Charlie Bridger is a 20-year-old City Year AmeriCorps member from North Carolina serving with City Year Boston between his junior and senior years of college. Following an epic summer road trip, he will be returning to school at UNC Asheville to complete his Bachelors in Neuroscience and Psychology as well as his credential in K-6 education.
What is it really like to live on the stipend? Find out what Charlie has to say about how he makes his $1,000 a month stipend work for him in Boston.
Q: What is a benefit of living on the stipend?
A: Budgeting. I have gotten much better at one of the most difficult parts of being an adult, because I haven't had much of a choice. Being able to budget well is essential for people who want to spend their hard-earned money efficiently and productively. The fiscally consistent bi-weekly stipend is a great training tool for people who may not be used to receiving a fixed-income.
Q: What is difficult about living on the stipend?
A: Balancing necessities and fun on a fixed income. You always have a choice about how you spend your time and money. When you have a limited amount of both, those decisions can be pretty tough. For example, I am someone who values experiences, especially when I am in a new place. So when I created my original budget, I found that after covering all the bases of what is typically important for comfortable living, I had only a little wiggle-room for fun-seeking. I made a personal choice not to pay for internet or cable. This gave me extra money every month so that I could save up for a road trip that I'm planning for the summer and not be forced to pinch pennies on the weekends if I wanted to do something fun.
Q: What advice would you give new corps members about living on the stipend?
A: My advice would be:
- Go grocery shopping instead of eating out. It saves a TON of money and teaches you how to cook.
- Search for affordable housing on Padmapper.
- Take advantage of assistance benefits programs, if you qualify.
- Find out which discounts you're eligible for through City Year, such as free transit passes.
- Find free things to do in your city (especially if you have access to assistance benefits programs, which allow you to go to several museums for free).
Q: What are your monthly expenses?
A: My monthly expenses are pretty simple: Housing, Utilities, Food, and Fun
- My rent is $550 per month
- Utilities are about $20 per month
- Food is $150 per month
Whatever is left over goes toward fun, eating out and saving for my road trip.
Q: Do you have any last words of wisdom about living on the stipend?
A: Depending on the level of income reported during the year you serve with City Year, corps members can qualify for assistance with home utilities and exempt status on income taxes (which basically just allows you to keep the money you make when you make it, instead of paying taxes and then getting money back in April in lump sum).