Money tips for apprentices

[fullwidth backgroundcolor=”” backgroundimage=”” backgroundrepeat=”no-repeat” backgroundposition=”left top” backgroundattachment=”scroll” video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” bordersize=”0px” bordercolor=”” borderstyle=”” paddingtop=”20px” paddingbottom=”20px” paddingleft=”0px” paddingright=”0px” menu_anchor=”” equal_height_columns=”no” hundred_percent=”no” class=”” id=””][blog number_posts=”” cat_slug=”” exclude_cats=”” title=”yes” title_link=”yes” thumbnail=”yes” excerpt=”yes” excerpt_length=”35″ meta_all=”yes” meta_author=”yes” meta_categories=”yes” meta_comments=”yes” meta_date=”yes” meta_link=”yes” meta_tags=”yes” paging=”yes” scrolling=”pagination” strip_html=”yes” blog_grid_columns=”3″ blog_grid_column_spacing=”40″ layout=”large” class=”” id=””][/blog][/fullwidth][title size=”1″ content_align=”left” style_type=”single” sep_color=”” class=”” id=””]Money tips for apprentices[/title][fusion_text]

As an apprentice sometimes the money sucks. 

Not only that but you’ll be going to school and while there you won’t be making any cash money. 

I’ve been there. 

Here are some tips and hacks I would suggest to make things a little easier financially as an apprentice.  Remember it won’t be too long before you start making journeyman wages and then it’s all about the Benjamins.

Have a budget and stick to it.

This is not just a tip for apprentices.  This is a tip for life.  If you don’t set up a plan for how your money is spent then you’re just going to spend it on whatever.  This is a dangerous position to be in because living without a budget and living with a credit card = long term pain.  This is a great site on how to set up a budget.

www.thisismoney.co.uk

Plan your meals out for the week.

If you don’t come up with some kind of meal plan you will end up eating out.  Not only is eating out more expensive than eating at home, it’s not the healthiest option either.  Every Sunday my wife and I plan out our meals for the week and go grocery shopping for the list.  We seriously save 500 dollars a month doing this.

Be so very careful with your credit cards.

If I could go back and tell myself something from this list it would be this one.  It is so easy these days to buy things with money you don’t have.  The problem with that is that you have to pay that money back eventually, and not only that, you have to pay a stupid amount of interest.  Things can spiral out of control very quickly and next thing you know you owe thousands of dollars that you can’t afford to pay back. If you can’t afford to buy it with cash don’t buy it.  Pay off your credit card every month.  Your future self with thank you.

Save some money during the year.

Put a bit of money aside when you are working.  This helps when it comes time to go to school and you either have no help coming or it is late coming.  It doesn’t have to be much but you would be surprised how awesome it is when it comes time to need it.  Even 50 buck a pay cheque will be over a thousand bucks by the time you go to school.

Buy used text books.

Even in trade school books are stupidly expensive.  Why pay full price when you can hop on Craigslist, eBay, or Amazon to find a used copy for a fraction of the price.  Also, talk to the instructor to find out what books he or she requires.  Just because it is on the list of “recommended” materials doesn’t mean that they are going to use it.

Now it’s your turn.

These are just 5 tips that I have.  I could almost write a book about ways for a trades student to save money (hmm maybe I will).  What about you guys?  Any tips or hacks you could suggest?

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Any questions or issue?  Email me.  I respond to each and every one.  I can be reached at chad@theelectricacademy.com

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Comments on Money tips for apprentices

  1. maral says:

    I really like the one about credit cards,good job Chad!!

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