5 Budgeting Mistakes You May Not Realize You’re Making

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Once I started tracking my spending, I didn’t think there was much else to money management. After all, my debt was going down and my savings were going up—so everything looked right to me!

As time went on, though, I realized I was making mistakes with my budget … and I didn’t even know it. Here are five of these common mistakes. Check them out to see if they’re holding you back from reaching your financial goals.

What To Do When You Miss Out On Your Dream Job

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After my exhausting and stressful internship hunt, I finally found the right one: a 12-month full-time role at a tech company that used both my bachelor’s degree in chemistry and my MBA.

After two rounds of interviews, the company narrowed their selection down to me and one other candidate. Going into the last interview for this dream internship, I felt confident. In fact, I felt so confident that I turned down an offer from another firm.

You can imagine my disappointment when I lost the position to the other candidate.

3 Big Mistakes To Avoid When Searching For A Summer Internship

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As I’m just wrapping up the first year of my MBA, I’m looking forward to the 4-month break of summer vacation before hitting the books again in the fall. Even more than relaxing from my studies, I’m looking forward to bringing in some income through a paid summer internship.

Having already put in a few years of professional work experience, I thought I had finding the right internship under control, but I’m a little embarrassed to admit I made some major mistakes in my search. Here are the three biggest ones, so you can avoid making them yourself!

Taking The “Fun” Out Of “Refund”

Bridget’s international travel has been grounded by the Tax Man … for now.
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When I filed my taxes this year, I expected to get an income tax refund in excess of $5,000. As an MBA student with a huge tuition bill and a year’s worth of tax-deductible contributions to my retirement accounts, I was sure I had enough credits to produce a sizeable return. I was planning to spend it on plane tickets to South America, then shuffle the leftovers into savings for next year’s MBA course fees. I was even going to let myself take $300 on a mini shopping spree. You can imagine my disappointment when I received less than 25% of what I was expecting.

3 Places To Find Additional Money To Pay For Grad School

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I’m a huge advocate for managing your finances independently. I think the sooner you can break off from support from parents or reliance on credit cards and loans, the better off you’ll be.

However, sometimes there’s just not enough money to make ends meet—especially if you’re in grad school like I am. In grad school, you have to watch every penny to survive, and even then, you may still run out of money.

Fortunately, if that happens, one of these three options could help you.

How Much More Could You Owe In Student Loans?

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I graduated with $21,000 of student loan debt—but that number is not even close to how much my postsecondary education cost.

If you add up the tuition, fees, and textbooks for my bachelor’s degree and MBA, you’d come up with an amount closer to $100,000. I could have graduated owing that much in student loans. In fact, if I had done a few things differently, I definitely would have owed that much.

What I Accomplished In 2013 And My 2014 Financial Goals

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I had some pretty big goals for 2013—financially and otherwise. But by taking time at the beginning of the year to figure out where I wanted to be at the end of 2013, I achieved them.

In addition to paying off nearly $21,000 of student loans from my undergraduate degree, I also quit my job of 2 years, moved, and went back to school for an MBA. Talk about a year of big changes for in money and lifestyle!

Here’s what I accomplished, as well as my plans for 2014.