Today’s Guest Blogger is my daughter, Bethany Kay who will talk to us about ways millennials can live on their own successfully. I’m very proud of how financially savvy my girl is!

Bunny Jumping - Mar 2013

Blog #1: Busting out without busting the bank

When I graduated a year ago from Moody with a BA in Electronic Communications, I decided to stay in the city of Chicago until I found my next step. I loved being independent and living out of the house as a “real” adult. But I also knew I would not be living a life of luxury—the adult life isn’t cheap! There are tricks I learned along the way that helped me save money and stay afloat on my own.

  1. Don’t Pass Up Free Money: I was surprised how many of my friends didn’t send out graduation announcements to their friends and family. Well-wishers want to congratulate you on your accomplishment and will help you out a long the way as you begin this next step in life, often through monetary gifts. If you don’t want to spend the money at Jostens, use or to create your own announcements.
  2. Start Saving Now: It is never too early to start saving for after college. I started working two jobs my senior year and put most of the money away. Even though I didn’t have a huge cache, I was able to pay my deposit and rent for an apartment, and buy public transportation cards. It was a huge relief. I used a lot of the money saving tips before I graduated so I could save as much as I could.
  3. Roommie: I knew that as a recent graduate, I would never be able to live on my own in the city of Chicago. Getting roommates was a must. My mom says on entry-level or minimum wage earnings, you may need two, three or even four roommates to afford the deposit plus the regular monthly rent. For the first four months out of college, I lived with three other girls in 2 bunk beds in one room. It was great. And it was cheap.
  4. Just Say No: Rule of thumb, never get credit cards. I know it’s tempting to want to get 30% off your purchase, or be signed up for a chance to win an iPad, or two free trips on your favorite airline. Credit cards encourage you to spend money you don’t have. It is just smart to pay down debt, not make more. PayPal ( is also a great option to pay for items online.
  5. Shop the (Sales) Racks: Full price doesn’t have to be the only option! I always went straight back to the sales section in any store and would often find great deals. Also check out stores like Ross, T.J. Maxx, Marshalls, are great places to find name brands at Walmart prices. Shipping online also has its benefits. Use or to find coupons to save money on both in-store and online purchases.

What do YOU do to save money when living on your own?

Bethany Kay


©2016-2020 Ellie Kay


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