Automatic Bill Pay: One of a Graduate’s Favorite Things

How much does Get Grad Schooled love automatic bill pay? Let us count the ways:

1. It’s quick. As a graduate student, you have enough to juggle with school, work and internships. Keep your rent and utilities paid on time and in one go. No headache, no hassle, no stress.
2. It’s easy. Log in to your service providers’ site with your account ID (which you can often find on the first bill mailed to you). After setting up your login and password, set up your payment method and schedule.
3. It’s automatic. Automatic bill pay lets you make one time payments or set up a recurring schedule that will either automatically withdraw money from a specified account, or charge your credit card the full amount of your monthly bill. If your rent is due on the first, you can set up a recurring schedule to debit your checking account on the 30th of every month until your lease ends.
4. It’s paperless, which makes automatic bill pay great for the environment. On a less noble note, it keeps your mailbox, desk and kitchen free from paper mail clutter.

If you forget to water your plants or feed your pets, automatic bill pay is a godsend. All you have to do is ensure there’s enough money in your account and credit on your card to cover your bills. Automatic bill pay will handle the rest.

It's just wonderful. Right up there with raindrops on roses and crisp apple strudel.

Unpaid Internships: the Tough Questions

Along with specialized coursework, internships are an effective way to gain experience in a specific field. They're very common for graduate students. However, the decision to pursue an internship might be a tough one if you're considering one of the many unpaid internships out there. Here are some key points to seriously consider before accepting:

What's the time commitment?
Some internships require only a few hours each week, while others demand an almost full-time schedule. Most importantly, you should have a good idea of how this commitment might affect your attendance or performance in school. Will you still be able to adequately prepare for each class and get there on time?

Another consideration that particularly impacts graduate students is the time unpaid internships take away from the time they'd normally be working other jobs for pay. Can you afford to take this time away from a paying job to work for free? Unpaid internships often make up for this shortcoming in the form of valuable experience and connections, but you have to establish a financial plan to cover your most important necessities, such as rent and food, before taking on an unpaid commitment.

What about doing an internship for credit?
Not all schools require it, but graduate programs generally allow students to earn course credit for internships they complete. If you're paying for your own tuition, either out of pocket or through student loans, keep in mind that you'd have to pay this rate for an internship, too.

What are your goals for this internship?
All internship programs are different. Are you hoping for hands-on experience and responsibility? Or, even if the internship involves a lot of time in the mail room, are you more concerned with the connections you could make with professionals in your field? Working for free could become a frustrating experience, so you should determine if the benefits will make it worthwhile. This may be true for some internships but not for others.

So, if you're thinking about applying for or taking an unpaid internship, be sure to determine if it's the right fit for you first.

Budgeting Your Money, Supermarket Style

One of the top priorities for every grad student (besides doing well in class, of course) is to save money. We’ve all figured out just how much we’re paying for every course, every credit, every hour of class. And yeah, it’s a lot. So you’re going to want to cut back on your expenditures. You have to get creative when saving money, especially in a city like Boston. One of my favorite ways to stay on track with my money is with my groceries.

For example. Yes, we all love cereal. It’s great in the morning, for an afternoon snack, or during a late-night paper-writing cram session. But do you know how much cheaper the store brand cereals are? Fine, I’ll grant you that they don’t exactly taste the same. But when you’re exhausted from pulling an all-nighter are you really going to know the difference? I vote no.

Sometimes it’s all about where you shop. Everyone loves a good Whole Foods, and not just for the tasty samples they provide. But for the duration of your graduate studies, say goodbye to Whole Foods (except maybe for the samples) and hello to Market Basket. Even if you have to take the T to get to one, it’s worth the difference you’ll be saving.

Once you’re at Market Basket, there’s really only one thing you need to remember: store brand, store brand, store brand! Seriously, you can practically feel the savings in your wallet.

Make sure you buy enough to make your lunch for work because you’re done with going out on your lunch breaks. It’s a great way to save. Just pack it all in a nice little lunch box, though you might want to call it a meal bag. Sounds much more professional.

Maybe you shouldn't say goodbye to Whole Foods completely. I mean, those samples can come in handy for a nice afternoon snack. You can consider it a weekend activity, and a free one to boot. Now you're thinking like a grad student

The one thing I would go name brand on: water filter. This way you don’t have to buy water bottles, which are mucho expensive. One water filter lasts a few months and is definitely more price-conscious than bottles. Now you know how to save money on food and water. What else is there?!