Broke-Ass Student Essential: The Art of Budgeting

budgeting, money, savings, students

I can already see you yawning but believe me Broke-Ass Student life is SO much easier if you know how to budget what little money you have. You may even be able to SAVE (gasp, save money?!) yes save.  Budgeting sounds like a lot of work right? Wrong. Technology has made it easy for us, there are so many different websites that offer. Mint.com is a website that literally does the entire thing for you: it keeps track of all of your spending, categorizes it for you, analyzes it and alerts you if anything is amiss, like if you’re spending more than you’re earning (Guiltyyyyy). If you use the full functionality of the site, it can keep track of everything from where most of your money is going to on your credit card and rent. And it’s FREE.

Screen Shot 2014-10-21 at 8.50.28 AM
https://www.mint.com/ makes it so easy it so easy to keep of every dime and make money decisions you feel good about! You can set goals, whether it be a new car (you’re obviously not that broke) or get out of debt (that’s better) just enter how much money you need, set a date and link your goal to specific accounts so it’s easy to stick to your plan. It has visuals as well so you can keep up to date and track your progress.

Screen Shot 2014-10-21 at 8.48.24 AM

Goals give you something to look forward to, so you keep saving money, creating new goals and enjoying the rewards.

Mint.com provides you with so much detail!! It will automatically separate a $102 ATM withdrawal into $100 cash and $2 fee. And you can easily separate out purchases from one transaction into different categories, just in case you buy groceries, clothing and gifts all at one store.

And these are just SOME of the tools available, you can track your investments, set alerts for bills, you can also get the app which means you can see where you’re money is going while out and about.

Watch the tutorial video below to get a little more insight:

And remember it is FREE! Happy budgeting y’all.

-KL

Advertisements

Where to find cheap eats every day of the week:

cheap, food, restaurants, savings, students, Sydney

This blog post is for the Broke-Ass Students currently residing in or visiting Sydney, Australia.

food-glorious-food

Monday: “Muchos Nachos Mondays” at The Norfolk in Surry Hills. For just $10 a plate, nachos-lovers can choose from 4 spectacular flavours including: Tijuana pulled pork; vegetarian redneck; buffalo chicken; or the American classic. Wash it down with $10 mojitos all night long

Tuesday: Flying Fajita Sisters in Glebe serving up $3 tacos and $3 Tequilas but if you took advantage of the nachos at the Norfolk on Monday and you’re not feeling like Mexican 2 days in a row you can head to The Soda Factory in Surry Hills serving $1 gourmet hotdogs, yes you read that right, $1!! Choose from: The Frank Sinatra, The Buffalo Bill, The Texas Redneck, Bobby’s Bogan Dog, The Don Draper or The Yoko Ono for $2 (V).

Wednesday: “Wong Tang Wednesdays” at Jonny Wongs dumpling bar in Darlinghurst you can buy as many $1 dumplings as you can fit into your ever expanding tummy. Choose from: Pork, prawn gow gee, chicken and water chestnut and vegetarian. Or head to The Passage, also in Darlinghurst for $4 sliders.

Thursday: “Steak Night” at the Roxbury Hotel in Glebe gives you a decent sized steak and sides for just $10, plus you get to listen to some quality live music while downing your perfectly cooked red meat.

Friday: 1kg of chicken wings for $10!! Yep, $10. Head to the Abercrombie Hotel in Chippendale for a bucket of juicy chicken wings. Definitely bring some friends with you, the 1kg goes a long way.

Saturday: Before you hit the town head to Pontoon Bar in Darling Harbour for $9.90 beef burgers, steak sandwiches and other meals across the blackboard menu. If that doesn’t tickle your fancy try Pie Tin in Newtown, they have a range of savoury and sweet gourmet pies, served with 2 hot side for just $11!

Sunday: Who can go past a Sunday Roast, especially when it is only $10! P.J. O’Briens in the CBD is offering your traditional roast and sides with out the prep, cooking and clean up. Sounds pretty good to us. If you’re looking for something a little less traditional head to The Workers in Balmain for you Sunday sesh, they have $4 sliders and ciders to help you forget you have to go to work/university the next day.

Everyday: There are plenty of places offering cheap eats everyday around Sydney head to Happy Chef or Ichi-ban Boshi (various locations around Sydney), Ryo’s in Crows Nest or The Snag Stand. For more cheap eats head to The Urban List: http://www.theurbanlist.com/sydney/a-list/50-cheap-eats-sydney-under-10

You can keep your tummy happy for minimal dosh everyday of the week.

Comment below any you think we should add to the list.

-KL

Why IKEA is the go-to destination for Broke-Ass Students moving out of home

cheap, furniture, money, savings, students

Okay so their big ticket items, lounges, cupboards, dining tables etc. are still not the cheapest and if you’re a truly Broke Ass Student we’d still recommend jumping on eBay or Gumtree to grab some things second hand, however IKEA’s smaller items; crockery, cutlery, storage are awesome quality and fit perfectly into the BAS budget.

There’s a good chance if your moving out of home you are moving into something significantly smaller. This is where IKEA’s storage options will have you screaming ‘Hallelujah’! Not only are they stylish but they’re awesomely priced also!

Screen Shot 2014-10-19 at 8.15.09 AM

Screen Shot 2014-10-19 at 8.15.34 AM

All these options allow you to hide your shits and pieces for less than $20!

TUPPERWARE! If you haven’t seen the infamous green-lidded food containers well it’s time to head to IKEA. You get 17 items for just $4.79. There you go, all your food storage issues are solved.

Screen Shot 2014-10-19 at 8.35.25 AM

If you’re still struggling to find some second hand big-ticket items online IKEA is definitely your second port of call, I mean, the cheapest bed frame is just $39!! HOW DO THEY MAKE A PROFIT ON THAT?! Your entire bedroom needs in one place; you can get cute bedside table lamps for just $9.99 and the NATTLJUS bed linen for $14.99.

You can get the FÖRNUFT 24-piece cutlery set for just $9.99! “I don’t need enough cutlery for 6 people” I hear you say, well if you’re going to be like that then head somewhere that sells separates (K-Mart maybe) and have fun doing lots of washing up ;). You can also get a 6 pack of glasses for $1.99 and the DINERA plates for just $1.99 each!! Okay, I’m beginning to sound like a LOWES ad (If you’re not Australian: http://www.youtube.com/watch?v=WdwK_4nef_s).

Anyway, if you’re a BAS about to move out of home we strongly suggest heading to IKEA for your basics – you will not be disappointed. (Unless you don’t have a car, in that case you’ll be severely disappointed at the amount of things you want to take home but can’t carry/fit on the bus).

-KL

Cheap eating – Recipes for Broke-Ass Students

budgeting, cheap, food, money, savings, Uncategorized

chickenenchilada_acererak

Sometimes it can be difficult to think of recipes each night of the week! It can be even harder to think of something delicious, nutritious but still cheap! Jump onto http://studentrecipes.com/ to find a range of cheap recipes for students.  Founded in 2004 by first year university student, James Bailey, it has many quick, easy and most importantly CHEAP recipes. Some are healthy, some are not so healthy. You can search for recipes via meat choice, for snacks, for parties and there are vegetarian options (eating vegetarian was one of our 10 Money Saving Life Hacks)! Here’s to delicious and cheap food.

Some of our favourites include:

Spicy Chicken Enchiladas:

http://studentrecipes.com/recipes/chicken/spicy-chicken-enchiladas/

Banana & Dried Fruit Breakfast Loaf:

http://studentrecipes.com/recipes/healthy/banana-amp-dried-fruit-breakfast-loaf/

Healthy Moroccan Stew:

http://studentrecipes.com/recipes/healthy/healthy-moroccan-stew-1/

– KL

10 Money-Saving Life Hacks Every Broke-Ass Student Should Know

budgeting, cheap, food, money, savings, students

1312045863875_3418558

1. PAY WITH CASH – that thing called “science” has shown that people are more likely to buy something when using a credit or debit card instead of cash. Try taking out a (reasonable) lump sum of cash at the beginning of each week and only using that for the whole week instead of your card.

2. Before you go shopping consult a coupon website – yes we get that even though your broke as shit you do not want to look like a stingy hobo but WHO CARES? The stores put out these coupons for a reason, for YOU the consumer, to go to their store and use them. Our recommendations – Groupon, Scroupon, The Living Social.

3. Spotify – If you don’t have an account get one NOW. Spotify is possibly the greatest digital music service you could ever download. Imagine having a music library that has pretty much every single song you could ever want. You can get the free version on your computer and mobile (but listen to a couple of ads every so often) or you can get the paid version. You can also create collaborative playlists with friends. Did someone say Mexican Dance Party Remix?

4. Buy a coffee machine – Okay so this may seem like a huge amount of money to fork out but think of it as a long term investment, you can buy a semi-decent coffee machine for just $150. Buy a reusable cup and you’ll also be saving the environment while saving your wallet.

5. Eat like a vegetarian at least once a week – Already I can hear some of you saying “pffft as ifff” BUT I promise you that you can have a cheap, tasty-ass meal without meat. Do it twice a week and you’ll notice the difference in your grocery bill. Head to the FOOD section of the blog to find cheap and easy recipes (both vegetarian and non-vegetarian for those who insist on eating meat daily).

6. GUMTREE, GUMTREE, GUMTREE- Whatever you need check Gumtree first. White goods (washers, dryers & fridges) are well priced and usually still in pretty good knick.

7. Use generic prescriptions – So many prescriptions come in generic form now. You can save HEAPS by using them—just check with your doctor first.

8. Learn to say NO – do you really need that extra large jar of Nutella to get you through the week? Enough said.

9. Buy neutral clothing – Wearing black, white, and grey clothes means that you can mix and match easier without having too many different outfits.

10. Daily deals – Research to see where does cheap steaks on Monday, $3 beers on Thursday, 2 for one Tacos on Friday, and student discounts… Well, I guess that’s what we’re here for. Check here regularly fellow Broke-Ass Students.

-KL