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Surviving financially until grant comes through?

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  • 30-04-2012 7:36pm
    #1
    rainbow66666
    Registered Users Posts: 154 ✭✭


    How did guys keep up financially until the grant actually came through? I mean it could take a few months before the government gives me money for the grant, so how did you guys do it?

    I had a plan of getting a job during summer after the leaving cert to get enough to live until the grant came through but now I am starting to worry about what im going to do if I can't find work during summer since my parent cannot help out financially, should I resort to student overdraft or something? any advice would be great people as I a stressing myself over this a little too much....


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    #2
    Ave Sodalis
    Registered Users Posts: 7,548 ✭✭✭Ave Sodalis


    I did two things... I asked someone I knew who had money to borrow me a sum, then paid it back when the grant did come through and I did small jobs for family members and stuff to get me by


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    #3
    rainbow66666
    Registered Users Posts: 154 ✭✭rainbow66666


    roughly speaking how much would you think you would need to live on if the rent was 55 a week, maybe about 1000-1500 until the grant comes through?


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    #4
    mayo_lad
    Registered Users Posts: 562 ✭✭✭mayo_lad


    rainbow66666 wrote: »
    How did guys keep up financially until the grant actually came through? I mean it could take a few months before the government gives me money for the grant, so how did you guys do it?

    I had a plan of getting a job during summer after the leaving cert to get enough to live until the grant came through but now I am starting to worry about what im going to do if I can't find work during summer since my parent cannot help out financially, should I resort to student overdraft or something? any advice would be great people as I a stressing myself over this a little too much....

    there are a number of solutions to your problem

    1: get a job for the summer and buld up some money

    2: get a student overdraft wich normaly have a zero intrest rate while you are in college

    3: get a student loan (talk to your local bank about both of these options )

    on the positives you can learn to live of very little as a student with your main expences being your rent and food i find alde and lidle very good for geting my shoping


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    #5
    rainbow66666
    Registered Users Posts: 154 ✭✭rainbow66666


    the overdraft seems more likely than the loan because i wouldnt need too much and the interest rates on the loans from AIB (my bank) are killer


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    #6
    garv123
    Registered Users Posts: 6,576 ✭✭✭garv123


    Student over draft with are interest free up to 600 and 1500 ( i think, could be 1200) if a parent signs off on them.
    They aren't just handing them out like they used to and they must go through who deals with the loans in your branch.
    I needed 2 months rent waiting for final grant payment and they refused me because I didnt have a part time job. (they would give me the higher amount if a parent signed off on it though:confused:)

    I went to the credit union and they have always given me money when stuck.
    If you put 10-20 in now between now and september they will have no bother giving you a loan.


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    #7
    rainbow66666
    Registered Users Posts: 154 ✭✭rainbow66666


    so you wreckon singing up for a credit union account is probably the best thing for me to do to get a loan off them instead of the bank? i heard they are less strict and more "user friendly" but i dont have a credit union account and it might be too late now i suppose


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    #8
    garv123
    Registered Users Posts: 6,576 ✭✭✭garv123


    rainbow66666 wrote: »
    so you wreckon singing up for a credit union account is probably the best thing for me to do to get a loan off them instead of the bank? i heard they are less strict and more "user friendly" but i dont have a credit union account and it might be too late now i suppose

    I had a 5er in there till a few weeks before college and then put in loads in the one go that i had saved at home from work.
    They have me twice the amount i had in there. all i needed was a parent to sign it off. I had it nearly down to 500 by paying it off weekly and a 5er into the account and they gave me another 2k till i got my grant this year and another a few weeks ago on the condition i paid some back when the payment came through for my grant.
    They prefer you saving in there and been a customer instead of big lump sums like i did tho.

    Btw another heads up is you wont get ur last payment of the grant till around now and will have it to blow over the summer


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    #9
    rainbow66666
    Registered Users Posts: 154 ✭✭rainbow66666


    im more worried about when i get the first payment and surviving till that comes through......i will apply literally withing the first week the applications become available but i still need money to live till i get the first payment and just a little concerned about what ill end up doing if i dont get a job over summer :/


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