Who else is waiting for ‘Student Loan Payday’?
It's August, which means that it's tuition time for the many of us heading back to school.
*GULP*
Over the next few weeks, the loans I am borrowing will be disbursed to my university to pay off the tuition and fees I owe as I continue my education. Once I have settled my bill with the school, the remaining funds will be deposited into my bank account in a ceremony I affectionately refer to as "Student Loan Payday."
Let's face it, getting a degree is expensive, and many of us need to borrow money just to cover our cost of living. Here in the San Francisco Bay Area
, that burden is especially high. I am eagerly awaiting the additional money in the bank so I know I'll be able cover all of my expenses for the next few months!
The kicker about "Student Loan Payday" is that it only comes about once a semester, which means you have to figure out how to make those funds last. Creating a budget—and sticking to it—is crucial to making that happen!
What tips do you have to help stretch your student loan dollars?



Comments
Lots of Mac & Cheese & Ramen Noodles! Seriously, just stay away from shopping malls and stick with purchasing only necessities is helpful. I've realized how much 'stuff' I buy that I don't need and if I just refrain from doing this I don't need to worry about the bank acct...as much anyway. It's okay to splurge on yourself now and again but definitely not as frequently as when you have a paycheck every two weeks.
Posted by: Student | August 15, 2007 05:29 PM
Stick that money in an online savings account, so that A) it earns a bit of interest over the semester and B) you're less likely to use it on frivolous things, since it's a bit harder to get at.
Posted by: Steph | August 23, 2007 04:57 PM
Smart advice, Student and Steph. :) Thanks for sharing!
Posted by: Staci Schiller | August 24, 2007 08:28 AM