10 Ways I Saved Money as a Law Student - Less Debt, More Wine (2024)

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After being a broke student throughout college, I continued on as a broke law school student. However, while at law school I built certain habits that saved me money. I also developedsome bad habits thatcost me lots of money. Here are 10 ways I saved money as a Law Student.

10 Ways I Saved Money as a Law Student

1. I rocked my Lexis and Westlaw Points

When I went to law school, way back when Lexis.com and Westlaw Classic were our only options we at least had the benefit of earning points for our research. I could use the points on all sorts of things, I usually redeemed them for amazon gift cards and bought music. I couldn’t afford the luxury of paying for music. So I did research for my music.

I’m not sure where the points and rewards systems stand nowif you are a current or recent law student let me know in the comments.

2. Free Beer Tastings

I’ll be honest, I drank an unhealthy amount in law school. But I saved money on drinking by going to free beer tastings. Harpoon Brewery was located not far from my law school and used to do free 1 hour tastings in the afternoon Monday – Friday. They have since opened a beer hall and no longer offer the free 1 hour tasting. Though if you are interested in trying some beer for cheap, they offer $5 brewery tours that end in a tasting.

3. Free Event Food

With all the different clubs and groups in law school, there was always an event with free food happening. Even if I didn’t attend the meeting or event, the leftover food was always left in the lounge for anyone to have. It was far from healthy but free was just the right price.

4. Free Entertainment

Occasionally for class I had to go and observe court. I got really lucky one day and got to observe a very interesting and entertaining case. Let just say the witness had a rap video that I immediately found on youtube once I got home. It was hilarious. So while court is obviously a place for justice, it can also be very interesting. I have many stories of funny things that have happened in court.

Related: The Ultimate Guide to Affordable Entertainment

5. Used Free Swag

Both Lexis and Westlaw often gave out tons of free stuff. Coffeemugs, laptop bags, post-its, pens, highlighters, USB sticks, I gladly accepted and used all of the free swag I got.

6. I Didn’t Always Go Out to Drink

I mentioned earlier that I drank a lot in law school, but I saved by drinking at home. Paying for a six-pack or bottle of wine was often cheaper than buying drinks at a bar. It helped that my favorite wine cost $5 a bottle.

These days I spend a bit more on wine, but I drink a lot less so I’m still saving.I like ordering a box of different wines to try from Wincevery few months. The bottles average $13 a pieceand delivery is free when you get at least 4 bottles (more wine please). If you want to check out Winc, you can get a free bottle of wine using my link. I’m very pro free wine.

Related: Are Wine Clubs Really Worth it?

7. I Carpooled

After giving up on the MBTA sometime in my 2L year, I started driving into Boston to ensure I’d get to class on time. The problem is parking is pricey in Boston, but sharing the expense with my roommate and other classmates that lived near us helped save me money.

8. I Attended Free Events with Drink Tickets

I know, again with saving money on drinking, but I did tell you I drank an unhealthyamount in law school. Anyway, lots of the events did have the added bonus of free drink tickets, so two free drinks. If you knew the right person or someone willing to give you their tickets you could end up with even more free drinks. But I was still nice and tipped.

9. I Lived with Roommates

My 1L year I lived with three other people in a 4 bedroom apartment at the cost of $500 a month. I moved 2L year and lived with a classmate through the rest of law school. My rent was a bit more $750 but it came with a driveway (I’d gotten lots of parking tickets at my old place) and was in a better area. Well worth the extra cost but still saved me money over living alone.

10. When I Used the MBTA I Used My Charlie Card

If you could actually get your hands on a Charlie Card, you could save a little bit of money. Rather than paper tickets to use, the Charlie Card fares were slightly cheaper. I guess because it saved them on paper. I still have my Charlie Card and use it when I’m back in town.

3 Ways I Wished I’d Saved Money in Law School

1. I Wish I’d Shopped at Thrift Stores

I wish I’d shopped more at thrift stores, particularly for school supplies. As a law student, I spent so much money on binders and pens etc shopping at Staples and Office Depot. I would have spent a fraction of the office store prices if I’d just shopped at a thrift store.

2. I Wish I Drank Less

While I did find many ways to save money on booze, I would have saved even more if I’d just cut back more. Even when drinking cheaply, drinking in large quantities still costs. Not to mention how much weight I gained in law school thanks to my drinking.

3. I Wish I Ate at Home More

There was both a Dunkin Donuts and Starbucks directly across the street from my law school. I spent entirely too much money on coffee, but also on breakfast. I used to love Dunkin Donuts breakfast sandwiches (before they changed them to fried eggs, ugh) and ordered them multiple times a week. Sometimes multiple times a day, since I would have them for dinner too.

How did you save money while in school, anything you wish you’d done differently to save money? Let me know in the comments!

10 Ways I Saved Money as a Law Student - Less Debt, More Wine (2024)

FAQs

How to save money as a law student? ›

Take advantage of stuff already paid for by your school:
  1. Most schools offer free counseling sessions. ...
  2. Find supplements in your school's library instead of buying them. ...
  3. Get outlines and supplements for free. ...
  4. Renting textbooks is usually way cheaper than purchasing them.

What is the best way to pay off law school debt? ›

This law school debt repayment strategy is typically called the avalanche method. Essentially, while making regularly scheduled payments on all your loans, with the avalanche method you'd make additional payments on your highest interest loans first. This method helps reduce the amount of total interest you're paying.

How to not get debt in law school? ›

How to Avoid Significant Law School Debt
  1. Save Money Before Attending Law School.
  2. Apply to In-State Public Law Schools.
  3. Perform Well in College and on Your Law School Entrance Exam.
  4. Find an Employer Who Will Subsidize Your Legal Education.
  5. Apply to Law School Only When You're Ready.
  6. Apply for Multiple Scholarship Programs.

How to support yourself financially in law school? ›

How to pay for law school and living expenses: 6 options to explore
  1. Law school grants.
  2. Scholarships for law school.
  3. Law school student loans.
  4. Work-study and side hustles for law students.
  5. Law school loan forgiveness.
  6. Loan repayment assistance programs.
Sep 21, 2022

What is the most important thing for a law student? ›

Here is a list of some of the skills we think are most important to being a successful law student.
  • Studying law requires a number of skills, it is intellectually challenging but also highly rewarding. ...
  • A thirst for knowledge. ...
  • Excellent communication skills. ...
  • Independent Learner. ...
  • Teamwork. ...
  • Research skills. ...
  • Commercial awareness.

How to budget in law school? ›

Budgeting 101 During Law School
  1. Step 1 – Track Your Expenses—Keep a record of every penny you spend for two to three months. ...
  2. Step 2 – Plan To Save—Simply put, it's a good habit. ...
  3. Step 3 – Create Your Budget—Use the amounts you've been tracking from Step 1 and add in periodic expenses (gifts, insurance, etc.).

How old is the average law student? ›

The average age of law students is 25 or younger. Only 20% of law students are 30 or older. While only a small percentage of law students are above the age of 40, there have been several successful older graduates.

How much law school debt is normal? ›

The average law school graduate owes approximately $130,000 in educational debt upon graduating. 90 percent of students take out loans to attend law school or their prior education.

Can law school debt be forgiven? ›

Many organizations, including law schools, offer Loan Repayment Assistance Programs (LRAPs) to help lawyers who take on public service roles. LRAPs are loans that are canceled or forgiven if you do qualifying work for a set amount of time, often a one-to-three-year service commitment.

What is the average GPA for law school? ›

The average GPA for law school is between 3.5 to 3.7. However, like LSAT scores, it's important to understand that the specific average GPA can differ depending on the law school and its level of competitiveness.

Is law school debt worth it? ›

Many law school students borrow heavily to cover high tuition and other education costs. For some, the cost may be worth it, though it depends on the school and the career pursued after. Potential post-law school earnings vary widely by specialty, firm size, location, and other factors.

How do I ask for more money in law school? ›

1. Be Professional
  1. Use an appropriate subject line, such as 'Scholarship Reconsideration' or 'Request for Additional Scholarship Funds'
  2. Acknowledge your offer of admission and scholarship offer.
  3. Include a proper closing and thank the Admissions Committee for their time.
Jan 18, 2022

How much debt do most law students have? ›

The average law student graduates with $130,000 in student loan debt, according to the American Bar Association (ABA). Additionally, many new lawyers end up with lower annual incomes than their total loan balances, which can make it difficult to repay the debt.

What is financial aid for law school? ›

Some schools award merit money shortly after admission, while others may require separate scholarship application forms. Some schools award need-based institutional grant aid. Confirm with each law school what application materials are required and the deadline for submitting those materials.

How much should you have in savings for law school? ›

The cost of a law school education could exceed $150,000. Tuition alone can range from a few thousand dollars to more than $50,000 a year. When calculating the total cost of attending law school, you also have to include the cost of housing, food, books, transportation, and personal expenses.

What is the average debt of a law student? ›

The average law student graduates with $130,000 in student loan debt, according to the American Bar Association (ABA). Additionally, many new lawyers end up with lower annual incomes than their total loan balances, which can make it difficult to repay the debt.

Is law school worth the debt? ›

And most law students don't think the cost was worth it. From the ABA Journal: Almost half of all law school students have debt from their undergraduate education, more fund their legal education with loans and less than half say it was worth it, according to the AccessLex Institute's Legal Education Data Deck.

What is the average debt for each law school student? ›

The average total cost of law school came out to be about $193,000 in 2021. This included three years' worth of tuition and living expenses. Law school graduates can expect to owe over $100,000 in student loans by the time they graduate.

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