Thank you for registering for How to Budget for Taxes and Other Expenses as a First-Year Graduate Student! Please complete the action items below prior to the date of the workshop so that you can receive the full benefits of the workshop. During the workshop, we’ll be working with spreadsheets and documents. If the workshop is in […] The post Taxes and Budgeting Workshop Advance Preparation appeared first on Personal Finance for PhDs.| Personal Finance for PhDs
In this episode, Emily interviews Hui-Chin Chen, a Certified Financial Planner specializing in advising globally mobile professionals. Hui-Chin is a managing partner and financial advisor with Jade & Cowry, and she is a repeat podcast guest. Her first interview from 2019 is required listening for international graduate students and postdocs prior to starting this episode. […]| Personal Finance for PhDs
In this episode, Emily shares the microinterviews she recorded at three conferences this year. The conference attendees, all of whom either work at universities or have PhDs themselves, responded to this prompt: “What resource on your campus could graduate students and postdocs access to benefit their finances?” You’ll hear the responses in order from the […]| Personal Finance for PhDs
In this mostly solo episode, Emily shares how to manage lump sum fellowship income with respect to your budget, cash flow, and bank account structure. Grad students and postdocs struggle to manage their money when they are paid less frequently than monthly, such as once per term or once per year. This lump sum income […] The post How to Financially Manage Lump Sum Fellowship Income appeared first on Personal Finance for PhDs.| Personal Finance for PhDs
In this episode, I share what I’ve learned recently about the landscape of postdoc benefits in the US, specifically with respect to health insurance and workplace-based retirement accounts. This discussion of employees and non-employees or fellows may be familiar territory to some of you, but I also know I’m reaching people who have never heard […]| Personal Finance for PhDs
In this episode, Emily explains how to live on time with your finances. Living on time means maintaining financial margin in your life to be able to absorb unexpected occurrences in your income or spending. When you’re behind in your finances, your income is going out the door right after you receive it, you have […]| Personal Finance for PhDs
Why Join The Wealthy PhD? With Emily’s guidance, set the optimal financial goal for you for this 8-week period and steadily work toward it. Generate an individualized budget that actually works for your current career and life stage. Increase your income through winning a fellowship/grant, starting or ramping up a side hustle, and/or landing your […]| Personal Finance for PhDs
Free Resources Updated for Tax Year 2024 (Filing in Spring 2025) How to Prepare Your Grad Student Tax Return (Tax Year 2024): A full, detailed, and step-by-step explanation of how grad students should prepare their tax returns, covering the various income types a grad student receives and the education benefits available. The Complete Guide to […]| Personal Finance for PhDs
Beyond the typical questions a prospective homeowner asks himself when preparing to buy a home, a grad student must ask these additional questions.| Personal Finance for PhDs
On today’s episode, Emily interviews Dr. Matt Hotze, an administrative director at Rice University and co-host of the Helium podcast. When Matt moved to Durham, NC for his PhD, he immediately purchased a 3-bedroom house and rented the two extra rooms to his labmates. The rent Matt collected from his two housemates covered nearly all […]| Personal Finance for PhDs
Personal Finance for PhDs teaches and guides PhDs-in-training about personal finance through professional presentations, coaching services, and online resources. I believe that graduate students who receive stipends and postdocs can improve their finances during their training and do not have to defer financial success until they start their “real jobs.” By working on your finances […]| Personal Finance for PhDs
Thank you for registering for Start Graduate School on the Right Financial Foot! Please complete the action item below prior to the date of the workshop so that you can receive the full benefits of the workshop. During the workshop, we’ll be working with spreadsheets and PDFs. If the workshop is in person, please bring your […] The post Start Graduate School on the Right Financial Foot Workshop Advance Preparation appeared first on Personal Finance for PhDs.| Personal Finance for PhDs
In this episode, Emily presents five suggestions for reducing financial anxiety that you could use alongside your general anxiety management strategies. These five suggestions are designed to be used by graduate students, postdocs, and PhDs who are in objectively stressful financial situations. They include choosing just one financial goal, taking a small step, creating a […]| Personal Finance for PhDs
In this episode, Emily interviews Hannah Takasuka, a 3rd-year PhD/DDS student at the University of California, San Francisco. Hannah is in the process of purchasing a condo in San Francisco as part of a governmental program to provide affordable housing. Hannah overcame multiple hurdles in the journey to home ownership, including being rejected by mortgage […]| Personal Finance for PhDs
Thank you for registering for How to Weather a Financial Emergency as an Early-Career PhD! Please complete the action items below prior to the date of the workshop so that you can receive the full benefits of the workshop. During the workshop, we’ll be working with spreadsheets and PDFs. If the workshop is in person, please […] The post Financial Emergency Workshop Advance Preparation appeared first on Personal Finance for PhDs.| Personal Finance for PhDs
In this episode, Emily interviews Jonathan Sun, a second-year PhD student at Yale University. Jonathan purchased a house in New Haven after his first year in graduate school. He shares the process he used to search for and ultimately go under contract on a home, including applying for various incentive programs. But his home ownership […]| Personal Finance for PhDs
In this episode, Emily interviews her brother, Sam Hogan, a mortgage originator with Prime Lending (Note: Sam now works at USA Mortgage) who specializes in PhDs and PhD students, particularly those receiving fellowship income. Sam relays what it takes to qualify for a mortgage in terms of credit score, income, and debt load, including the […]| Personal Finance for PhDs
Listed below are the universities* to which I have licensed a version of How to Complete Your PhD Trainee Tax Return (and Understand It, Too!) and/or Quarterly Estimated Tax for Fellowship Recipients and the tax years in which we worked together. American Museum of Natural History — 2024 Boston University — 2021, 2023 Brandeis University […]| Personal Finance for PhDs
In this episode, Emily and her guest, Sam Hogan, explain how house hacking can benefit graduate students and early-career PhDs. House hacking is when you purchase a property, live in it, and rent out part of it. While not possible in every housing market, house hacking is within reach for many graduate students and certainly […]| Personal Finance for PhDs
I offer both live and asynchronous (pre-recorded) tax workshops on US federal income tax. During tax season I teach tax return preparation, and year-round I teach estimated tax. To learn more about or arrange to host/sponsor either workshop, please email emily at PFforPhDs dot com or book a call. Annual Tax Return Preparation Demystifying Taxes […]| Personal Finance for PhDs
Subscribe on Apple Podcasts, Google Podcasts, Stitcher, or Spotify. Please rate and review as well! As a PhD (in training), you face unique money challenges that stem from your low stipend/salary during your years of graduate school and postdoc training. Listen here for the hard-won financial wisdom of your fellow graduate students, postdocs, and PhDs […]| Personal Finance for PhDs
I offer workshops on various financial education topics for different audiences, all tailored to the PhD experience. My workshops are interactive and actionable and require active participation from the attendees; this is a change from previous offerings, which were largely in the lecture and Q&A format. They can be delivered in person or remotely. If […]| Personal Finance for PhDs
Emily published the first episode of this podcast in July 2018. This is the 200th episode, and over the last five and a half years, the podcast has featured 252 unique voices in addition to Emily’s. This last episode of 2023 catches up with the guests from Seasons 1 through 11. The guests were invited […]| Personal Finance for PhDs
In this episode, Emily features contributions from the PhD community and from ChatGPT around the topic of frugal tips. Grad students in particular are typically open to exercising frugality to decrease their expenses. Emily talks through her framework on how to decide which area of spending to target first with frugality. She then demonstrates how […]| Personal Finance for PhDs
In this episode, Emily interviews Madeline Hebert, a rising second-year PhD student in Human Development and Family Sciences at the University of Connecticut. Madeline’s household has an irregular income; her assistantship stipend varies between the academic year and the summer and her husband is paid hourly throughout the year with a variable schedule. Madeline details […]| Personal Finance for PhDs
