University life was the start of my true adult life. I was working part-time and studying full-time. My parents started saving money since I was very little for my post-secondary education, so I didn’t have a student loan like some of my friends. Continuing to stay at home helped me save a lot of money, so I would give some back to my mom each month. She wouldn’t take much from me, because she understood that I had to enjoy life somehow.
My mother was still working and had put aside money for my textbooks. So, I would look for second hand text books from previous students or used book stores to save money. At the end of the year, I would sell back those text books and give my mother back the money. Very often, she would tell me to keep it as it was money that I had worked to save.
As a young adult, I continued to be frugal with my cosmetics and fashion choices. Slowly, I also became more aware of luxury brands and was very intrigued.
On one hand, I understood that I was only a student with a part-time job. However, on the other hand, I really wanted to enjoy some of the luxuries of life. I began to window shop at the large department luxury shops. Amazingly, I was able to even pick up huge designers brands at half off or more!
Contrary to many university students, travelling was not my first choice of spending as I had no confidence in travelling alone. Plus, I wanted to spend more time finishing university as much as possible. I even took summer courses so I could concentrate on each course better.
As a child, my mother taught me to always save a bit of money each month by investing into GIC’s at the bank. So, as I began to work, I made sure that I was putting money away in steady investments and life insurance.
I was growing my nest egg. The next target was focusing on housing.
To be continued…..