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!

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Most Recent Articles

Shortly after my husband and I got married and combined our finances, we faced a reckoning in our budget. As we created our first combined spending plans and started our system of targeted savings accounts, we realized that our month-to-month spending was out of sync with our values and short-term goals. Chiefly, we wanted to … Continue reading Why and How I Eliminated Eating Out for Convenience in Grad School (and You Can, Too)

Today’s post is by a PhD who had extensive work experience prior to starting grad school, which she leveraged into several relatively remunerative part-time jobs. She shares honestly about the effect her extra work had on her personally. Name: Marika Morris Institution: Carleton University Department: Canadian Studies Ph.D. 1. What was your side job? Research Coordinator, Canadian Research Institute … Continue reading Independent Research Coordinator and Consultant

A version of this article was originally published on GradHacker. Irregular or non-monthly expenses can be difficult to weather for anyone, but even more so when you have a low income or little to no discretionary income. Irregular expenses are a nearly universal pain point among graduate students. Any (relatively) large expenses that crop up … Continue reading How to Manage Irregular Expenses with Limited Cash Flow

Two young adults graduate with the same major from the same college in the same year. One of them gets a job and the other enters a funded graduate program. Their financial lives have just diverged, despite their similar professional starting points, and it’s not because the graduate student lacks an income. Here are the … Continue reading How Graduate Students Are Financially Distinct from Young Professionals

Graduate students have a pretty good handle on financial literacy topics like credit cards. In fact, 85% of graduate students have a credit card (Council of Graduate Schools’ Financial Education). But it’s one thing to understand how credit cards work and another to actually practice perfect credit card usage. When I signed up for my … Continue reading Perfect Use of a Credit Card

Having been sufficiently convinced that it is a great idea to start investing during graduate school, you’re eager to get your money working for you. But as beneficial as investing is for the long-term growth of your personal net worth, you must make sure that your finances are sufficiently prepared in the here and now. … Continue reading Are You Ready to Invest Your Grad Student Stipend?