If you have attended a little college or are a graduate, you can understand why a decent amount of people cannot let go of their college life, even after they graduate. The four short years or partying and bar hopping becomes a routine for some. Once they are out in the real world, it takes some time to realize that they cannot go out partying during the week like they could in school.
Having a real job requires that you maintain a level of responsibility that most college kids are not used to. You will need to stick to a strict schedule and go to sleep early, wake up early and get to work on time. For this reason alone, it is nearly impossible to go out partying every night as it will catch up with you. On top of all of this is the financial burden it can place on you. College life is cheap, while food, booze and going out in the real world can seriously add up. Here is some great information about how the new grads and anyone who recently jumped into the real world can budget properly and not fall into the deep end.
According to stateuniversity.com, college students spend about $11 billion each year on snacks and drinks like booze and coffee. They spend $5.5 billion on alcohol alone. While in college, many students develop cheap habits. They get used to going to bars that offer $1 drinks and $2 beers and restaurants that have slices of pizza for less than a gumball. What most of them don’t realize is that this does not exist in the real world. Most cities have drinks for a minimum of $10 and food is not cheap either. The party weekends will end up costing hundreds instead of 10’s of dollars. This is why it is important to budget and plan accordingly as it very easy to run out of money right out of college.
Think about this scenario. After one party weekend, you could easily have spent $150-$300 having fun with your friends and family. If you do this every weekend, you are looking at well over $500 a month. That can put a serious dent in your wallet. Even if you have a great job and are making a good amount of money right out of college, that’s a lot of money to spend and you will know it when those credit card bills arrive.
So, we all like to have fun and go out and spend time with our friends. However, if you are serious about becoming an adult and learning to be responsible, you need to consider saving a substantial amount of your paycheck and not blowing it at the bars. It is very hard for a lot of college kids to adopt this new found responsibility after college, but for those who do, it pays off big time.