Posted by Jenn Tai on Oct 4, 2012 in Blogs |
I can say with absolute confidence that I am one of the cheapest most frugal people at ICO. I’m Canadian, so I don’t get those awesome subsidized and unsubsidized loans that most Americans can apply for. I also don’t get the option to defer payment until graduation. I do get something called OSAP. It pays $210 perweek of class… which added up to be between $7,500 and $10,000 each year. Any extra money comes from a line of credit from the bank, or savings, so every extra dollar of adds up for me.
I worked for a savings bank for two years before I got to attend ICO. There, I learned to be the best coupon-queen/penny-pincher there could be. No matter how much I save, I will probably never be able to make my debt load disappear while I’m still in school, but my goal is do reduce my debt by $20,000 to $30,000 (depending on how many pairs of shoes I buy by the time I graduate). I’ll share some of my savings secrets with you.
Note: If you’re financially capable of making it rain harder than the hurricanes in horror films like the guy below, this post might not apply to you. Kudos, I am jealous.

1. I do as much work study as I can without sacrificing my grades.
My number one priority is to be an optometry student. There are some awesome jobs on campus that allows us to study on the job. I realize that it means we don’t get paid as much as the other jobs that are busier, but for me, it’s a matter of balance. I didn’t want to sacrifice my grades for an extra $40 a month. I was a note-taker, and I also sat at the security desks in front of the RC and the school. I pretty much get paid to do what I’m supposed to do here: study. Every dollar of income = a dollar less I have to take out. I save about $500 a month, or $6,000 a year doing work study alone.
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