So I've left my job as a full time teacher to go back to school begin a new career as an Electrical Engineer to hopefully work in the aerospace industry.
The good news is I've been putting money into my my 529 educational savings plan, and I have enough money for tuition and books for all three years (don't have to do a year because I already have a bachelors).
The bad news is it will pretty much wipe out my savings entirely, and I currently don't have a job. I'm looking to try to substitute teach and tutor students to make flexible but variable amounts cash. I'm trying to budget for the next three years, and if I don't get a job, (hopefully this is unlikely) I will have about $500 to spend each month (that includes groceries, eating out, general spending, health spending, etc. but not rent which is taken care of by my partner). Coming from a very different quality of living, that is going to be hard to keep if I don't make extra money on the side.
I'm trying to budget on Mint.com but since I don't have any income I'm not really sure how to be the most effective with it. I also want to continue making contributions not matter how small to my IRA and to my 529. Any tips for moving from a career with fixed income to a student life living on scraps that will still leave me in a good financial situation after I leave school?
Note: Also I qualify for unsubsidized financial aid (nothing else since it's my second bachelors), but I'm pretty committed to not taking out any student loans (just paid off/got forgiven my last loans). Especially unsubsidized. Is this wise to ignore the Financial Aid?
Submitted August 31, 2017 at 12:54PM by peregrin5 http://ift.tt/2glOwoW