Here are a few ways you can take control of your finances post-graduation:
Try to keep your fixed expenses as low as possible.
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Write down your expenses and actually keep track of where your money is going.
Write down your fixed expenses (including savings!) and your variable ones to identify where you are living beyond your means and where you can cut back. Try a No Spend Challenge and see how it helps curb your spending habits.
Make financial goals and focus on achieving them.
Being disciplined will not only keep you from spending unnecessarily, but it will help you break the emotional connection you have with splurging on material items.
Avoid using your credit cards.
Learning how to budget takes time, but once you learn the basics you’ll have control of your finances in no time.
Nicole Booz is the founder and Editor-in-Chief of GenTwenty. She has a B.S. in Psychology. In her free time she enjoys training for half marathons, planning her next great adventure, and reading any book she can get her hands on.