<prompt> Human: Hey Reddit,So I was very fortunate to be accepted to a top med school for a 7-8 year combined MDPhD program with a full ride and a 30K stipendyear. I was relatively good at managing money in undergrad but now that I am about to enter this program and will essentially be resigned to 30K income for the next 8 years I thought I should try and plan how to manage money. Could you guys give me a breakdown of where you think my money should be going? The school is in a big US city so CoL will be relatively high.Thanks in advance!!  <response>: I was at caltech for awhile and the MD PhD students seem to have no problem managing their money. Live frugally. 