Meet our Kiboo’er of the Week – Matt from Hofstra University. Between work and class, he tries to make the most of college life by going to concerts and chilling with his Sigma Alpha Epsilon fraternity brothers.
Matt has no regrets when it comes to spending on music festivals like ULTRA. However, nights out and some extreme purchases have left his wallet feeling a bit empty.
How would you grade yourself in terms of money management? (A = you watch each cent; B = you have a budget; C = you have an idea of your balance; D= you spend without really knowing what you have.)
I would definitely go with a C-. I wouldn’t say I’m a great saver because most of my paychecks are gone within a week. I could definitely do better when it comes to my spending habits.
What’s your biggest spending weakness (i.e. Video Games, shoes, etc.)?
Going out. I’ve gotten to the point where I only take out the minimal amount needed for the night to avoid overspending.
What’s the most embarrassing thing you’ve ever paid for?
I would say the most embarrassing was a ridiculously expensive hunting bow that I never, EVER used.
What is the biggest thing you’re currently saving for?
I’m saving up money so I can start paying off my loan debt when I graduate.
Why do you think Kiboo is important?
Kiboo is important because it allows me to see what I can cut back on, and what I can spend more on.
What’s your advice for someone using money for the very first time?
Think about what you intend on purchasing, and question its value. If it’s not worth it, don’t buy it!
That hunting bow does sound pretty awesome, Matt… but a little off target. You may have been happier saving up for some Bonnaroo tickets.
And for those of you who want to spend, save and give your money better, get started with Kiboo.