Halloween teaches us valuable financial lessons like budgeting candy, but it’s not all gum drops and lollipops. A retailmenot.ca survey found that Canadians spent $1 billion on Halloween in 2015. In fact, the Halloween industry is so large that it can support retailers who are only open for the season.

 

According to Global News, the average Canadian spends $52 per person on costumes.T he cost of costumes rarely reflects the quality. So why shell out so much money? Save yourself from the frightening cost of a costume by dressing up as an iconic movie or TV character in plain clothes. Don’t let the cost of Halloween costumes scare you away this year.

 

4 Cheap Halloween Costume Ideas from Your Closet

 

For men:

 

Marty McFly from Back to the Future

You will need white sneakers, a jean jacket, blue jeans, a white buttoned shirt, an orange vest and a red t-shirt.

Quote: “Wait a minute, Doc. A… Are you’re telling me you built a time machine… Out of a DeLorean?”

 

Ace Ventura from Ace Ventura: Pet Detective

You will need to style your hair up and back in the iconic Ace Ventura style, a pair of black converse or boots, red striped pants or something similar, a floral pattern shirt, a white tank top and an ID card reading “Ace Venture Pet Detective”.

Quote: “That was close one ladies and gentlemen, of course in every contest, there must be, a loser. Lew-Who, Za-Her.”

 

For women:

 

Wednesday Addams from The Addams Family

You will need dark black mascara, a white collared blouse, a black long sleeve shirt, white stockings, a pair of black shoes and your hair in pigtail braids.

Quote: “I’ll stop wearing black when they make a darker colour”

 

Sandy Olsson from Grease

You will need red lipstick, a tight pair of black pants (preferably leather), a black shirt that shows off your shoulders and red high heels.

 Hang a leather jacket over your shoulder and do your hair to match Sandy’s to really sell this costume.

Quote: “Tell me about it, stud.”

 

Bonus: You can have a lot of fun dressing up as yourself in high school. Find an embarrassing photo of yourself and replicate the look.

A DIY costume will show off your creativity and make you the life of the party. Consider a costume from your closet before spending money at a retailer. The key to a great Halloween costume is making it fun, so memorize some movie quotes, dress up as your favorite character this year and save your money.

 

How to Ace Your Student Budget

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Heading off to college or university is a big milestone and a time that's filled with lots of excitement, and anxiety. Just like with most things in life, it pays to be prepared.

 

Studies have found that those who have a strategy for financial health save more money and are financially healthier. To avoid overspending, make sure you know what's coming in vs. what's coming out by tracking your spending to the dollar.

 

5 Tips for an A+ on your Student Budget:

 

  1. Make a budget and stick to it

Making a budget with the help of this student budget template is easy, sticking to your budget can be difficult. In the next points, I will show you how to make sticking to your budget simple.

 

      2. Put yourself on payroll

 

If you’re funding your expenses through a student loan, stay within your budget by paying yourself on a weekly, bi-weekly or monthly basis from your loan. By paying yourself on pay day, it will be much easier to gauge your spending and you will gain real-life experience in pay day excitement.

 

      3. Put money aside for your necessities first

 

Consider this scenario.

 

You check your bank account before you leave for the night and you see you have a few hundred dollars left. What you’re forgetting is that you haven’t paid for that utility bill yet.

 

You will avoid this by putting the money for bills in a separate place. Sometimes we’re in a rush and make mistakes, but segregating your money is a great way to ensure you’re never unintentionally tapping into your bill money for fun.  

 

         4. Track and review your weekly spending

 

A budget means nothing if you don’t follow it. Put all your purchases on debit, or keep your receipts. Take a few minutes every week to see how well you’re sticking to budget. Don’t forget to make any necessary adjustments.

 

         5. Draw a clear line between wants and needs

 

A 2:42am burrito isn’t filed as a grocery item. A late-night burrito is perfectly fine, if you have money left in your “Take Out/Order In” category from the budget template above.

 

Budgeting doesn’t mean restricting all spending to $0. Follow these tips and you will mitigate the stress of finance in your already stressful life. A good budget reflects what you can afford, or in some cases, what you are comfortable paying back once your university or college education is complete. Most of all, your well-planned budget makes your financial health better.