Money Management and Professionalism

6 Mar

Every two weeks, on Friday, I get a check. This enchanting piece of paper commands my attention. Within this check, there are decisions like which bill I will pay first and what social events will I get into? Call it dramatic or an over-exaggeration of a mere pay cycle, but money is money. I’m still holding onto the hope that one day, money will grow on trees! So for now, here is some money saving guidelines to get you started.

  1. Don’t eat out! Beware of the flashy signs that lure you in with their promise of good food at a low price. You may think, ‘I don’t have the energy to cook, and grocery shopping is a hassle, right?’ Stop. You’re wrong. When you eat out every day, it adds up. Challenge yourself to buy a week’s worth of groceries then compare your spending to the amount you spend in a restaurant or fast food chain every day. The difference will surprise you. Cooking your own meals is a healthier and cheaper alternative.
  2. Always pick the low-cost option when it comes to activities. There are plenty of alternatives to your costly weekend plans. Take the cinema for example. Movies are expensive and their prices are continuously increasing. A Redbox kiosk can be found at most grocery store chains, leaving you to pay just over one dollar for one night’s rental of the latest blockbusters. Compare that to the twelve-dollar 3-D movie ticket, over-priced snacks, and the obnoxious people you’ll probably sit in front of, and you’ve already saved yourself a good bit of change.
  3. Conserve your gas. The hardest thing to do in college is just sit still. You want to meet up with a friend or run errands. That’s fine. There’s no need to become a hermit. Implement some changes though. When you run errands, plan them in a way that leaves you less time running the roads. That way, you won’t waste gas driving up, down, and all around. Carpool! Carpool is the greatest idea that no one uses. You don’t always have to take your car. If you’re going the same place as a group of people and someone volunteers to drive . . . let them! Try to stick with purposeful driving only. Don’t drive around trying to figure out what to do or searching for something. Plan what you’re going to do before you leave, then drive. Cutting those little corners will save you from all too often visits to the pump.

Being a professional in your career path means being a professional with your money. Knowing how to manage and save in finances is what people look for when they hire managers and administrators. If you don’t learn how to become financially successful in your personal life, it will reflect in your working lifestyle. Companies require credit checks before hiring employees and if you are poor at managing your finances, it could even cost you a job. When you decide to start saving money, you don’t have to take a huge leap. Introduce small changes within your lifestyle, and you will see improvements. Good ole’ Benjamin Franklin once said, “A penny saved is a penny earned.” It might be time to finally consider the possibility that he was right about that one.

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