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When It Comes to Your Money, Leave the Guilt Behind
A few weeks ago, AOC had a funny instastory asking people to help her figure out how to use the garbage disposal because she never had one and thought it was a fancy add-on to her new, fancy apartment. She jokingly asked if social mobility means having appliances you never had growing up. And while it was all in good fun, the gist of her story struck a chord for many of us who come up from low income homes. Acclimating to financial stability, dare I say, even wealth, is a mind screw. And while many people struggle in their early careers, there’s a huge difference between those that grew…
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When You Can’t Afford College
First, big ups to Latino USA who discussed navigating higher Ed last week and inspired this post. I recommend everyone to give the episode a quick listen. The story talks to different Latinx students finishing up their college degrees and the problems, mostly financial, that they face. Memories came flooding back as I remembered my Junior year in college and how a ton of missteps and bad luck made it so financially difficult that it looked like I wouldn’t be able to finish school. I never connected the dots that this may be a common theme many of us experience, but the fact that Latinx students struggle to graduate proves…
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Quarterly Report: Student Loan Repayment Plans
We’re back again with another post on money! While we celebrate everyone graduating from college and law school, another sore topic is paying back loans. Today our “in-house” accountant gives us some info on payment plans, and other important financial info to keep in mind before our grace period ends and we suddenly find ourselves unable to reduce or pay back our debt. More likely than not, you’ll be graduating from law school with student loans from law school and possibly even from your undergrad program. And if you’re like most people, you’ve probably thought about what happens after graduation, but instead decide that you’ll deal with the loans when…
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Financially Surviving 1L Summer
Last week, I saw my supervisor from my first summer job as a 1L and I realized it’s been seven years (!), since I emailed her hoping that she’d hire me as an intern. Time flies guys! It was a great summer, but, like usual, it was not easy financially. I remember hearing of other students getting unpaid clerkships or needing to sublets apartments and all I kept thinking was how can they afford it?! And then as spring drew closer and closer, all I could think was how was I going to afford my summer? 1L summer can be a little tougher than 2L summer because many positions for…
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Big Spender: Paying for the Bar Exam
Everyone knows that this is an expensive profession. Getting into law school costs money; being in law school costs money; and being admitted into the bar costs a lot of money. Aside from paying for the bar application ($500+), you also have to pay for a prep course ($1000+) and it’s strongly encouraged you don’t work during this time. Obvi, this is super easy because we all are trust-fund babies that survive on light and air so we don’t have to worry about rent, food, or bills. :/ Ok so actually not so easy. I remember the last semester of law school just feeling this constant pressure of always thinking, “how…
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Quarterly Report: Saving for Retirement
We’re back again with another post on money! Before we dive in, can I tell you a secret? Before I got married, I used to tell my boyfriend (now husband) that because I was Latina I didn’t need to save for retirement–my kids would take care of me, obvi. Of course, I was joking, but the idea that family helps our viejitos is so deeply entrenched that I never really gave much thought about saving for the long-haul. But then as I learned more and more about gender inequity, the wage gap, and saw how poverty continues to afflict women, I realized that saving for retirement at an early age…