Cutting Costs During Law School
If you believe the headlines, law school students are graduating with more debt than ever. And while this is certainly true for some students, others are doing just fine financially once they walk the stage at commencement.
Some are choosing to go part time and work their way through law school. Others are reaping the benefits of ultra-competitive recruiting that comes with generous scholarship offers. And then there are those who are making small, smart, day-to-day spending decisions that add up to big-time savings over the course of three or four years.
Maybe you can’t attend part time and maybe you weren’t fortunate enough to get a scholarship. Those things might be out of your control. But you can make smart everyday decisions about how you spend (or don’t spend) your money.
- Brew your own coffee. A pound of coffee costs roughly $10 and lasts more than a week. One cup of Joe from a gourmet coffee shop will cost you at least $4 a day. Over the course of a year, you could save nearly $1,000 by brewing your own coffee.
- Get rid of cable. Netflix and Amazon Prime are much cheaper, but you probably don’t need them. After all, shouldn’t you be studying? If you really need to watch something on cable, hit up a friend or family member for an hour or so while your show is on. This could save you hundreds a year.
- Take public transportation. Not only will you save money on gas and insurance, but you’ll have a little extra time to study, relax, or even sleep. Plus, students often get transit discounts.
- Avoid briefs you have to pay for. If you can connect to the Internet, you’ve got access to a plethora of free case briefs.
- Pack a lunch. Your dollar goes a lot further in the grocery store than it does at the campus restaurants. Plan your meals, go shopping at the beginning of each week, and bring your own lunch to law school with you every day.
- Get rid of your smartphone. Yes, they look cool and they are incredibly convenient. But do you really need Internet access and all the apps you’re paying for? Probably not – especially if you have a laptop. Getting rid of your smartphone during law school can save you thousands over the course of your time studying the law.
This article was written by FindMyLawTutor.com.
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