Adulting is hard. And expensive. I’m quite sure that if everyone over 18 was rounded up and asked what their biggest problem was, a good number of them would point out money as their biggest problem.
When in school, a popular trope Is that students are always broke and that their allowances and other incomes are depleted within days of hitting their accounts. This trope is mostly correct and doesn’t end when adulthood begins. In fact, some would argue that it gets worse with adulthood. Besides the essentials like rent, healthcare, transport etc, there are a number of smaller things that contribute to depleting pockets.
1. Lunch: Yes, you read that correctly. Lunch. Now, it might not seem like a big deal, but lunch is one of the easiest ways to go consistently broke. Now, take a look at how much you spend on lunch. Multiply that by 22. That’s how much lunch is costing you a month. Because it is done in bits, it might not seem like that much but when you look at the bulk cost, it can really make you rethink the fast food you purchase every day at work.
2. Data: we live in the digital world where being connected to the internet is an absolute necessity. As such, spending on data is a must. However, data usage can really pile up if not monitored because data usage is a constant process. This can lead to you having to renew your plan several times a month. To avoid the inconvenience, determine just how much data you need (pretty much all phones have this option) and set a limit (daily or otherwise). This keeps your usage in check and prevents unnecessary usage.
3. Hair: don’t get us wrong, over at Genevieve, we are advocates for all things fabulous, but you have to take into account just how often you get your hair done, and at what cost. We all know that woman who gets a fabulous new ‘do every week. While she looks fabulous, you have to wonder just how much damage her fabulosity does to her bank account. We suggest investing in a bit of DIY knowledge (you can find a lot of tips on Geneviemagazine.com)
4. Subscriptions: take a moment and ask yourself all the paid subscriptions you’ve signed up for. Gym memberships you hardly go to. TV subscriptions even though you don’t watch TV anymore. Health packages you don’t pay attention to. Paid services that are renewed every month need to add value to your life. If not, why do them at all? These must be reviewed on a monthly basis and anything them that isn’t useful should be scrapped.
5. Impulse Purchases: it happens to everyone: you go to a store to pick up one or two essential items an end up buying a basket full of stuff that you want. Stores even play into this by arranging small, low-cost items on mini shelves near the check out point. They might seem like small items, but after buying a few dozen over the course of a month, the cost can really add up. It’s best to exercise self-control and purchase only what is essential and on your shopping list. If you can’t resist the temptation to buy things in store, order your groceries online.