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

Graduate school is a financially challenging time even if you are fully funded. Your stipend isn’t intended to do much more than pay your basic living expenses. You are likely young and relatively inexperienced with managing money, especially for long-term goals. You’re short on time to learn about financial best practices, and you may even … Continue reading Why You Should Invest During Grad School

A version of this article first appeared on GradHacker. There are a few different versions of the “rule of thumb” regarding how much of your income to spend on housing. No more than 25-30% of your take-home pay seems to be the consensus, with a few outliers. But as a graduate student receiving a stipend, … Continue reading How Much of Your Stipend Should You Spend on Rent?

A version of this article originally appeared on GradHacker. It may seem counter-intuitive, but graduate school affords you an excellent opportunity to grow financially, whether that means growing in your money management skills or growing your net worth. There is no need to wait until after you land a “real job” to put in the … Continue reading Basic and Stretch Financial Goals for Graduate School

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