Econ for MBAs: Good news, bad news

When I tell my working friends that I’m going back to school, the inevitable question they ask is: How much?

How much debt am I going to accrue before getting this fancy pants degree? And will it be worth it?

The piggy bank is my friend.

The piggy bank is my friend.

Lucky for me I have a full scholarship covering the scary tuition bill. But I still have to finance the rest of my life — rent, car, health insurance, eating — for the next two years and while I saved up a nice chunk of change before I quit my job, it’s not enough to get me through.

Budgeting, penny pinching and cheapskating will be in order. I’ll probably write a fair bit about those sneaky little ways I’m saving money — and the sneaky little ways my university is funnelling it out of my bank account.

Today I got some very good news — about my car insurance. For the last five years my premiums have hovered around $1,400 a year (thank you, Reckless Drivers, Fraudsters and Uninsured Motorists of my adopted state.). Today I called my insurer to tell him I was moving to a state full of much more careful drivers (and far fewer scam artists).

The result? My premium is now $418 a year. A year.

That’s a savings of nearly $1,000!

I did a happy dance in my parents’ living room.

Of course, that $1,000 is already being funnelled away. How? My case study packets for the year will cost $1,500. And that doesn’t include the books that I allegedly have to buy.

So it looks like this match ends in a draw. The score in my two-year Financial Olympics: Me: 1, MBA: 1.

I intend to go down swinging.


About missmba

What happens when a language-loving, mathphobic liberal arts major goes jumps on the MBA train. Follow my adventures at a top 20 business school.
This entry was posted in Budget and money. Bookmark the permalink.

2 Responses to Econ for MBAs: Good news, bad news

  1. MissyD says:

    Love the blog, Steph! Keep the updates coming.

  2. missmba says:

    Thanks Missy!

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