Saving money during law school - Extremes

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shepdawg
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Saving money during law school - Extremes

Postby shepdawg » Wed Apr 21, 2010 6:20 pm

What are some extreme actions you plan to take, or are currently taking, to save money during law school?
living quarters...ect.

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cardnal124
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Re: Saving money during law school - Extremes

Postby cardnal124 » Wed Apr 21, 2010 6:22 pm

Only eating ramen and rice

edit: also smoking crack instead of snorting coke.
Last edited by cardnal124 on Wed Apr 21, 2010 6:24 pm, edited 1 time in total.

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pany1985
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Re: Saving money during law school - Extremes

Postby pany1985 » Wed Apr 21, 2010 6:23 pm

I'm holding off on hiring a butler until at least 3L

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nick637
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Re: Saving money during law school - Extremes

Postby nick637 » Wed Apr 21, 2010 6:24 pm

what is everyones expected COL?

I hope to take out and live on roughly 12k. I'm gonna need your prayers

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swc65
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Re: Saving money during law school - Extremes

Postby swc65 » Wed Apr 21, 2010 6:25 pm

cardnal124 wrote:Only eating ramen and rice

edit: also smoking crack instead of snorting coke.



That is simply too high of a price just to save a little money! There's nothing wrong with paying interest on your coke money!
Last edited by swc65 on Wed Apr 21, 2010 6:26 pm, edited 1 time in total.

Mr. Pablo
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Re: Saving money during law school - Extremes

Postby Mr. Pablo » Wed Apr 21, 2010 6:26 pm

nick637 wrote:what is everyones expected COL?

I hope to take out and live on roughly 12k. I'm gonna need your prayers

What are you expecting to get out of that 12k?

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jks289
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Re: Saving money during law school - Extremes

Postby jks289 » Wed Apr 21, 2010 6:27 pm

My husband is a PhD candidate planning on teaching, which pays roughly 35K a year. We are going to try to live almost entirely off his salary and modest savings, depending on the city we end up in. Yikes.

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TTH
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Re: Saving money during law school - Extremes

Postby TTH » Wed Apr 21, 2010 6:28 pm

jks289 wrote:My husband is a PhD candidate planning on teaching, which pays roughly 35K a year. We are going to try to live almost entirely off his salary and modest savings, depending on the city we end up in. Yikes.


This is pretty close to my situation. My girlfriend will (hopefully) have a K-12 teaching job next year and we hope to live off her salary.

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nick637
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Re: Saving money during law school - Extremes

Postby nick637 » Wed Apr 21, 2010 6:29 pm

Mr. Pablo wrote:
nick637 wrote:what is everyones expected COL?

I hope to take out and live on roughly 12k. I'm gonna need your prayers

What are you expecting to get out of that 12k?


everything

rent= 400/month
food= 80/month

books= 1500

leaves money left over for anything else i may need. Is this too much or too little

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jks289
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Re: Saving money during law school - Extremes

Postby jks289 » Wed Apr 21, 2010 6:30 pm

TipTravHoot wrote:
jks289 wrote:My husband is a PhD candidate planning on teaching, which pays roughly 35K a year. We are going to try to live almost entirely off his salary and modest savings, depending on the city we end up in. Yikes.


This is pretty close to my situation. My girlfriend will (hopefully) have a K-12 teaching job next year and we hope to live off her salary.


What city are you living in? At the moment I am deposited at WUSTL. I think it is totally doable in St Louis. But if I get off a WL and we end up in a big city it seems a lot less likely.

AtticusFinch
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Re: Saving money during law school - Extremes

Postby AtticusFinch » Wed Apr 21, 2010 6:30 pm

I won't be buying anything on this list http://www.oddee.com/item_88021.aspx

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jks289
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Re: Saving money during law school - Extremes

Postby jks289 » Wed Apr 21, 2010 6:31 pm

nick637 wrote:
Mr. Pablo wrote:
nick637 wrote:what is everyones expected COL?

I hope to take out and live on roughly 12k. I'm gonna need your prayers

What are you expecting to get out of that 12k?


everything

rent= 400/month
food= 80/month

books= 1500

leaves money left over for anything else i may need. Is this too much or too little


$80/month on food? How is that possible?

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nick637
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Re: Saving money during law school - Extremes

Postby nick637 » Wed Apr 21, 2010 6:31 pm

AtticusFinch wrote:I won't be buying anything on this list http://www.oddee.com/item_88021.aspx

except for the tequila right?

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Bert
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Re: Saving money during law school - Extremes

Postby Bert » Wed Apr 21, 2010 6:32 pm

nick637 wrote:what is everyones expected COL?

I hope to take out and live on roughly 12k. I'm gonna need your prayers


Depending on the city I commit to, I hope to live off about $15K - $20K a semester (being, rent, food, transportation, and other), but will be actively seeking any way possible to shave a couple bucks off.

Hey-O
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Re: Saving money during law school - Extremes

Postby Hey-O » Wed Apr 21, 2010 6:32 pm

I don't plan on doing this but if you are savvy and have the right ideas you can do this. My friend applied to organizations that provided students with loans at low interest rates. I think one was the fed gov't and the other was the Lutheran church. She then lived and paid tuition with one loan and invested the other in something safe. At the end she had earned enough money off of her loans to pay nearly pay them both off. Basically she was able to go to school nearly for free.

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Kchuck
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Re: Saving money during law school - Extremes

Postby Kchuck » Wed Apr 21, 2010 6:32 pm

jks289 wrote:
$80/month on food? How is that possible?



It isn't.

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nick637
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Re: Saving money during law school - Extremes

Postby nick637 » Wed Apr 21, 2010 6:33 pm

jks289 wrote:
nick637 wrote:
Mr. Pablo wrote:
nick637 wrote:what is everyones expected COL?

I hope to take out and live on roughly 12k. I'm gonna need your prayers

What are you expecting to get out of that 12k?


everything

rent= 400/month
food= 80/month

books= 1500

leaves money left over for anything else i may need. Is this too much or too little


$80/month on food? How is that possible?


i spend around that now. Its about shopping early in the morn or late at night to get marked down shit. granted, you have to be able to try new and varied food groups every week :mrgreen:
Last edited by nick637 on Wed Apr 21, 2010 6:34 pm, edited 1 time in total.

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JTX
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Re: Saving money during law school - Extremes

Postby JTX » Wed Apr 21, 2010 6:33 pm

I'm going to live in a van. down by the river.

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shepdawg
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Re: Saving money during law school - Extremes

Postby shepdawg » Wed Apr 21, 2010 6:34 pm

My sacrifice: Moving the family (wife and daughter) in with my in-law's, selling my beautiful '08 Tundra Crewmax and '09 Accord, riding a bike to school, no drinking anymore, and selling every bit of furniture and item of worth I have. The upside to all of it is that I will be living with a view of the Pacific Ocean on one side of the house, and a view of downtown San Diego on the other.

nick637 wrote:
everything

rent= 400/month
food= 80/month

books= 1500

leaves money left over for anything else i may need. Is this too much or too little

Too little. What city can you get rent for $400, or eat for $80? The average American now spends $17/day on food. Rent where I am going to school is $1300 for a studio.

bworsowicz
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Re: Saving money during law school - Extremes

Postby bworsowicz » Wed Apr 21, 2010 6:35 pm

nick637 wrote:
Mr. Pablo wrote:
nick637 wrote:what is everyones expected COL?

I hope to take out and live on roughly 12k. I'm gonna need your prayers

What are you expecting to get out of that 12k?


everything

rent= 400/month
food= 80/month

books= 1500

leaves money left over for anything else i may need. Is this too much or too little


I think you should be ok depending on where you are going to be living. I live in Ohio and I feed, clothe, and house myself, my wife, and my two kids on 350/week after taxes, which for a 17 week semester is about 6,000.

Hey-O
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Re: Saving money during law school - Extremes

Postby Hey-O » Wed Apr 21, 2010 6:35 pm

In UG I lived off $5,000/$6,000 per year. And I paid about $2,000 of that up front to cover what my student loans/scholarships didn't cover.

Looking back I don't know how I did it. I am going to try for $10,000 this year.

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nick637
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Re: Saving money during law school - Extremes

Postby nick637 » Wed Apr 21, 2010 6:35 pm

shepdawg wrote:My sacrifice: Moving the family (wife and daughter) in with my in-law's, selling my beautiful '08 Tundra Crewmax and '09 Accord, riding a bike to school, no drinking anymore, and selling every bit of furniture and item of worth I have. The upside to all of it is that I will be living with a view of the Pacific Ocean on one side of the house, and a view of downtown San Diego on the other.

nick637 wrote:
everything

rent= 400/month
food= 80/month

books= 1500

leaves money left over for anything else i may need. Is this too much or too little

Too little. What city can you get rent for $400, or eat for $80? The average American now spends $17/day on food. Rent where I am going to school is $1300 for a studio.


ive been looking on craigslist for studios in Cleveland.

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nick637
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Re: Saving money during law school - Extremes

Postby nick637 » Wed Apr 21, 2010 6:36 pm

bworsowicz wrote:
nick637 wrote:
Mr. Pablo wrote:
nick637 wrote:what is everyones expected COL?

I hope to take out and live on roughly 12k. I'm gonna need your prayers

What are you expecting to get out of that 12k?


everything

rent= 400/month
food= 80/month

books= 1500

leaves money left over for anything else i may need. Is this too much or too little


I think you should be ok depending on where you are going to be living. I live in Ohio and I feed, clothe, and house myself, my wife, and my two kids on 350/week after taxes, which for a 17 week semester is about 6,000.


ya, being in the midwest has its advantages

AtticusFinch
Posts: 81
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Re: Saving money during law school - Extremes

Postby AtticusFinch » Wed Apr 21, 2010 6:36 pm

nick637 wrote:
AtticusFinch wrote:I won't be buying anything on this list http://www.oddee.com/item_88021.aspx

except for the tequila right?


Can't make a margarita without it. :D

bworsowicz
Posts: 19
Joined: Wed Sep 16, 2009 9:19 pm

Re: Saving money during law school - Extremes

Postby bworsowicz » Wed Apr 21, 2010 6:39 pm

nick637 wrote:
shepdawg wrote:My sacrifice: Moving the family (wife and daughter) in with my in-law's, selling my beautiful '08 Tundra Crewmax and '09 Accord, riding a bike to school, no drinking anymore, and selling every bit of furniture and item of worth I have. The upside to all of it is that I will be living with a view of the Pacific Ocean on one side of the house, and a view of downtown San Diego on the other.

nick637 wrote:
everything

rent= 400/month
food= 80/month

books= 1500

leaves money left over for anything else i may need. Is this too much or too little

Too little. What city can you get rent for $400, or eat for $80? The average American now spends $17/day on food. Rent where I am going to school is $1300 for a studio.


ive been looking on craigslist for studios in Cleveland.


If you can't find a studio for $400 in Cleveland I will be SHOCKED.




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