I recently got accepted to Grad school so lately I have been seriously evaluating my financial situation. I have been lucky through college as I have been on an athletic scholarship, but that will soon end. In turn, for the first time I will have to take out a loan, and a large one at that. At first, the thought of being in debt is quite scary, as I will most likely owe over $120,000 after my two year stint in grad school.
Here is what I have calculated as my living expenses: all approximated
weekly- $800
monthly-$3,500
yearly- $41,600
Man beer is expensive!!
I will have to make about $55,000 a year just to sustain my lifestyle. Granted I over estimated on most of my expenses, but still, that is a lot of money. I am going to get my MBA in grad school so hopefully I will land a position making more than that. It would always be nice to save some of my earnings, if not I will have to dramatically change my living style.
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