Custom Search

Monday, May 14, 2012

More Advice for the Low Salary Grad: Live Like You Should Have When You Were a Student

Honestly, if a recent grad is making only $1000/month in a worthy endeavor, STAYING OUT OF DEBT is of the utmost importance. I would say: Live like a student. Except for the fact that most students live like they are middle- and upper-middle class people, either on the parental dole or getting into debt. So my advice is Live like you should have when you were a student. Every bit of debt you avoid is a blessing for your future. The recent grad of my acquaintance asked me what he should stockpile. After the rice and beans recommended yesterday, I would pick up some canned tomatoes and cheese. Best place for cheese is Costco or Sam's Club. Or Trader Joe's. So now you won't die of starvation. Any more advice?

3 comments:

Duchesse said...

Take care of your teeth, even if it hurts to pay for those visits. Live without a car unless you absolutely have to have one for your job. Share housing, and choose a place where the utilities are not very high b/c the place is badly insulated, etc.

If you live near them, the folks are always good for a meal.

Terri said...

The one piece of advice my parents gave me was to find a way to live without the expense of a car...and I followed this until age 38!

Frugal Scholar said...

@Duchesse--Good point. We didn't have a car till...embarrassing to say. Mr C has a car already--lucky him.

@Terri--Ditto. We didn't buy a new car till 1998--and we're still driving it.