Piso. Dos. Tres.
In a university life, Piso is not enough. Dos could mean a four-page photocopy for class, while Tres spells three small pieces of fish balls bought in “coop” for an unsatisfied, starving stomach. Is there anything more than these?
Like the financial dilemma of the United States and the world, we, Norsunians also experience financial bankruptcies on our own— everyday. Good for those who have learned in their early years the art of saving and frugality. But for most students who can’t help but give in to the temptation of spending, they should learn the golden rule of wise spending and financial management.
To help you ease up your student life, and finally put a stop to the emotional pain caused by your as-flat-as-flat-tires pocket, The NORSUnian gives you simple tips on getting yourself financially fueled everyday.
Being financially drained is part of being a student. Even dipping our pockets for extra pennies for some photocopies or group contributions in class is already one painful act. The solution is to learn the art of reduction.
If you always ride a pedicab from your boarding house to school and vice versa, it is not a surprise that you would have an empty wallet by nighttime.
Think about this: Dumaguete, as a small city, can be a place for either extravagance or frugality for you. Unlike other cities in the country, Dumaguete’s lifestyle is proven less expensive compared to other places. Walking from your boarding house to school and vice-versa could reduce your daily spending, most especially in these times when fare is high.
Aside from saving the pennies and exercising, you could also help in lessening the amount of pollution brought by burning of fuels through vehicles in our environment.
If you are one of the many students who get their allowance weekly, you could be safe from the trouble of budgeting. You could spare an amount for your daily needs by simply “dividing the whole into pieces”. Example, you get 500 in a week, you get 100 per day for that 5-day spending. But if you get your allowance monthly, there is a bigger possibility that you would get into much financial trouble.
Think again: students who are given more could spend more too. If you are given a monthly allowance, chances are, you will be asking for extra money from your parents before the end of the month.
The fact is, many teenagers are unwise spenders and prone to spend on unimportant stuffs such as buying their favorite gadgets, prepaid credits for your mobile phone or sticks of cigarettes and bottles of liquor.
It is important that we learn to determine the things that we “need to buy” to the ones that we “want to buy” in the week. Making a weekly list of things that you need is one good thing. By allocating your money wisely, you can also save an extra amount for the next week.
If you learn a good strategy, and fight against your daily unnecessary spending, you will surely have a blissful financial life.
It is better not to eat a meal than have a failing grade, right? It is even better to walk under the heat of the sun than get an INC! Thus, projects and requirements are therefore the most important things that we should prioritize.
Prioritizing the most important stuffs is necessary. If you will always yield to the temptations of those glimmering stuffs in shop windows, you are likely to fail in your undertaking—be it in school or at home.
Food, as the basic need of all people, is the basic need of our student life too. According to a survey of one of the local shows on TV, food is the most important necessity of most students, and therefore, we spend the lion’s share of our spending for it. We should therefore, allocate a large part of our allowance to it.
But how do we determine if such spending is important? Something is only considered important when the rest of our important daily activities end up unsuccessful when we fail to avail or allocate for it, e.g. food, water or school fees.
By prioritizing most important stuffs to spend, we make every part of our activities smooth sailing.
In every aspect of our lives, it is important to set up our priorities. It is said that if we do not know how to determine our priorities in life, we either end up failing or in a dead end.
In our lives as students, setting up our priorities for our allowance is also necessary. We could list down the top priorities for this week by looking up or reviewing the past weeks and ask the following questions:
1. What were the expenses I have incurred last week that I now view as unnecessary?
Next, look unto the incoming week and ask the following questions:
2. What are the possible urgent needs this week?
3. What are the requirements that need to be allocated for?
After answering the following, we will come up with a more accurate list of the topmost priorities in a week. And if we learn to answer the following and list them down, the lesser the possibility of spending for our extra wants, and we will hopefully learn and take the art of saving and frugality for the rest of our lives.
Happy spending!
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