I graduated law school with about $30k-$40k of student debt. Lived at home during articling and for the first 18 months or so of practice. I paid off my debt after about 8 months of practice. Still lived a decent life, went on trips, ate out etc. Moved into an apartment after about 1.5 years of practice when rents in Toronto were still reasonable. Travelled, ate out, bought toys and still managed to save a lot. Made a lateral move that substantially increased my income so saved even more. Took on a mortgage after 5 years of practice. I still manage to save a bit these days, but mortgage payments, house expenses and lifestyle expenses eat up substantially more of my income now than they used to. Other than our mortgage my SO and I have no debt so overall I have no complaints about our financial situation.
For the first few years of practice, how much have you been able to save/invest on an annual basis? Are you aggressively paying down loans or making minimum payments in order to maximize how much you can invest? Do/Did you live with roommates for the first few years of practice to save on rent? How many years into practice will you/did you wait before getting a mortgage?
probably nothing. but your marks do matter. you also said: "almost always", "i am hoping that will be the case for me"
so i think you already know the answer? do the best you can and you don't have to worry
also i don't necessarily think taking a pass over a letter grade matters. everyone else is in the same situation as you
Thank you everyone for your response! Any bit of insight helps. I’m currently living in London Ontario with my family - I have 2 kids going to school here - and wondering if commuting via train is a possibility. Not sure if anyone has done that before. I guess I’ll just have to wait till they release the class schedule and plan from there...