Saving money for a PhD program
June 4, 2013 3:10 PM Subscribe
I'm entering a PhD program in statistics starting this August. I just finished off paying CC debt a month ago so I'm now starting to save up some money before I head out to California to start the program.
I'm fully funded, but I was thinking about saving $9000-11000 before my program starts (I currently work at a 65k/yr job). Has anybody else done something similar, and if so, could he/she tell me about how having some money buffer changed the grad student experience?
My other option would be, since I'm fully funded, enjoying my time traveling and doing fun stuff for a bit. Then I'd probably have a good 5000 to 7000 saved up instead of around 10000.
Just wanted to see your thoughts. What would YOU do?
posted by molamola to work & money (41 answers total) 3 users marked this as a favorite