{"id":4875,"date":"2013-03-26T23:25:55","date_gmt":"2013-03-26T17:55:55","guid":{"rendered":"https:\/\/internshala.com\/blog\/?p=4875"},"modified":"2014-06-21T18:44:51","modified_gmt":"2014-06-21T18:44:51","slug":"first-stipend-broke","status":"publish","type":"post","link":"https:\/\/internshala.com\/blog\/first-stipend-broke\/","title":{"rendered":"“My first stipend left me broke!”"},"content":{"rendered":"

Name: – Zofishan<\/p>\n

College: – IBA<\/p>\n

Interned at: – Citibank<\/p>\n

How did I spend my 1st intern stipend?<\/p>\n

\n

My first stipend? Oh you mean the one first paycheck that works more like a credit card? Or did so in my case thanks to \u2018pay-cash-on-delivery\u2019 and the I’ll-pay-you-back-later concept. And you\u2019d expect a business graduate to be wiser with her money (yeah, my parents made the same mistake) or at least know that \u2018savings\u2019 wasn\u2019t just a term used by banks (In my defense, my finance teacher\u2019s never ending monologue made time fall asleep. Of course it happened just once, and we had to smack the wall clock around a bit and eventually switch batteries to make it work again, but it happened).<\/p>\n

Anyway, back to my credit stipend story. After I read the contract I realized my purchasing power (Econ term. See, I was paying attention) was definitely going to rise. I figured it was time to play that part too. Two weeks later, phrases I had repeated throughout high school and university were replaced by, \u2018It\u2019s okay, I got this,\u2019 and \u2018Put it on my tab.\u2019 Of course, six weeks later after my stipend had been used to pay off my debts, I was back at \u2018Um, maybe later.\u2019\u00a0 Broke but definitely wiser.<\/p>\n<\/blockquote>\n

Was Zofishan’s story entertaining? Tell us here<\/a><\/strong>\u00a0what you did\/would do with your first stipend and you could win exciting prizes!<\/p>\n