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When I worked in high school 50% of what I made went into an account for college expenses and 50% went to me to spend. This worked out well cause it allowed me to not work for a few years while at college. However, as soon as I got an apartment I had to work again to pay for all the bills you can ignore when you live in the dorms.
Now I am in a PhD program having to pay my way (hopefully not much longer) and all I can say is save a lot of money cause you never know when the school is gonna raise tuition or something bad like your car dying is going to happen. I had both happen and it really put a strain on me, but at least having the money saved up helped the burden of buying a new car and paying the tuition.
I now try to put 20% into savings and use the rest on bills, etc. Plus living cheap such as not eating out near as much as I used to and not going to movies has really helped.
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