Part 1: Budgeting (💸)

Don’t want to go broke? Exercise caution and live within your means

Andrew Peng
The Yappie
2 min readMay 30, 2019

--

By Andrew Peng

This is part one of The Yappie’s 2019 D.C. AAPI Intern Guide. Subscribe to our weekly politics newsletter now.

Overview

  • You need to exercise extreme caution and discipline for how you budget, especially if your internship is unpaid.
  • Why? Your university probably told you that your internship would provide you with invaluable work “experience” — but this summer journey will cost you roughly $3,000–6,000 total. Washington, D.C. is a very expensive city, and you’ll likely spend more money than you anticipate on transportation and meals.

General Tips

  • Locate your nearest ATM: Seek out ATMs within a building ASAP in case you need cash. Make sure to complete any transactions as quickly as possible.
  • Find some quarters: Because most schools like the George Washington University (GWU) convert their laundry machines to only accept these coins for the summer, you need to find a bank or individual who can give you quarters.
  • Document your costs: Start a spreadsheet and save your receipts. Calculate how much you’re spending per week on transportation costs, then add on housing and meals
  • Note: Interns in the federal government are usually eligible for metro benefits. More in the transportation section.
  • Takeaways: There’s a lot in this guide on what you can do, but costs add up quickly. Don’t be afraid to spend time on your own or feel pressured to see/do everything.

Subscribe and follow us on Facebook and Twitter (@theyappie). Send tips, ideas, events, job/internship postings, and cool projects to andrew.peng@theyappie.com.

--

--