I’ve made around 3K-4k this year and I legit only have 200 dollars left :/. I don’t know where my money went and i need to save up for upcoming college expenses? Any tips from you guys???
Definitely download the app Mint (Android/Apple), to track your spending and set budgets. If you don’t pay attention to what you’re spending, then yeah, a lot of that money is going to go down the drain. If you don’t know where your money went, yeah, that’s a big problem.
I think the biggest problem is that you don’t know where the money went. Like the poster above said, make a budget and stick to it. Start tracking what money you are spending so you know where it goes.
If you use a credit or debit card, try using cash instead. Give yourself a set amount of cash for spending money (whatever your budget allows) for the week, and don’t spend any more than that. If you run out of cash, then you are out of spending money for the week. That might help you keep to your budget. It’s easy to overspend if you are just putting it on a card.
Open a savings account. Every time you get paid put a certain amount in that you can’t touch until you start school and then give an amount to yourself for spending money, when your spending cash is gone, it is gone, and you have to wait until you get paid again for more spending money. The savings will grow if you stick to this type of plan. Get used to it, this is real life.