For most of my college career, I’ve had quite the budgeting strategy: I wouldn’t buy anything I didn’t want.

Anything I actually did want… well, that’s a different story. This method didn’t exactly set me up for financial success. I realized this year (when my bank account reached a frightening low) that I’d need to start budgeting, or at least make some financial changes.  

Budgeting intimidated me; it also seemed unbearable. I’ve since learned that simple changes can make a big difference.

Open a savings account… and actually use it.

If you don’t already have a savings account, set one up. Here’s the catch: Money in this account shouldn’t just be transferred willy-nilly to your checking account whenever you feel the need to splurge. Exercise some discipline, and leave the designated money there.

Set aside for needs first.

When you get your paycheck, account for your needs first, and set that money aside. Think money for gas, groceries, school fees, etc. You’ll need to establish your wants vs. your needs. From there, account how much leftover should go into savings. 

Make a luxury spending limit. 

You don’t have to cut out all fun spending. However, setting a limit could be helpful. Make it reasonable, taking into account social outings and other comforts you’re used to, but be ready to pick and choose which ones make the cut.

Stop eating out so much.

This one hurts. So often at Auburn, people’s first go-to for social get-togethers is eating. I love eating out as much as the next person (maybe even more), but it’s time we get creative with our hangouts. Wouldn’t it be nice to spend time with your friends without dropping $10-20 each time?

If you do choose to eat out, start looking at the less expensive menu items. I know a burger isn’t a filet mignon, but I bet it’s still delicious. Drink water, too. Not only is it good for you, it’s typically free.

Find things to do other than shop.

Auburn has tons of cute stores, but maybe it’s time you start visiting them less. You might just be “looking around,” but before you know it, the damage is done. 

This goes for online too. If you need to, unfollow merchandise accounts on social media. Spend less time online shopping or even on Pinterest. Let’s be honest, at least 90 percent of Pinterest’s content is set up to get you spending money. Take a break or at least limit your time making wish boards that all-too-quickly become reality. 

Review your spending. 

At the end of the week (or some short-term period of time), review what you’ve spent money on. Think about where you did well… and where you didn’t do quite as well. Evaluate if you’re still glad you made the purchases you did. This quick self-reflection will help set up your budgeting perspective for the next week. 

Give these tips a try. You’ll be surprised by how much you actually save.

Happy budgeting and as always, be well, Auburn.