PhD in Progress Podcast

feedback@phdinprogress.com

PhD 015: Financial Basics- Priorities, Budgets, and Credit with Patricia Berhau

September 10th, 2014

Click here to subscribe and rate us in iTunes | Or Subscribe on Stitcher

 

Ep015_card
Patricia Berhau is an ISLES Asset Building Coordinator who works primarily with moderate and low-income people. She encourages graduate students to remember that their income-level is only temporary as their income potential is much higher in the long-run.

[Episode Card uses a Flickr image by epSos.de under Creative Commons licensing]

Important reminders:

  • It’s all the irregular things that are budget busters.
  • Budget! Knowing where your money goes is crucial to being financially healthy.
  • Mint.com for organizing your accounts and budgets
  • Get a copy of your credit report!
    AnnualCreditReport.com You’re entitled to a free credit report from each of the bureaus per year. Your credit report and score dictate your borrowing potential.
  • If you feel that you want to borrow money at some point, be conscious of your credit handling.

“Make a Resolution to Budget? Here Are Some Apps to Help” by Tara Siegel Bernard – New York Times – Jan 3, 2014

 

Popular Financial Advice:

Productivity Web Tools for Graduate Students

July 4th, 2014

“Productivity” can be a hairy subject. The goal is to get the best results out of your time investment but not become a fully automated robotic cyborg with the sole mission of completing task after task. With this in mind, we want to introduce a few resources we find useful in our own searches to get the most out of the time we spend working and living.

Why be “more productive”? What are the pitfalls? Doesn’t it seem a little pointless?
I recommend visiting A Year of Productivity, where Chris Bailey chronicles his experiences of living out different methods of being productive. Not everything works but it is interesting reading his thoughts while living in nearly complete isolation for 10 days or drinking only water for a month.

We recommend not trying a full makeover in a short amount of time. This might cause burn out and much discomfort in your personal life. Try a method or a tool for a bit, see how it might fit into your life and your goals, then move on.

Software and Website Tools

  • Papers (34 for students) http://www.papersapp.com 

    PapersIconThis was my first PDF management program and I loved it. My friend called “iTunes for academic research”. If your research articles are all over your computer or just lazily thrown into a single folder, Papers can help you organize it by reading the metadata of the PDF files. It can rename your files (e.g. “Smith_2014”) and you can place them into different reading lists.
    The program started off as Mac only and remained the best Mac solution for a while. If there is something much better, let me know!
    The full retail price is €71 but it is 34 for students.  Again, I have not used this program for the last few years but it now available for PC and can be used cross platform with your current iOS devices.

 

  • Mendeley (free) http://www.mendeley.com/
    After I switched to my MendeleyIconcurrent Windows PC laptop, I bemoaned the fact that Papers for Windows really was not that great. However, people used Mendeley. I’m happy to say that over the last 2-3 years, Mendeley has become a MUCH better program than it was.
    Mendeley and Papers both fill the same functional role: organize and catalog all of your PDF based resources. Mendeley, however, is free. You can save your library to the cloud and then have your iPad or other computers sync with it. When I travel, now I load up on research papers and just have to bring my iPad.

 

  • Google Calendar (free) https://www.google.com/calendar/
    GoogleGoogle Calendar is invaluable. There really are way too many uses for it, whether it be tracking your work or coordinating dinner with your family.
    There are a ton of articles out there on taking advantage of Google calendar

 

  • Mint (free) https://www.mint.com
    MintPeople who are uneasy or scared about their financial situation are often distracted and cannot do their best work.Are your finances all in a mess? Do you even know how much money you have to your name? No fear, Mint’s web application (which also syncs with your mobile devices) can help set you straight.
    For me, the budgeting tool has been a great asset. By staying on budget, I cut down on the amount of choices I need to make on a daily basis, and direct that brain power towards achieving my goals.One warning: If you’re worried about much of your personal finance information being on one site, you may prefer the numerous other offline products available. I have personally not run into any trouble with Mint.com but I’m also aware that nothing is ever completely safe on the internet.