How much did you save before starting school

jj224 · May 26, 2017

How much did I save? Not enough.

As far as your 30k, it depends what you're trying to use it for. It won't cover tuition. It'll help with cost of living and books, but even 30k won't last that long.

cvru_rn_13 · May 26, 2017

Following.. let's be honest I don't have crap saved... but I have NO debt... sooo... I feel like it balances out I'm planning on taking out max loans/personal loans etc! I would love to hear people's take on it'

m1lkofamnesia · May 26, 2017

It all depends on your tuition, how expensive your taste is as far as what you're gonna spend on rent, car payment, etc. Plan out a budget with all possible expenses: rent, utilities, cell phone, car payment, car insurance, gas, health insurance, food, vet bills for any pets you have, vacation money etc!

Figure out your monthly budget, multiply by how many months you'll be in school. Then add in your tuition costs. Then add about $750 for the board exam cost. Then add about $3k (or more) as an emergency fund to this number; you may not be able to start working right away (credentialing can take a while), so you'll want to be able to have enough $ survive for a few months after graduation.

You will get enough loan money to cover tuition and "normal" living expenses. It's just up to you in how frugal you want to be to minimize them.

Onmyway110> · May 27, 2017

I made my budget prior to school starting listing all the factors "m1lkofamnesia, BSN, RN" said. Even though I saved up 50k and my husband is still employed, we will have to take out student loans toward the later half of the program.