Description: This guide walks you through exactly how to create a line-item budget, starting with your gross income and accounting for your taxes, monthly expenses, and non-monthly expenses, including your goals. It encourages you to categorize every expense as fixed or variable, regular or irregular, and necessary or discretionary. The guide includes answers to five frequently asked questions about grad student budgeting.
Word Count: ~ 4,900
Price: $2.99 through Amazon
Description: This workbook helps you discern your own top life values and shows you how to use those values to both set financial goals for your time in graduate school and adjust your budget to optimize your use of money. Example goals for different stages of a grad student’s financial life are provided as well as how to properly formulate goals to make you more likely to achieve them.
Word Count: ~ 5,600
Price: $4.99 through Amazon
Description: Frustrated by continually facing non-monthly expenses that were difficult to cash flow on her stipend, founder of GSF Emily Roberts hit upon a solution that both eliminated the stress around irregular expenses and provided unexpected benefits. This guide shows you why and how you should implement targeted savings accounts in your life, illustrated by examples from Emily’s life.
Word Count: ~ 4,000
Price: $3.99 through Amazon
If you’ve tried to keep a budget for more than a few months, your budget has almost certainly been busted by an irregular expense. Irregular expenses are those that occur once or a few times per year, such as travel, car repairs, shopping, entertainment, and university/research/conference fees. The discretionary spending available in a graduate student or postdoc budget is often insufficient to handle large irregular expenses.
- identify the irregular expenses in your life
- group the irregular expenses into targeted savings buckets
- calculate a savings rate for each targeted savings bucket
- set up your bank accounts to house the targeted savings buckets
- incorporate the savings rates into your budget
- troubleshoot the common issues with your targeted savings system