It’s time once again for our monthly check-in! How are we doing with our goal to remain debt-free while I earn a graduate degree?
Last month, we were excited to learn that I won a $2500 scholarship. I have applied for a couple more scholarships since then, but no bites thus far. That’s OK, though, because I will keep trying until I complete my degree. I have nine months left!
Whether or not I win another scholarship, I think we will be just fine. My next tuition payment is due July 12th, and it will be a doozy. My credit hours go up to 7 hours this session, and that means tuition will be $4300 instead of the $3800 we have been used to paying. I am in the homestretch though. This next session is 4 out of 7, so we have gotten over the hump, and it’s all downhill from here!
I received my scholarship check already, and that means we will be covering $1800 out of our own pockets. We have had a few unexpected expenses thanks to a dead reverse osmosis filter, dead cell phone, and the tree that decided to fall on our house, so our emergency fund dipped a little bit, but we are still covered for the next tuition payment in October and part of December.
There are changes going on at my work that have the potential for more hours and regular hours that will not increase my child care bills, but nothing is set in stone yet. If that comes to fruition, we may increase our earnings in the coming months. Cross your fingers for me!
In the meantime, I am on a break from school this week, but am working most days. My secondary goal is to work, work, work on those scholarship applications. My goal is to churn out five applications.
What are you doing to meet your goals this month?