I'm a college student who receives leftover scholarship money into my bank. I live at home and I get about $2000 each semester, and about $900 in the summer. My family and I had hardships and I used all of it in the past to help out, but this time I'm able/wanting to try and save. I need to keep enough out for gas, books, and to be able to help my mom out occasionally. I figured that putting $500 away would leave enough to still help out and it's the amount grad school applications (application fees, travel, GRE) would cost. Also, my career when I'm done with that needs me to pay for a placement test and license. Here's the other thing: My grandparents have a small ($1000/year) account for me that I haven't needed to use and I'm not close to them. I don't want to depend on them when I haven't even seen them in a year. But basically, is $500 good enough to start a savings account? Or should I just have extra spending money now and ask my other grandparents for GRE money when I need it next year?
Other question: I have two full semesters left and one summer left. How much should I add from them? No one in my family has any savings and I'm still learning how it all works.
Submitted January 17, 2020 at 08:12PM by clcliff https://ift.tt/2TxaMRE
