“Haaa finesse if you broke na whose business?” How about we don’t find out because I’m about to give you the Credlanche ‘Big Aunty’ tips that would help you scale through uni without losing your steeze.

 

If you ask me, I would say going broke is a part and parcel of being in uni no matter how big your sponsor is. There is just always that moment when things are tight, but if you read till the end, I will show you how to have little to zero of such moments.

 

First off, I stand with you,  in fact, I get it, no money is ever enough in university. You see those impromptu fees and handouts, there is no way you will keep going back to your folks for bills and they won’t think you are trying to rip them. That would make you want to take some responsibility for yourself after all you are embracing the freedom of the newfound adult phase.

 

Can we also talk about the unnecessary hikes in the price of basic stuff just because you are in a school environment? The pain, torment, and torture of juggling classes with your account on red too. Well now that you are here, these tips would definitely help you.

1. Create a budget:

This is very important and the very first step to thriving financially in University. This might seem like some big thing but really, think of it as your financial GPS. It guides you and helps you avoid unnecessary detours, ensuring you reach your destination without running out of gas (or cash). Quick guides on how you can avoid unnecessary detours are:

 

– Identify Consistent Sources of Income

Sum up the list of consistent sources of money you receive, preferably on a monthly basis. Leave out random giftings and focus on your reliable sources of income. This will give you a rough estimate of how much comes in every month.

 

– Prioritize Your Needs and Wants

Proceed to list your needs and wants in order of priority. Please don’t let party tickets and trendy outfits come before your feeding and lecture materials. Make sure essentials are at the top of your list.

 

– Create and Stick to a Budget

It’s not enough to make a budget; it’s important to stick to it. Allocate your funds according to your prioritized list and ensure you follow your budget diligently to avoid unnecessary spending.

 

– Track Your Expenses

While sticking to your budget, be sure to keep track of every penny you spend. This will help you monitor your spending habits and make adjustments as needed to stay on track.

2. Try Thrifting instead of buying new:

Why pay full price when you can get quality items for less? Thrifting is budget-friendly and also environmentally sustainable. Between you and I, no one is going to know that cloth is not new. And after all, old cloth was once new and new cloth will become old.

3. Choose affordable fun and entertainment:

 You sure don’t have to break the bank before you have fun. There are plenty of ways to enjoy yourself on a budget. We know you like to have fun so enjoy campus events, take advantage of free or low-cost events organized by your university. You can also explore parks, go hiking, or have a picnic with friends; game nights with board games, card games, or video games are also a great way to socialize without spending much. At the end of the day, you’re still outside.

4. Build a small emergency fund for unexoected expenses:

Every extra penny you get shouldn’t always go to fun, put it in a small emergency fund, anything could come up like those lecturers that like to do the most with too many research materials and handouts.

5. Do a fun Challenge:

Try a “No Spend Week” where you only spend on essentials. Reward yourself with a small treat if you succeed, and no, don’t spend all you saved, it defeats the purpose.

6. Take advantage of student discounts, deals, and sales if you have to:

Same way you can take advantage of the discount and great interest Credlanche is offering for students who take up the feat to save and invest with them between September till December 2024.

 

Try these few tips and I can guarantee you a better cash flow

 

Ready to boost your savings and investments? Give us a ring or drop us a chat at (+234) 812-3778-399. Let’s turn your financial dreams into reality together!