Ep 97: How to Financially Prepare for 1L Year
Starting law school can be stressful, especially when it comes to understanding your new financial future. In this video, we'll walk you through some valuable tips and resources to help you manage your finances like a pro. We discuss how to create a budget tailored to your law school journey using Max PreLaw by AccessLex, a non-profit organization dedicated to supporting aspiring law students, as well as YNAB.
Episode Highlights
How to financially prepare for law school and manage expenses effectively
Think about upfront expenses like moving costs, apartment deposits, books, and more.
Financial aid may not kick in until September, so you may need to budget in initial expenses.
Recommended resources: Max PreLaw by AccessLex, offering free courses and webinars and YNAB
Max PreLaw has one-on-one free financial coaching for personalized assistance and is tailored for law school budgeting
YNAB is a more overall budgeting resource and allows you to easily include miscellaneous expenses
Additional tips:
Renting textbooks and utilizing e-books to save on educational costs.
You don’t need a whole new wardrobe for law school. But if anything, check out your local resources like Dress for Success for clothing assistance.
Tweetable Quotes
“We want to empower you that there are tools, there are resources, there are people, there are free financial counselors that are here to help you through [your law school financial] process...Having a good budget and a good plan is gonna make you feel very prepared.”