Hello, Reddit!
I recently gained admission to a Chemistry Ph.D. program (WOOh!) at UGA. They are offering me a 25k salary. I would be moving from California and wanted to know what steps I should consider when relocating.
I currently have taken my current saving into account, ~6k. I created a spreadsheet with potential housing costs, car payments, groceries, etc to understand how to live within my allotted salary.
After hearing back from current students, self transportation is a time-saving option and a stress reliever. I plan on getting financial assistance from my parents to purchase a reliable car that could get me to Georgia and so on. I think that the interest-free loan from my parents will impact my finances less than a bank loan given an emergency. Taking the possible down payment I can provide them, my monthly car payments would be within my budget.
How can I further prepare for a smooth transition and for those who have been in similar situations, how have you made a graduate salary stretch?
Thanks in advanced for any advice!
Submitted March 13, 2021 at 09:56PM by zstrike22 https://ift.tt/2Q55gGx
