Learning how to economize small incomes is becoming more and more difficult, especially for younger people who may still be studying. Students find it especially difficult for their lifestyle has changed considerably compared to the one they were used to when living with their parents.
It is important to realise, that unless you are working full time for seven days a week this lifestyle is not yet possible, so you will have to make a radical change in your style of life if you want to keep out of debt and save some money for extras. It will take time and patience to achieve what your parents and family have, try and learn to appreciate the new activities you can afford, think that it is with your own money that you are buying something or going somewhere, this will render experiences all the more exceptional.
A good method for preserving your finances is by cashing your cheque and taking out the amount needed for paying bills, then try and put away some for savings and use the rest for your weekly activities. You can keep a better control on your money by using cash as opposed to credit cards, for you will have a visual control over your expenditures.
Only buy things you really need do not have people convince you that you need more than you actually do. You can create a wish list where you write down those things you would really like to purchase and their price, in order to get a better perspective over your actual needs and your whims.