New college, new friends, maybe a new city even, but what happens when living in a hostel is not an option for seniors? How would you go about saving with your limited pocket money?
Here’s how my story began. Right after high school I had to shift away from my home town to pursue a dream course and mind you, this city was pretty far away. Never having fended for myself without family backing, I really had to count each dime before spending. First month in and I was quite happy in my little bubble of friends that consisted of hostel roomies and a handful of classmates. Ah, living in the hostel, so convenient, so ‘bath-free’!
Walking out of the room uncaring about my look, in my jammies right into the lecture hall in less than 5 minutes, was bliss! However this bliss didn’t last very long for I found out that post our first year, I’d be homeless! Apartment hunting was not on my preferred subject list…
So I caught hold of my two besties to start a house fund; Penthouse, flat, PG, whatever we may, we chalked out a plan as goes:
1. Buy a piggy bank…just kiddin’! We kept a 500$ target for each. #PinkPiggyBanksGalore
2. Every month we decided to put 10$ in that fund…so that made it 40$/month each for the next twelve months. #MathsFail
3. The round figure we found out was about 1500$ that we would save for a down payment on rent, furniture and other misc. products. #TooManyMisconceptions
Months came to pass and whilst we checked our piggy bank on the 12th month, we were broke! Oh the sweet lord, what DID we do with 1500$?! Thus we started our impending walk of shame back home, begging our parents for support.
So this was my #mysunny (a new apartment) which never happened…
So my advice to you would be to visit https://yoursunnyday.com/save-for-college in collaboration with SunTrust so that you can save for your ‘Happy Day’ and not always the morose Rainy days!
At SunTrust Bank their purpose is lighting the way to financial well-being. When you feel confident about your money, you can save for your goals and spend knowingly on what matters most to you. They know we all live for the sunny days and want to you help you live yours.
Subscribe to the Shine newsletter and receive inspiration and advice twice a month to help you live for a sunny day.
Visit the SunTrust resource center anytime for help achieving your financial goals.
This is a sponsored conversation written by me on behalf of SunTrust Bank. The opinions and text are all mine.
Views presented in the article are those of the author and not of ED.