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- Dec 12, 2008
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So I've seen threads about how to obtain an engagement ring while attending medical school, but they didn't answer my specific question. After budgeting my student loans, I can definitely afford the nice ~3K ring I want to purchase, but I obviously can't do it all at once. I'm borrowing the cost of attendance to my school, and it is higher than what I need. Add in the extra books/supplies money and I have the funds needed for an engagement ring. I have been very financially responsible, only buying what I can afford on our student budget, but obviously this kind of purchase is an exception.
Problem: to build up this money that I would "save," I need time to pay off the ring. I figured a good plan would be to start a new 0% APR introductory rate credit card so I could take my time with the monthly payments and not worry about interest. The only problem is, if I am living off of only student loans, is there a card that will accept me based on only student loans as income? Are we allowed to report our allotted living expenses as "other income?"
I have an excellent credit score built up as I've had a credit card since I was 18, but the limit on my current card is only 2K and there isn't that nice 0% APR. I basically only need this card to pay for the ring, so what do you guys think? Where can I find a card based on med student loan income? Does such a thing exist?
If this question is in the wrong forum, please let me know! Thanks!!
Problem: to build up this money that I would "save," I need time to pay off the ring. I figured a good plan would be to start a new 0% APR introductory rate credit card so I could take my time with the monthly payments and not worry about interest. The only problem is, if I am living off of only student loans, is there a card that will accept me based on only student loans as income? Are we allowed to report our allotted living expenses as "other income?"
I have an excellent credit score built up as I've had a credit card since I was 18, but the limit on my current card is only 2K and there isn't that nice 0% APR. I basically only need this card to pay for the ring, so what do you guys think? Where can I find a card based on med student loan income? Does such a thing exist?
If this question is in the wrong forum, please let me know! Thanks!!