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Finishing Up School on a Budget

Ali Bar

Amid final exams and projects and the stresses that go along with it, watching my spending was, well, let's just say I'm a little less frugal during those times. My time becomes more important than my finances. Case in point: Spending on food during finals week got out of control. Since this happens every finals week, you'd think by now I'd have some clever way of handling working really hard and eating on a budget. But no. I will also throw out there that I was plagued by the flu during finals week. While it felt like pure death at the time, I actually saved money due to my nonexistent appetite. I realize that sounds like kind of a pathetic rationalization. Hey guys, get sick. You won't want to eat, save money. Uhh, NO!

Let me tell you what I would recommend. First off when you are stressed out and feel as though you have no time and you just want to go to the super expensive French bakery downstairs, HALT. Do it once and you will eat there not just for breakfast but also for lunch and dinner. I’m sure you students and former students know exactly what I’m talking about. Just because you're super busy, doesn't mean you can totally throw your budget out the window – especially if you check your accounts as I did after the frenzy of late nights in the studio and realized my next credit card bill will be something I can’t pay in full. I’m particularly paranoid about paying off my credit card bill entirely each month. So slipping up a little here and owing a little more there is definitely a habit I want to avoid.

But back on topic, what to do when you are stressed, busy, and don't have time to make lunch. Go to grocery stores for sandwiches and subs. They are most often cheaper than restaurants or cafes. And if you really are in a bind, go to the $1 a slice pizza joint, not the healthiest, but definitely the most budget friendly. Or find a place with good prices and big portions to extend a meal's life by having it for lunch and dinner. That way you also save time. I found a little Thai restaurant near my studio that had $7 lunch specials. I got the Pad Thai with four small egg rolls. That was good for both lunch and dinner
and at $3.50 per meal was definitely better than the $11 I would have spent at the French bakery.

Here’s another option: Work really hard, and then take a longer break that allows time to go home and eat dinner. Or try to plan the day so you begin your studies early, eat breakfast at home and then manage to get home for a late dinner. Hopefully this coming finals week, I'll follow my own advice. Of course, this will be easier said than done, considering I'll be in Rome for a semester abroad and will want to try every restaurant that I come across. But I'll restrain myself.

Despite my money woes, this semester ended very well. Now I'm back in Miami to revitalize and there couldn't be a better place. Oh, 74° how I missed you.

Posted by Ali Bair at 10:07 PM on December 22, 2010 in Banking , College finances , Food , Impulsive spending , Savings | Permalink | Facebook | Digg | del.icio.us | AIM

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