Saving culture is a habit every undergraduate must develop while in school. This is due to the fact that it will help them in the real world when things get tough. Furthermore, with a good spending habit, you can wither the storm of hardship in school as an undergraduate. This is why we are unveiling to our readers the 5 spending habits every undergraduate must develop while in school.

When you are able to train yourself in the art of spending judiciously, trust me you can plan with any little money you have in future. This could extend to life after school. Irrespective of how influential and rich your family is, there will definitely be a time when you have to fend for yourself.

No matter how large your monthly allowance is as a student, you will definitely go broke without proper planning. And if you carry this lavish spending to life after school, you will definitely be a “broke ass nigga” even if you work with the best multinational in the world. Check out these 5 spending habits that every undergraduate must develop

5 Spending Habits Every Undergraduate Must Develop

#1 Never Live Above Your Income

One of the spending habits every undergraduate must develop is to spend within the limit of their income. Never spend on things that you can’t afford this will help you in the long run.

#2 Be Very Discipline

As a student, you must have the right spending discipline. As a matter of fact, you must learn to say no to yourself.

Remember, we are in a world where we allow our buying decisions to be influenced by peers. This is why you must learn to say No to yourself, and never buy things you don’t need. Funny enough, students are known for buying things they never need.

As a matter of fact, an average student invests more in fashion and other luxuries. This is the reason they are always very broke during the holidays.

#3. Don’t be addicted to brands

One of the best spending habits every undergraduate must develop is never to be addicted to any brand. It is the beginning of your doom in life. Some people are so crazy about brands that they will always get the latest product of such brands.

For instance, there are some students that will always buy the latest iPhone and Samsung phone. As a matter of fact, they are like ambassadors to those brand. They can go extra miles to get money just to have such a product.

This should stop and learn to buy the things you need. Buying a phone of over a hundred thousand nairas as a student is stupidity of the highest order. You can save such money for a raining day. Don’t forget, a word is enough for the wise.

#4. Never forget that there will always be a raining day

One of the reasons you need to cultivate savings culture as a student is the existence of raining days. There will always be a time when your parents/guardian may not have money to send.

It could be the time you need money the most. This is when you will understand the importance of savings.

[b]#5. Learn to cut corners[\b]

One of the most important spending habits every undergraduate must develop is cutting corners. When you learn how to cut corners, it will help you in life after school.

As a rule, try to divide your needs into three;

1. Must have
2. Should have
3. Could have
Never compromise the first one (Must have), you can consider spending on the second one (should have). However, avoid the third one (Could have) totally, as you don’t need it at all as a student.

Furthermore, you must prepare a budget every month as a student. This will enable you to plan your monthly allowance properly. Also, divide your monthly allowance into three; standard expenses, savings and miscellaneous. The portion you remove for savings is what will help you when you are broke.

These are the 5 spending habits every undergraduate must develop while in school.

Source: [url=http://www.24hoursreporter.com/2018/08/17/5-spending-habits-every-undergraduate-must-develop/] http://www.24hoursreporter.com/2018/08/17/5-spending-habits-every-undergraduate-must-develop/ [/b]

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