Money Tips: University Edition

Hie guys!!! I hope all has been well with every single one of you!!!!!


So guess who has posted three weeks in a row - Me!!


This week I want to talk about something that has really become apparent to me in the last couple of months... University/ College Stress is directly linked to money.


In almost every conversation I have had with university students in the last couple of weeks, we somehow end up talking about or mentioning something along the lines of being broke... And honestly, it usually comes up when you are talking about places you want to visit or things you want to do, but you are too broke to do. And I'm sure at some point you have had that conversation with someone; you might have just had one a couple of minutes ago, actually.


Now uni students are stressed a lot, and it's so hard to dance all the things that go on during this period of our lives. But do you know what one of the hardest things to balance in University is? I mean, besides the stress that comes from getting a degree from a higher education institution. Its MONEY!!!! So it was just reading a stat the other day from the University of OHIO that suggests that about 7 out of 10 college students feel stressed about finances. I want us just to take a moment to think about that. Are you part of that Stat?


I know I am definitely constantly thinking about my finances, and Yes, it absolutely stresses me out sometimes. However, I have been using these three things to help me deal with finance induced stress.


1. What is you're Why?

I did a whole podcast about this last week, and I will link it HERE. The summary of this is that you need to understand the WHY behind money. This would mainly be done through a form of self-evaluation and contemplation. And the task involves really asking yourself those hard questions. This could be things like your money goals and why you have them, money habits evaluation or even why you are financially right now? An example would be why you see money the way you do because it could help you figure out the root cause of your money habit and behaviours. And this is actually a great transition into the next point.


2. Identify your problem area.

Once you know the WHY it makes picking out the bad habit easier, this does require a lot of honesty to ourselves, and it isn't always comfortable to think about. But I wrote down all the things a noticed where hindrances to my progress and tried to link them with a WHY. at the end of it, I discovered for me I needed to sort out my Financial Emotional Intelligence and also, more importantly, I had to change my views and ideas of money. And from there, I had to come up with a plan to fix things. So you guessed it... I made a budget.


3. Create a Budget.

Pretty self-explanatory for the most part, but I will do a more detailed post about this later on. The short end of this is that I calculated my fixed and variable expenses, then calculated all the income I get on average AND subtracted both amounts to figure out what my net and gross "profit." From there, depending on whether the amount was a deficit or a surplus, I made decisions on how to better priorities my money. I used the app MINT to help me say in check and keep track.

At the end of every month, I evaluate the statements and see any trends in the use of money and make adjustments where necessary.


Again I will do a more detailed post about this point and other things I use soon, so stay tuned.


I really hope this helps you and takes away some of that anxiety.


Have an amazing day, you guys.


Quote of the day:

"It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for. "
~Robert Kiyosaki

Have a blessed day,


XO