Budgeting in grad school 🥳
One of my major tips about saving and spending as a student is to shop second hand and follow a budget!
I have done a few things to help my relation with money since starting grad school, like having 3 separate checking account for different types of things. One for my apartment, a personal checking and my art account. This helps with taxes later on and overall spending habits.
Anyways these are two items I really wanted and needed that I got off of Facebook marketplace. The pencil was $40 and the keyboard was about $55 vs. both items that are $100+
Budgeting during graduate school can feel overwhelming, but with the right strategies, it can be manageable. One of the key tactics is adopting the practice of shopping second-hand. Platforms like Facebook Marketplace and thrift stores offer incredible deals on essential items, significantly reducing costs. Additionally, maintaining separate checking accounts can help you organize your finances effectively. Consider allocating funds specifically for bills, personal expenses, and savings to avoid overspending. Creating a detailed budget plan will also encourage you to track your spending habits and identify areas or items where you can cut back. Additionally, utilizing budgeting apps can simplify this process, allowing you to visualize your financial situation in real-time. Prioritize your spending by distinguishing between needs and wants, which will help you make informed decisions. Engaging in free or low-cost events on campus can also be great for enjoyment without breaking the bank. Remember, the goal is to create a financial plan that supports your education and lifestyle while minimizing stress. By following these strategies, you can achieve financial stability during your graduate studies.