Quote Originally Posted by Parker View Post
I am terrible with my student loan, I'd probably end up spending that $1000 fairly quickly. It's not a very great amount of money and seeing as I have no income aside from student loans it would likely go on food and emergency stuff relatively quickly.

When I have an actual income tho I am usually pretty good with saving. Ideally, I'd like to save like 50% of my wages. This isn't very likely at all, but would be amazing. When I get a "real" job, I'm planning to save as much as possible. I guess if I was super frugal and already had a strict savings routine I'd be tempted to spend the £1k on something nice.
You changed the currency half way though. $1000 is about £591.91 just now. I'd take £1000 any day.

When I started my current job I would spend about £200 a month on driving lessons, and try and save 20% of the wage with anything left over at the end of the month also being added. I did not save very well during this period. 50% of you wage to savings is pretty steep. I'd say aim for 20% as a starting point and then work up if you have extra money at the end of the month.

Also, I remember student loans, they were great. Mostly went towards booze. How much of your student loan is budgeted towards the pub?