29 Oct 2017
Overview
  • Sure, having a job can be a neg sometimes. You miss out on events, you get razzed by wanky customers and you get exhausted after being on your feet all day. Buuuut, trust me. There are a TONNE of pros to having your own money that outweigh the cons by miiiiles. 💸
  • From being able to travel more to actually being able to splurge during date nights, here are just some of the many perks that come with having your own dosh!

If you haven’t got a job, you’re missing out.!! Here are 10 perks of having your own dosh to throw around: 💸

1. You wont have to rely on your ‘rents for cash

Say goodbye to begging mum for some cash before you go out with your friends and having to mow the learn to earn some extra dollars. Having your own money means you can spend it on whatever you want without trying to convince your parents it’s for a good cause.

2. No more saying no

Gone are the days of your mates asking you out and you having to say no because you’re low on funds. Earning your own money means you wont be caught short when something good comes up.

Plus, you’ll finally be able to buy all the things your parents couldn’t/wouldn’t get for you (Macbook Air I’m looking at you).

3. More travel

Earning your own cash means you’ll be another step closer to travelling. Whether you want to road trip up and down the coast of Aus, jump on a plane and head overseas on a contiki tour or backpack your way around Europe- earning your own money will make it happen.

 

4. Date nights

Date nights won’t be confined to a night in watching movies on someone else’s Netflix account (although this is actually a pretty good way to spend a night in). You’ll be able to afford to head out into the world instead of spending every Friday and Saturday night at home.

5. Netflix

When your mate who’s paying for the Netflix account you’re using finally changes the password/cancels his subscription/tells you to stop scabbing and pay for your own damn account you’ll be able to fork out the cash to start your own subscription and keep binge-watching episodes of How I Met Your Mother and Orange Is the New Black.

6. Savings for big purchases

A solid piece of advice that you’ve probably heard from you parents more than once. But starting a savings account early, and not spending it on day to day expenses (think maccas feeds or petrol) means while all your mates are struggling to scrape enough coins together for an overseas trip or a new laptop, you’ll have a handy little pile of savings to dip in to (warning: do not confuse these savings with your emergency fund).

7. Emergency fund

Again, something your parents have probably told you a million times but earning your own money will mean you can put aside some cash into a savings account for emergencies only. You’ll thank yourself when your car rego is due at the same time as insurance or when your uni course demands you buy ten brand new textbooks.

 

Now the world of money can be pretty frazzling and nobody ever really teaches ya how to actually use ya dosh in everyday life. That’s why we’ve teamed up with Westpac to give you the rundown on earning, spending, and saving your money in the big wide world. Suss out our academy FinLit to get around budgetting, tax, superannuation, mortgages... everything!! 💰💰💰