Though you directed this question towards Rocketdog, I did want to offer resources that made working and studies easier. I've been trying to frugally life hack and save for associated costs (MCAT, interviews, secondary fees, etc.) for over a year on a limited hospital salary. Instead of making money, I really switched my understand to making both my past and recently salary work, paying down debt, and saving. I have a very low financial output which has allowed me to pay down my previous student debt (of only about $10K) and save for the future.
On my current anticipated income, I can pay my bills and still save almost half my wages. I do this in the following ways:
- I cook all my own meals. On Sundays, I shop and make about 7-15 individual lunches and dinners and supplement with day of sandwiches and snacks. Also, I shop using the shopper ad and buy the things that are either on sale or marked down due to expiration dates.
- I buy 1 meal a week at a dinner night with friends. Even then, I spend less than $40.
- When going out, I bring a flask or pre-game at my home. Also, I rarely "go out" in the typical sense because I work and study, but also because it costs too much and I don't get a lot out of it (besides a hangover).
- When spending time with friends, I offer to take walks or go to each other's homes. I do not like to meet out for dinners, drinks, coffee, etc. Cooking someone a meal is always a great option and, as a Southerner, the best way to endear yourself to someone.
- I use Mint.com to budget all necessary expenses and set financial goals.
- I have not bought new clothes, accessories, gadgets in over 6 months. Even then, I shop at Goodwill.
- I have a flip phone and the plan is under $40/month.
- I invested in the local library for resources and printing needs. Library card = key to the city.
- I ride my bike to work and to school. I also live in a city with affordable public transportation. Mostly I walk and ride when I can and refuse to own a car. So much $$ saved.
- I pay off my credit card every month and gain airline points. Basically play the system. I should have enough points in the future to travel to interviews for free.
I didn't learn all this in a day - it took some stupid mistakes and advice from people who know better than me. I read
Mr. Money Mustache,
Dave Ramsey (if you can be ok with his closing call to god, he's got some great advice), and
The Minimalists. Some more everyday advice can be found at the
Budgetnista.
It's not easy but I'm sitting on some savings that will help me defer debt in medical school. Also, learning to live like this now will save you in school. It makes the lifestyle transition to super poor medical student much smoother. My next experiment is Soylent - I want to see how I can even lower my food costs and cut out eating time. It generally costs under $4/day for a 2000 calorie drink. That's ridiculous and convenient!
Hope that helped in some way! Feel free to PM me if you have questions.