Comments on: Savings Update: Last Day of School Edition http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/ Money issues for college students and 20-somethings, without being boring. Wed, 08 Feb 2012 11:22:41 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Stephanie http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-84228 Stephanie Sat, 09 Jan 2010 17:45:41 +0000 http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-84228 Hi Cory! Glad to hear the site is helping you. :) Do not worry too much about getting a small and necessary student loan in order to help you finish getting your degree. Student loans are not inherently a bad thing. They just get bad when you take on more than you should, like I did. A great thing to do is run a student loan calculator to see what your payments will be like, and how much money you'll need to make to comfortably afford those payments. I like this student loan calculator quite a lot: http://www.finaid.org/calculators/loanpayments.phtml Best of luck to you! Hi Cory! Glad to hear the site is helping you. :)

Do not worry too much about getting a small and necessary student loan in order to help you finish getting your degree. Student loans are not inherently a bad thing. They just get bad when you take on more than you should, like I did. A great thing to do is run a student loan calculator to see what your payments will be like, and how much money you’ll need to make to comfortably afford those payments. I like this student loan calculator quite a lot: http://www.finaid.org/calculators/loanpayments.phtml

Best of luck to you!

]]> By: Cory http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-84196 Cory Fri, 08 Jan 2010 22:08:00 +0000 http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-84196 Sounds scary. I've been going to a community college on and off for like 3 years (instead of high school), I've finished my first year for my AA and am just this quarter getting my first student loan so budgeting and financing is becoming a serious part of my life now that I'm literally putting my financial stability on the line for an education. [I decided to do it since I went 2 quarters w/ a 3.5+ average, last quarter I got a 3.85 avg. so now its time to be a responsible adult]. This site is motivation for me to find out how to budget myself and to stick to it. Sounds scary. I’ve been going to a community college on and off for like 3 years (instead of high school), I’ve finished my first year for my AA and am just this quarter getting my first student loan so budgeting and financing is becoming a serious part of my life now that I’m literally putting my financial stability on the line for an education.

[I decided to do it since I went 2 quarters w/ a 3.5+ average, last quarter I got a 3.85 avg. so now its time to be a responsible adult].

This site is motivation for me to find out how to budget myself and to stick to it.

]]> By: J. Money http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-72150 J. Money Wed, 04 Mar 2009 19:00:17 +0000 http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-72150 Oh man, soooo exciting getting out of college! Congrats :) Just hope you don't wanna get back in again after a year like i did! haha....man i miss it. Oh man, soooo exciting getting out of college! Congrats :) Just hope you don’t wanna get back in again after a year like i did! haha….man i miss it.

]]> By: Eric http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71655 Eric Sat, 28 Feb 2009 00:15:10 +0000 http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71655 Congrats! I am sure a girl as bright as you will do just fine. I found my first job about 2 months out of school at a bank. I would encourage you to pay off those student loans as fast as you can now that they have entered re-payment. I pay $150 per month to mine and they are not even in repayment yet. Congrats! I am sure a girl as bright as you will do just fine. I found my first job about 2 months out of school at a bank.

I would encourage you to pay off those student loans as fast as you can now that they have entered re-payment. I pay $150 per month to mine and they are not even in repayment yet.

]]> By: 2.26.09 Featured blogs of the day – Student Bloggers http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71622 2.26.09 Featured blogs of the day – Student Bloggers Fri, 27 Feb 2009 17:27:08 +0000 http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71622 [...] A student financial blogger assesses her economic state as college ends and the “real world,” with student loan payments and job hunting, begins. [Poorer Than You] [...] [...] A student financial blogger assesses her economic state as college ends and the “real world,” with student loan payments and job hunting, begins. [Poorer Than You] [...]

]]> By: studenomics http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71569 studenomics Fri, 27 Feb 2009 05:58:01 +0000 http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71569 Congrats on the graduation! You are making me jealous because I still have another year left. Or maybe even longer it depends on if I decided to take a year off to do an internship. Congrats on the graduation! You are making me jealous because I still have another year left. Or maybe even longer it depends on if I decided to take a year off to do an internship.

]]> By: Roger http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71534 Roger Thu, 26 Feb 2009 23:31:28 +0000 http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71534 Congratulations! It's a tough road, at times, but it's very satisfying when you are able to graduate. Good luck with your new snowball; hopefully, your brother's wedding won't be that expensive, and you'll be able to start putting money to the rest of your snowball soon. Congratulations! It’s a tough road, at times, but it’s very satisfying when you are able to graduate. Good luck with your new snowball; hopefully, your brother’s wedding won’t be that expensive, and you’ll be able to start putting money to the rest of your snowball soon.

]]> By: Stephanie http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71516 Stephanie Thu, 26 Feb 2009 19:12:13 +0000 http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71516 @theweakonomist: Oh, I do plan on upping the contribution, it's just that right now, my income is limited to my "side hustles" and freelancing. Also, my GE fund is a bit of an emergency fund. And if I have a real emergency, I have family nearby that would help me out, so I'm not worried about medical emergencies or anything like that. @Jessica: Yes, sadly, my GE fund only reached $1068 (it earned $2 in interest!). It doesn't make much sense to add to it now, so much as to just avoid drawing from it for as long as I can, and pay out of pocket for as much as I can. I definitely won't be buying any furniture, either! Thankfully, I've got a lot of hand-me-downs. @Les: Ugh, yes, the quarter system. I feel like I should have gotten two degrees by now! ;) And yep, I plan on walking, but mostly because my family is all local, and they want to go to the ceremony and all that. My boyfriend is also graduating with his Masters this May, so he'll be walking as well. Thanks to everyone for the congrats - it's good to be (almost) done! @theweakonomist: Oh, I do plan on upping the contribution, it’s just that right now, my income is limited to my “side hustles” and freelancing. Also, my GE fund is a bit of an emergency fund. And if I have a real emergency, I have family nearby that would help me out, so I’m not worried about medical emergencies or anything like that.

@Jessica: Yes, sadly, my GE fund only reached $1068 (it earned $2 in interest!). It doesn’t make much sense to add to it now, so much as to just avoid drawing from it for as long as I can, and pay out of pocket for as much as I can. I definitely won’t be buying any furniture, either! Thankfully, I’ve got a lot of hand-me-downs.

@Les: Ugh, yes, the quarter system. I feel like I should have gotten two degrees by now! ;) And yep, I plan on walking, but mostly because my family is all local, and they want to go to the ceremony and all that. My boyfriend is also graduating with his Masters this May, so he’ll be walking as well.

Thanks to everyone for the congrats – it’s good to be (almost) done!

]]> By: Les@spillingbuckets http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71489 Les@spillingbuckets Thu, 26 Feb 2009 14:03:41 +0000 http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71489 Hey, Congrats! The quarter system isn't easy, its the same amount of work in 2/3 the time. Are you actually going to walk in May or just get mailed the diploma? Hey, Congrats! The quarter system isn’t easy, its the same amount of work in 2/3 the time.

Are you actually going to walk in May or just get mailed the diploma?

]]> By: Jessica http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71485 Jessica Thu, 26 Feb 2009 13:01:32 +0000 http://poorerthanyou.com/2009/02/26/savings-update-last-day-of-school-edition/#comment-71485 Just wanted to cheer you on your snowbally way. I think it's a GREAT idea, only it somehow never ends up working for me. I think I need to quit with the CC so that I have extra money at the end of the week. Was 1066 the total that you ended up having in your GE fund or did it grow more than that. I know that when I was moving out that I went through my GE so quickly and I didn't end up buying a couch, table or computer chair. Thankfully I ended up with an unexpected windfall and money well spent on my apt :) Email me and I'll share pictures :) Just wanted to cheer you on your snowbally way. I think it’s a GREAT idea, only it somehow never ends up working for me. I think I need to quit with the CC so that I have extra money at the end of the week.

Was 1066 the total that you ended up having in your GE fund or did it grow more than that. I know that when I was moving out that I went through my GE so quickly and I didn’t end up buying a couch, table or computer chair. Thankfully I ended up with an unexpected windfall and money well spent on my apt :) Email me and I’ll share pictures :)

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