When it comes to debt, you always have two options: pay now or pay later. Here’s why you should always choose pay now.
Many college students tend to live a frugal life, but there are other ways to keep from having to take out more student loans than you need.
College is supposed to be the time of your life. However, there are things I would do differently now. Here are the mistakes I made.
When you know it will take several years to get out of debt, it’s easy to lose momentum. Here are tips that can help jumpstart your payments.
Student loan debt is a real problem in the United States — reaching a balance of $1 trillion. Plenty of young people graduate from school with thousands and thousands of dollars in unpaid student loans. While the interest rates are low, people still struggle to make the minimum payments. While this is a real problem, […]
Getting out of debt is always one of the most chosen New Year’s resolutions in any year besides losing weight. Unfortunately, it’s also one of the most broken resolutions, too. However, this year is going to be different. This year you’re going to keep the promise you make to get out of debt. Here are […]
Attending school today is very expensive. Paying tuition requires loans. Some students also take out loans for housing or use credit cards to pay for expenses like books. This can leave a person with massive bills that are largely due just after graduation. Ignoring debt from school can ruin a credit report. Successfully dealing with […]
Credit cards. Student loans. Store credit cards. Dental credit cards. Car loans. First mortgages. Second mortgages. Lines of credit. Zero-percent financing. We’re borrowing for everything! How Debt Keeps us Constantly Broke We are like crows, in a sense. Hey, look at that shiny thing, we think. And we want it. For major purchases, we think about […]
According to the nonprofit American Student Assistance, there are approximately 37 million people with student loans in the United States today, and the average balance is about $24,000. Friends, this is not good debt. And Congress would like to double the student loan interest rate on federal student loans, starting in July. The terms on […]
Last week, I got a letter in the mail from ACS. It said, “Congratulations! Our records indicate that you have successfully paid off your student loan.” I was thrilled, to be sure, but on the other hand, I’m 31 years old. I felt like I should have paid this off years ago. I hardly resemble […]
Last week, I paid off my student loans. Pause for applause. Now, all I have left is a car loan. And that’s low enough to be gone before I can wear short sleeves outside. I feel like a balloon, barely tied to the bench at the picnic table. It’s secure, but the knot is loosening. […]
A lot of college students borrow money to pay for their higher education expenses. However, it can prove to be overwhelming if you graduate with student loan debt hovering over your head. Here are ten tips to help you pay off your student loans in a shorter amount of time so that you can live […]
Almost five years ago, I had a net worth of negative $23K, $200 in savings, and ample amounts of credit card debt. Fast-forward to now and you’ll find a far different financial picture: A net worth of over $130K, $87K in savings, and $0 in credit card debt. Plus, I own my first home, and […]
I feel like everywhere you turn, debt is abundant. That is sad… However, with that debt comes a person, and that person will eventually form a relationship. That relationship will usually be built around everything but money – love, friendship, shared interests, etc. And when the money piece comes out, will the relationship be jeopardized? Love […]