Before I came back to school, I thought living like a student would be, well, not a piece of cake, but it wouldn’t be too hard. After all, I always been a saver (albeit with a shopper trapped inside!). It’s been two-and-a-half month since my last paycheck, and I have to be honest: it’s been
a little difficult making the transition from income-generating young professional to poor graduate student. One day, my friend made a joke that we forget we don’t have an income anymore. That comment was said in jest, but it rang a little TOO true for me. I know I don’t have an income and cannot spend like I do, but it’s hard to actually put that knowledge into action…
First, there was all the expenses of setting up house. Now, I am planning to buy a car in the next couple of weeks. Interview season is coming up, so there are attending wardrobe and travel expenses for that. And of course, there were those bags…Even though my living expenses are quite reasonable at $650 per month and I try to bring my lunch to school everyday, all these little and not-so-little expenses (books, flights, interview prep materials) are relentlessly boring a hole into my budget. Instead of wrapping my head around this concept of “all cash outflow, no cash inflow,” I felt as if I’ve purchased every stylish dress I’ve seen at J.Crew, Banana Republic, and Ruelala. Productive? No way.
No matter. It’s time to finally get back on track and remind myself of the personal finance blogger I used to be! Speaking of blogging, I’ve been missing in action lately because of all the school stuff. But I’ve realized that I need this blog (and you guys!) to keep me accountable. So I’m committing to a 3-times-a-week posting schedule, and hopefully that discipline will translate to my budget as well.