Crush Your College Budget with the 50/30/20 Rule

Hey Roomies!

Do you feel as if managing money in college can be sometimes tricky? Between rent, random cravings for that late-night run to McDonalds, and that Starbucks habit, your wallet might feel like it’s taking a huge blow. But what if I told you there’s a super simple way to keep your cash flowing, still have fun, and even save for the future?

Enter the 50/30/20 Rule—the ultimate budgeting hack for students! 🙌

The 50/30/20 Breakdown:

💡 50% for Essentials:

Half of your income (whether it’s from a part-time job, side hustle, or allowances) goes to the stuff you need to survive. Think rent, groceries, bills, textbooks, and that sweet, sweet Wi-Fi. It’s your adulting fund!

🎉 30% for Fun:

Yes, this rule actually wants you to have fun! Set aside 30% for the things that bring joy—whether that’s going out, eating takeout, grabbing a coffee, or splurging on something you’ve had your eye on. It’s like permission to treat yourself... without the guilt.

💪 20% for Savings:

Here’s the part where future-you wins. Save 20% for emergencies, that summer road trip, or post-graduation life. Trust me, even a little goes a long way. You’ll thank yourself when your bank account isn’t empty before finals week!

Why the 50/30/20 Rule Works:

• It’s simple: No need for crazy spreadsheets or complicated math. Just plug in your numbers and go.

• It’s flexible: Whether you’re making $100 a week or $1,000, the rule adapts to your income and priorities.

• It’s balanced: You don’t have to give up on fun to save money. It’s all about balance—spend smart, save smart!

Tips to Make It Happen:

• Track Your Spending: Use apps like Mint or YNAB (You Need A Budget) to monitor where your money’s going.

• Automate Savings: If you can, set up an auto-transfer to a savings account so you don’t have to think about it.

• Adjust as You Go: Life happens. Some months you might need to spend more on essentials, and that’s okay! The goal is to make progress.

Whether you’re trying to save up for a spring break trip, avoid running out of money mid-semester, or just feel more in control of your finances, the 50/30/20 Rule is a total game-changer. Try it out this month and see how it feels! You’ll be amazed at how much more in charge you’ll be of your money.

Until next time,

Benita