How to Budget and Stick to It: Tips for Broke Students

Oya Tunde and Amaka, come and sit down. We both know why you’re here. You’re broke, and you need some help managing that small change you have. Don’t worry, we’ve got you! We’re going to teach you how to budget like a pro. Get ready to laugh, learn, and save that cash!

Step 1: Know Your Income

Let’s start with the basics. How much money do you have coming in? Whether it’s pocket money, side hustle cash, “Good morning, Daddy,” or the remnants of your last allowance, you need to know exactly what you’re working with.

“When you see your income on a price tag of a pair of socks.”

Step 2: Track Your Expenses

Ah, the painful part. Where is all your money going? Food, transport, data subscriptions, babe, that one party every month—write it all down. It’s time to face the truth.

“When you see how much you spend on shawarma every week.”

Step 3: Set Your Budget

Now, let’s create your budget. Divide your expenses into categories: food, transport, data, entertainment, etc. Allocate a reasonable amount to each category, but remember, food and transport are non-negotiable. You must waka and you must chop.

“When you realize you can’t budget for the new iPhone.”

Step 4: Cut Unnecessary Expenses

This one is tough but necessary. Do you really need to buy that extra pair of sneakers this month? Can you survive without ordering pizza every weekend? Be honest with yourself and cut out what you don’t need. Try dey chop for house, ehn brother/aunty.

“When you have to say goodbye to your Netflix subscription.”

Step 5: Save Before You Spend

Before you start spending your money, put a little aside for savings. It doesn’t have to be much—just something for those unexpected rainy days. Trust us, you’ll thank yourself later.

“When you manage to save N1000 and feel like Dangote.”

Step 6: Stick to Your Budget

This is where discipline comes in. Stick to the budget you’ve created. It’s tempting to splurge, but remember, the goal is to make your money last. No lose guard and resist the urge to overspend. If you no get money, your steeze go dey reduce every second.

“When you see a sale but remember your budget.”

Step 7: Review and Adjust

At the end of the month, review your spending. Did you stick to your budget? If not, where did you go wrong? Adjust your budget for the next month based on your findings. It’s all about learning and improving.

“When you realize you overspent on party clothes but still survived.”

Conclusion

Budgeting doesn’t have to be boring or painful. With these tips, you can manage your money better, remain composed with maximum steeze, and even have some fun while doing it. Remember, every naira counts. Stay disciplined, stay focused, and watch your savings grow.

What do you think, Gogoo fam? Have you tried budgeting before? Share your tips, experiences, and memes in the comments below!

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