Welcome to Grad Student Finances! This site is a resource for grad students who want to make the most of their money while still in school. Grad school isn't a time-out period from our financial lives, especially once you understand the power of habits and compound interest. Whether you want to minimize your loans, break out of living (stipend) paycheck-to-paycheck, or build your savings, we want to support you in your financial journey. Browse the pages below to learn how to improve your relationship with money, navigate the sidebar to join the GSF community, and email us with what you want to see on the site!

What would you like to learn more about?

Most Recent Articles

A version of this post was originally published on GradHacker. In my final year of graduate school, I participated in a leadership program at my university. In the course of this program, all the participants worked on group projects, the subject of which was how to improve graduate student and postdoc career development. My group … Continue reading Simultaneously Earn Extra Money and Advance Your Career

Congratulations on your fellowship! Winning a fellowship that pays your stipend during graduate school is a great honor and achievement. A fellowship stipend may even be larger than the base stipend provided by the department, giving you additional discretionary income. While you might have an enhanced ability to save for retirement in terms of your … Continue reading Fellowship Recipients Can Save for Retirement Outside an IRA

A version of this post originally appeared on GradHacker. Traditionally, there have been certain topics that were off-limits for dinner table conversation. The prohibitions against discussing sex, politics, and religion have largely fallen away, but in many pockets of our society the money taboo persists. Over the past several years, I have fought against the … Continue reading Break the Taboo: Talk with Your Peers about Money

If you’re not sure what financial goals you might want to set as a graduate student, look first at how your finances would handle an emergency. An emergency fund is a vital component of financial health; being a graduate student, whether funded or unfunded, does not exempt you from this basic requirement. If you don’t yet … Continue reading Why Every Grad Student Should Have a $1,000 Emergency Fund

The largest line item in nearly every graduate student’s budget is housing. Whether you own your home or rent, whether you live on campus or off, whether you live in an apartment/condo, townhouse, or single family home, unless someone is subsidizing it, you are almost certainly spending the biggest chunk of your income on your … Continue reading Your Most Important Budget Line Item in Graduate School and Why You Need to Re-Evaluate It

When you live on a stipend, frugality is a way of life. You know you can’t live a freewheeling lifestyle on your grad student income, at least not without racking up massive debt. But the approach you take to frugality has an enormous effect on how restrictive you perceive your lifestyle to be and how … Continue reading The Best Kind of Frugality for a Busy Grad Student