Student sits on bed and makes a budget on her laptop.

Students Can Create a Budget In Less Than 10 Minutes

By: Neya Abdi | @neyaabdi 

Budgeting is the simplest proactive measure we can take to guarantee our financial security, but we don’t take it as seriously as we should.

A big reason for this is the lack of personal financial education in schools. Many of us simply aren’t taught how to handle our money by our parents. Unfortunately, our parents may not know what they’re doing either – the average Canadian has $21,348 in consumer debt, according to TransUnion. And about 56 percent of Canadians say they have less than $10,000 stored away in an emergency fund. Forty-four percent have less than $5,000 and 21 percent have less than a grand. Financial experts recommend having at least three months of expenses (the ideal is six months) tucked away to touch only in an emergency.

Making a budget doesn’t just allow you to save up for a trip; it allows you to save up for the unexpected as well. So why are a lot of us hesitant to create one?

It’s Not As Complicated As You Think

For people I’ve spoken to, the biggest reason they don’t make a budget is because they simply don’t know where to start. They don’t know whether they should be aggressively paying down their debt, stockpiling money to paying off their student loans, or living on only bread and water. So they abandon the process before they’ve even started. If you’re just starting out, here are two key pieces of advice:

  1. Don’t be extreme.
  2. Just get started.

Your budget is a flexible tool that you can adjust periodically to meet your financial changes. Create a budget that gives you room to buy the things you like and do what you enjoy. Your budget shouldn’t be a financial straitjacket. Prioritize so that you are giving up things you care less about in order to spend on the things that you enjoy.

On that note, just get started! Your first budget will not be perfect, and it will likely be a reflection of how idealistic and ambitious you are about saving money. Following a budget takes practice, so just start off simple.

Implement the 50/30/20 Rule to Quickly Make Your Budget

Uncertain about:

  • What to start saving for?
  • Whether you should tackle your debt first?
  • How much you should put towards discretionary expenses or “fun money”?

Start off with the 50/30/20 rule. It’s the budgeting rule of thumb. Only 50 percent of your income should be spent on needs (this includes rent, hydro, metropass), 30 percent on your wants, and 20 percent should go towards savings and debt repayment.

If you do not have to worry about rent because you live at home, then throw a couple of fixed “wants” in there like your phone bill. If you have the extra money, maybe start contributing a couple hundred dollars a month to your parents just to get into the habit of paying “rent”. But try not to consider your fortunate situation a free for all to allocate 80% towards wants instead of just 30%. You can even put some of that leftover money towards your savings.

It’s as simple as striking two lines across your paper and making three categories: Wants, Needs, Future. And then fill in the sectons accordingly. It’s a quick and simple process.

If you are spending too much on your needs, moving may not be an immediate option, so see where else you can shift your budget. The 50/30/20 rule serves as a no-brainer starting point that you can organically adjust to fit your personal situation.

Should I Pay Down My Debt or Build Up An Emergency Savings?

This depends on your current situation.

If you can only depend on yourself in case of an emergency (you can’t pay rent one month, you need a repair) work on building your emergency fund up first and once you have about three months, start chipping away at your debt.

If your basic needs are met and you don’t have to worry about your food or shelter, prioritize paying off your credit card debt. Interest rates on credit cards are very high and whatever interest you earn in a savings account will never outpace the money you lose paying interest on your credit card. Beat that down as soon as you can, and allocate a smaller portion towards savings.

Whichever option you choose make sure you ALWAYS MAKE YOUR CREDIT CARD MINIMUM PAYMENTS ON TIME!!! You can live with carrying a balance, but missing your minimum payments can very negatively impact your credit score.

Respect the Effort It Took To Make Your Money – You Earned It!

Setting aside a specific amount of money for eating out or shopping quickly teaches you the value of a dollar. You’ll quickly learn the price of that pre-made salad you casually buy and wonder whether it’s worth it when you can put a bit towards that dress you wanted to buy. And you’ll become much more aware of the hard work that went into earning that cash and be less willing to give it away.

To keep up with the latest articles about budgeting and personal finance, like our Facebook page or follow @todiscursive on Twitter & Instagram

The Power of Positive Affirmations for a Happy, Successful Week

By: Neya Abdi | @neyaabdi 

It pays to be positive. It’s been said that positive thoughts lead to positive outcomes, and a large part of changing your circumstances is about changing your attitude towards those circumstances.

Instead of waiting for productive change to happen overnight or for a supportive somebody to fall into your life, you can act as your own catalyst and your own cheerleader. Say affirmations out loud to yourself while you’re getting dressed in the morning or repeat them in your mind if you’re in a social situation where you feel less than adequate.

The great thing about affirmations is that they are unapologetic. They make no qualifications. We have a tendency to tack on exceptions to all of our positive thoughts or statements.

“I’m a great, funny person even though I’m a little annoying…”

“I’m gonna get a lot done this week, unless I wind up being lazy as usual and do nothing.”

Thanks in large part to their simplicity and straightforwardness, positive affirmations can be terrific for:

Boosting self-confidence.

Repeat as needed: “My high self esteem enables me to respect others and beget respect in turn.

We would never let others speak to us the way we sometimes speak to ourselves. If anyone ever told us we were a fraud, not beautiful, or not good enough, we would instantly become defensive.

If there is truth to a negative statement, repeatedly telling yourself that “you’re not good enough” is not doing anything to make you better. Identifying where you think you’re lacking and actively working towards bettering yourself (whether it’s as a student, friend, or employee) is the proactive (and preferred) approach to take. The beauty of affirmations about self-confidence is that you eventually try to live up to the positive things you’re saying about yourself.

Improving your work ethic and self-discipline.

Repeat as needed: “I’m the kind of person who just doesn’t stop until I reach my goal.

Student have a terrible habit of repeatedly saying that they are lazy, that they procrastinate, and that they are full of shit. I have been guilty of this, too. What’s the result? You end up in a situation where you constantly allow yourself to be lazy, a procrastinator, and full of shit.

Start telling yourself that you’re a hard worker, that you get things done, and that you follow through by finishing what you’ve started. Eventually, you’ll be compelled to make reality match your thoughts.

Letting go of debilitating emotions like jealousy and resentment. 

Repeat as needed: “I release and remove my envious thoughts.

You’ve heard the expression, “Resentment is like drinking poison and expecting the other person to die.” Resentment, jealousy, and all their relatives are not helpful emotions. They hold us back and convince us there’s something to make us upset even when we’re feeling mostly satisfied and fulfilled. Most people know this, and want to shake this, but find it difficult to let go of injustices they feel they’ve suffered or disadvantages they’ve had to contend with.

In cases like this, affirmations are like a salve you can apply to an irritating rash. Whenever you feel the green-eyed monster creeping up behind you or the burning fire of resentment, repeat a few positive affirmations to push them out of your mind.

Helps You Recognize Your Self-Worth and Right To Be Present.

Repeat as needed: “I am a well loved and well respected person.

How many times have you been in a class where you were convinced everyone was smarter than you? At a conference or networking event where it seemed everyone was more interesting and more outgoing? These are not helpful attitudes, and they can prevent you from demonstrating your worth and brilliance.

In instances like this, whenever the cold grip of anxiety starts grabbing hold inside your chest or you feel yourself tempted to run away out of fear that you are a fraud, take a deep breath and repeat a few of these affirmations in your mind.

And if you just need an affirmation to get you though this week you can always go for the all-inclusive:

“This week I will work hard, be happy, and forgive myself for any shortcomings.”

To keep up with the latest lifestyle articles and stories, like our Facebook page or follow @todiscursive on Twitter & Instagram

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10 Acts of Self-Care For Your Extra Hour on Sunday

By: Neya Abdi | @neyaabdi 

We often put jobs, school, and even friends ahead of taking care of ourselves. Presumably under the assumption that those other things will pay off towards our happiness in the end. But small personal sacrifices in the name of a happy boss or a perfect grade can add up, and even have a detrimental effect on our life goals. Embracing your Sunday by performing these ten acts of self-care can help set the tone for a relaxed, healthy, and fulfilling week.

1. Prepare Healthy, Delicious Meals for the Week

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Eating healthy is so much easier when you cook your meals in advance. Do all of your shopping and cooking Sunday afternoon to prepare simple, grab-and-go meals during the week. In fact, you can limit the amount of energy you put into meal prep and planning. Think about which foods you enjoy eating most and then decide to eat the same meals every day. You’d be surprised how much time this saves, and the amount of energy it allows you to put towards things you care more about.

2. Put on a Hair Mask or Conditioner (Especially If You Have Curly Hair!)

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It’s not the case for everyone, but Sundays are traditionally the laziest day of the week. Put either a store bought or homemade conditioning mask in your hair so it can soak up some essential moisture. Leave it in for as long as you think your hair needs while you do other things like prep meals or clean your room. Making sure your hair is moisturized and conditioned is especially important for keeping your locks shiny and luscious if you have curly hair.

3. Read a Non-School Related Book to Unwind

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When you’re a student and you have hundreds of pages of dense academic articles to read each week, it can be easy to forget that once upon a time you adored books. Find a book that you enjoy simply for the sake of the story and dedicate an hour to reading it. Even if it takes you a month of Sundays to finish one book, you have a weekly reminder that books don’t have to be a stressful word count you’re obligated to plow through, but an enjoyable afternoon as well.

4. Get Your Nails Done

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Nails are an underserved part of our personal appearance that others often judge us by. You could have an entire outfit perfectly pulled together, but if there is dirt under your nails or they are chipped and peeling you run the risk of failing to make a good impression on that date or interviewer. Quality nail care doesn’t require a trip to the salon and a tip. Simply keep them neat, trimmed, and filed. If you don’t care for coloured polish, put on some nail strengthening formula or a clear topcoat.

5. Do Some Stream of Consciousness Writing

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We can get so caught up in our day-to-day responsibilities that it can be easy to lose sight of the bigger picture. You may be stressing over an assignment that is worth 10 percent when there are bigger academic fish to fry. And at times we carry around a lot of anxiety without getting to the root problem of what is causing our distress. Dedicating a few minutes at the start of your week to writing your thoughts without worrying about sense, sentence structure, or punctuation, can help you get all your plans and worries down on paper where you can tackle each issue head on.

6. Take a Walk Around the Block

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Fresh air plus physical exercise is a terrific combo and a tremendous way to clear your mind. It’s also a fantastic way to explore your neighbourhood. You’d be surprised at how little you know about your community, especially if you often zoom in and out of the area to work or school. A half hour walk around the block can help you discover little local treasures and maybe even say hello to a neighbour for some much needed community connection.

7. Remind Yourself of Your Goals and Dreams

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You may have gone into Environmental Science with a dream to change the world by starting an NGO, but now you’re up to your ears in course work that it’s grown difficult to see the forest for the trees. Each Sunday, take a moment to reflect on your higher level macro goals. Taking a step back to remind yourself of what fuels your curiosity can help re-motivate you to tackle your week of part time jobs and essay writing.

8. Take a Free Class at Your Gym

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If you have a gym membership at a place like GoodLife there are a number of classes that come included in your membership. If you’re someone who doesn’t like directing their own workouts or has no clue how to use any of the equipment, find a Zumba class or a group cycling workout to get those endorphins flowing.

9. Prepare a Weekly Budget

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This is especially important if you just got paid. Decide how much you are going to spend that week before the week really starts. If you are at a complete loss as to how to allocate your money, use the budgeting rule of thumb: the 50-30-20 rule.

50 percent of your income goes to fixed, necessary expenses like rent, utilities, and groceries (although groceries can be a variable, necessary expense)

30 percent of your income goes to variable expenses like unnecessary groceries, eating out, entertainment, your cell phone

20 percent goes towards saving for your future or towards debt repayment

Doing this on Sunday can help ensure you go into the week with a more mindful, purposeful approach to your money that honours the hard work you put in to earning it.

10. Spend Some Time With Your Family

Whether we live at home or on our own, it’s amazing how little time we actually get to spend time with our families. They may drive us crazy, make us laugh, or give us a hard time, but at the end of the day they are the people we come home to (even if we don’t live with them). You can even combine quality time with your family with some of the other items on this list. Do a deep conditioning treatment with your mom. Some meal prep with your dad. Or even choose something as simple as watching a show on Netflix. It may seem small, but these cumulative moments of bonding will mean a lot later on.

To keep up with the latest lifestyle articles and stories, like our Facebook page or follow @todiscursive on Twitter & Instagram

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How to Organize Your Shit Before You Lose Your Shit

By: Neya Abdi | @neyaabdi

When I was in high school there were times I’d look at the disaster I called my room and think, “I would rather set everything on fire and be forced to start from scratch than organize this mess”.

As a procrastinating student and bookworm there were loose papers, crumpled notes, and books everywhere. In the last few years, my collection of shit has been considerably reduced – I find throwing things out therapeutic – but I still struggle with keeping an organized space.

I know exactly where all my important day-to-day items are, like my keys and debit card and my non-everyday important items like my birth certificate and my passport. But challenge me to hang my clothes up when I get home, for five days in a row, and I’d fail even with my life on the line.

Keeping a somewhat neat space is something I’ve had to work extremely hard to do. But I’ve developed five key strategies that keep me (relatively) organized. You know…so that I don’t have to turn to arson.

1. Survey the Scene of the Crime and Make a Spot for Everything

As with most valuable life lessons such as “be nice to others” and “keep your hands to yourself”, the most important cleaning lesson I learned was in kindergarten.

“Everything in its place and a place for everything.”

For instance, deeming your desk “the space for only school related items” is the simplest, but most helpful step you can take towards gaining some semblance of order in your bedroom or apartment. Do this for every spot and category of belongings. And by the way, the classification “school-related items” does not extend to your keys, hat, and wallet. Keep it tight.

In fact, if your living space has reached an almost tragic level of disarray, this can be a great way to start actively tackling your mess without feeling overwhelmed by the amount of work you have to do.

Sit cross-legged in the middle of the room with chips, chocolate, or whatever semi-legal substance makes this activity easier for you and start surveying your space. Mentally decide where everything will go. This way, when you start physically cleaning, you will think less about where everything should go and put things away in a semi-automated manner.

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2. Clear All Your Surfaces and Start Sorting

If your entire space is a catastrophe and you simply don’t know where to start, clear every surface and put everything on the floor.

If everything is already on the floor, you can skip right to the next step which is to start making obsessive piles. Clothes, school supplies (textbooks, crumpled syllabi), clothes, toiletries. Make general piles. Don’t worry about throwing things out or hanging anything up just yet. Make sure you desk, dresser, and bed are clear.

(Especially your bed. If you decide you’d rather die than continue cleaning, your bed will be there to help you make the less tragic choice and take a nap in between making piles.)

After this is done, grab a garbage bag and start thinning out the piles one by one. Don’t think about the next one until you have removed the unnecessary crap from one. Tackle the entire collection of piles in circuits, starting with only removing obvious garbage before moving on to making more difficult decisions. Seeing your progress with each rotation will help you gain momentum and feel encouraged.

Once they are all in manageable groups, put them in the assigned places you decided on earlier.

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3. Put Up All Your Clothes with the Hangers Backwards

Most of us are unwilling to let things go: grudges, old souvenirs…clothes we’ll never wear again. When we try to purge our closets we convince ourselves that one day we’ll need that item and decide to keep it, and so on and so forth until the entire purging exercise becomes pointless.

Maybe what you need is a little verification that you will never ever return to that “Betty White Is My Homegirl” shirt you bought six years ago. Go to that pile of clothes you made earlier and hang them all up with the hangers backwards (whatever you consider “backwards” for a hanger). Each time you wear something, when you hang it back up, turn the hanger forwards. After six months, any clothes that are still on a backwards hanger go to people who really need them.

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4. Clean At Night – Especially At The Beginning

You’ve likely heard people refer to the “harsh, cold light of day”. It is a hella accurate expression. Once you leave the flattering light of your bathroom and head out into the street, you get real verification of whether you’re looking fabulous that day. Natural light can be the best light, but it’s also the most brutally honest light and it’s unforgiving of flaws. So when you’re in the first hour of tackling your mess, don’t throw open the curtains or blinds.

This may sound counterintuitive, but natural light will make your pigsty of an apartment look ten times more hopeless. Every speck of dirt, crumb, or ball of hair will be exposed. You want to be able to see those things so you can tackle them, but not until later when you’ve already cleared the larger debris. While you’re organizing everything clean at night with the lights on and then once it’s time to do a deep clean get to dusting and polishing in the day when you’ve made enough progress to stay motivated.

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5. Make Your Bed, Make Your Bed, Make Your Bed

This one’s a cliché, but only because it’s so so so so necessary.

Making your bed gives you an instant sense of accomplishment and as the focal point of your bedroom – even if it’s not in the middle – it will determine the direction of your cleaning efforts by setting a standard. And if you’re cleaning at night you get the (almost) immediate satisfaction of falling into a beautifully made bed after your day of cleaning.

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To keep up with the latest articles and stories on organizing your life, like our Facebook page or follow @todiscursive on Twitter & Instagram

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