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Last Updated: BY Michelle Schroeder-Gardner - 15 Comments
We had a great time on vacation! However back to reality now. I start my classes today and I’m not super excited. I’m taking 12 credits this semester for my MBA, while also working full-time of course, so I will not have much time left.
This is also a good thing because I will most likely be saving money because I won’t have time for anything.
Last Updated: BY Michelle Schroeder-Gardner - 5 Comments
I am constantly trying to save and pay off debt, but every now and then a “splurge” happens or is “needed.” I just splurged on my vacation, and I’m going skydiving in a couple of weeks, so I’ll be splurging again. Since I save so much, I always say in my head that these splurges are necessary in order for me to keep my sanity.
What are your splurges usually on? Do you ever feel bad about them?
Last Updated: BY Michelle Schroeder-Gardner - 5 Comments
First you need to fill out your FAFSA form at FAFSA.org. The deadline to fill this out by FAFSA is in the beginning of each year. Also, you usually have to fill out a separate financial aid form for your school. The deadline for this is usually different, so I would check with each individual school.
However, if you cannot make it by the deadline, FAFSA will still accept it, as will most schools, so no need to worry. If you don’t fill out the forms by the required date though, then you might qualify for a smaller amount of loans, scholarships and grants because after that date, you basically qualify for what and any funds that are left. I have filled out my FAFSA and financial aids late before, and i noticed no difference in my scholarship/financial aid package though.
I received all of my scholarships directly through the school I attended. I received a scholarship package of $16,000 a year, plus some financial aid.
You can also receive scholarships through websites and private organizations. I have tried to apply for scholarships through private organizations, but I felt that for most scholarships, a lot of work was needed. They might want a very long paper, an invention, some sort of research project and so on. I am NOT saying these are a waste though. I have met many people who have received these private scholarships.
For masters programs, the schools in my area do not offer ANY scholarships or financial aid (besides loans) for any of their MBA programs. This is very upsetting because I got into all of the schools I applied to, and I didn’t know that masters programs only offer loans. This made the price of going to graduate school much higher than for my undergraduate degrees.
Some websites that I would check out are:
Have you had any luck with receiving scholarships outside of the ones that your school gave you?
Last Updated: BY Michelle Schroeder-Gardner - 9 Comments
Like I’ve said before, I love DailyWorth. Here’s an interesting article about different savings accounts.
Do you have different savings accounts for different reasons?
A: You need at least three active savings accounts.
Curveball fund. Automatically transfer at least 5% of every paycheck, to cover random expenses (a lapse of reason at a yard sale, a broken toaster).
Emergency fund. Ditto, but only tap this in a true do-or-die crisis. When they say, “Save three to six months’ worth of living expenses,” this is where it goes.
YouNameIt fund(s). Set up at least one other account for a looming goal or project: a cushy reading chair for the bedroom, a holiday party (or getaway from the parties), adopting a child.
I only have an emergency fund, which I consider a fund for ANY type of emergency. It could be a potential job loss, unexpected bills, risen expenses and so on. Ever since reading DailyWorth, I feel like I’m the only one on the website who doesn’t have multiple accounts.
Your turn: How many do you have? Do you feel like it’s necessary?
Last Updated: BY Michelle Schroeder-Gardner - 6 Comments
Due to the economy, many people have had to trim their budgets. Have you done any trimming? I bet most of you have. Here’s an article about trimming some items in your budget.
Here’s another good article about budgeting and money dilemmas.
Here are some of the things that I have lowered recently:
Your turn: What have you done recently to save money?
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