key for this one. Whenever I try to convince myself that I really need something, I begin to realize that if I really needed it, then I wouldn’t need to convince myself of that fact. This is soooo important to learn. And I’m very guilty of buying things that I would never need. Buying things you don’t need is the biggest waste of your money and can cause lots of financial problems for anyone. It’s not a bad thing to buy something you want. Just make sure you do it sparingly and make sure you’re going to actually use it more than once.

Wow! Well I think I’ve lectured you all enough. I hope you will take my advice and learn from my mistakes. Now go out there and start saving!!!! FOR FINANCIAL FREEDOM!!!!!!!

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