5 Tips to Micromanage your Education (How not to cry when you check your bank account)

We have all been there, opening our laptops on a Sunday afternoon and checking our bank account and wondering what the hell happened to our “savings” — if they ever existed. Managing your finances and having fun in university is literally one of the hardest things to do, but it is doable. After all no one wants to end up selling their TV and shutting doing their Netflix account. We have all been there, opening our laptops on a Sunday afternoon and checking our bank account and wondering what the hell happened to our “savings” — if they ever existed. Managing your finances and having fun in university is literally one of the hardest things to do, but it is doable. After all, no one wants to end up selling their TV and shutting doing their Netflix account.


We have all been there, opening our laptops on a Sunday afternoon and checking our bank account and wondering what the hell happened to our “savings” — if they ever existed. Managing your finances and having fun in university is literally one of the hardest things to do, but it is doable. After all, no one wants to end up selling their TV and shutting doing their Netflix account. 


So here we are after years of experience and blacked-out nights with 5 tips on how you can Micromanage your Education: 


#Tip 1 Use Excel, Download an App or buy a damn notebook to track your finances 
The first step in fixing any problem is recognizing there is one, and the way to fix your finances is to track them. There are hundreds of apps that you can use to track your finances and set a spending limit for yourself. You can use Excel and input everything you spend to know where most of your money goes. You just need to keep a note of everything. If you spend $5 10 times in a week that is $50 out of the window (these dollars have a magical way of pilling up so track everything) 


#Tip 2 Get a part-time job
Whether it is working as a delivery boy, or freelancing find something you can do while not destroying your time for studying. Working part-time will give you some extra cash, but more than that it will add some discipline in your life and will abolish time that you would otherwise be spending money in. But even beyond the financial benefit, working is good for any student (yes you are a student) it will give you a hint of what will come next. 


#Tip 3 Leverage your Student status 
Off the top of my head, I can think of 10 coupons apps, and 20 financial privileges you get as a student. Make sure you download apps like Groupon and your student union apps to check the latest deals you have as a student, and they start all the way from groceries to that Saturday night party. Use the university gym, go to cloth stores that offer student discounts (you do not have to be Versace just yet). 


#Tip 4 Fend off the peer pressure
“It is just going to be too fun, and we will worry about the money later,” words said by every college student weekly. The answer here is that when you worry about it later you will be thinking about how you will survive the next month. Do not get me wrong, of-course enjoy but within the limit so you can keep on enjoying. Know your budget and it is never ever a good idea to go over and above your budget. 


#Tip 5 Enjoy your place
Make sure your place is set up in a way that you can spend time in it, you or you and your friends. It does not matter if it’s the size of a closet or a mansion. Make sure you can chill at yours or at your friend's place. Spending time at home is the best way to save money. Spending time at home controls the ongoing rounds of drinks, it forces you to cook or eat in — which is significantly cheaper. 
Above all, just be responsible you are young adults now, and a bit of responsibility will take you a long way. We hope that our tips will stop you from crying every time you check your account. Please email us and tell us what you think.