Saving Money Archives - Page 6 of 7

Being Cheap Can Cost You Money in the Long Run

November 12, 2018 Jordan RothmanRepayment Strategies, Saving Money

Everyone who reads this website is likely very aware that I am a huge proponent of eliminating expenses so that additional cash can be devoted to student debt. And it is true that saving money is as integral part of any strategy to pay off student loans. However, based on my own personal experiences, sometimes being cheap can cost you money. It might sound counter-intuitive that frugality can actually lead you to spend more money.… Continue Reading Being Cheap Can Cost You Money in the Long Run

Having a Car While Paying Off Student Loans

October 29, 2018 Jordan RothmanSaving Money

This website has already discussed numerous strategies that can be used to save money so that additional cash can be devoted to student debt. As previously mentioned, living at home is a viable cash-saving tactic for many student debt borrowers, and there are a variety of mindsets that can be employed to cut expenses. Although many people need cars for their daily lives, having a car while paying off student loans might be an unnecessary… Continue Reading Having a Car While Paying Off Student Loans

Why I Chose to Live at Home During Medical School

October 25, 2018March 11, 2022 Adam RothmanGuest Articles, Saving Money

As I stated in several of my prior articles, medical school is far from cheap. With annual tuition averaging over forty thousand dollars, it is imperative to cut costs wherever possible. When I was set to begin my first year of medical school, I took out the maximum amount of federal student loans I was able to borrow, equaling around $55,000. While this funding covered the cost of my medical school tuition (which was slightly… Continue Reading Why I Chose to Live at Home During Medical School

Paying for Test Prep Classes Can Save You Money in the Long Run

October 22, 2018 Jordan RothmanChoosing Schools, Saving Money

Preparing for standardized admission tests is no fun. Most people need to study for months in order to perform their best on standardized tests, and this is especially difficult for people who are students or are working full-time. Studying for standardized tests is even more difficult for people with student loans, since individuals must typically shell out thousands of dollars in order to take exam prep classes or purchase study aids. However, paying for test… Continue Reading Paying for Test Prep Classes Can Save You Money in the Long Run

A Dollar Saved Is Better Than a Dollar Earned

October 15, 2018 Jordan RothmanSaving Money

We have all probably heard the expression “a dollar is saved is a dollar earned” at one point or another during our lifetimes. And it is true that if you spend less money on unnecessary things, you will have more cash to devote to paying off student debt or achieving other life goals. Although saving money is an extremely important part of repaying student debt, many readers of this website are more interested in earning… Continue Reading A Dollar Saved Is Better Than a Dollar Earned

Donating to Charities While Paying Off Student Loans

October 8, 2018 Jordan RothmanSaving Money

As this website has previously discussed, paying off student loans consumes considerable financial resources. Indeed, student debt borrowers oftentimes have little money to devote to anything else, like saving for retirement, purchasing a home, or accomplishing other life goals. As a result, donating to charities while paying off student loans can be difficult for numerous student debt borrowers. However, many individuals with student loans would like to contribute to charities, and there are some things… Continue Reading Donating to Charities While Paying Off Student Loans

Helping Family While Paying Off Student Loans

September 24, 2018 Jordan RothmanSaving Money

While paying off student loans, it can be hard to devote financial resources to anything other than repaying student debt. Indeed, many student loan borrowers dedicate a large percentage of their incomes each month to student debt, and this leaves little money left to devote to any other purpose. However, you might need you to consider helping family while paying off student loans if a life emergency arises. During my student debt repayment saga, there… Continue Reading Helping Family While Paying Off Student Loans

Be Financially Responsible After Paying Off Student Loans

September 17, 2018 Jordan RothmanSaving Money

Be Financially Responsible After Paying Off Loans

While repaying student loans, it is easy to think that paying off student debt will cure most of your financial problems. Indeed, many student loan borrowers devote a large amount of their incomes each month to student loans, and directing these funds to other purposes can improve one’s life. However, there are many reasons why you should be financially responsible after paying off loans, and continue to live a frugal lifestyle even when you no… Continue Reading Be Financially Responsible After Paying Off Student Loans

Living with Parents While Paying Off Student Loans Is a Great Idea

September 3, 2018 Jordan RothmanSaving Money

Most of us have to devote a huge portion of our incomes to housing costs each month. Whether you rent a home or pay a mortgage, you likely need to shell out thousands of dollars a month just to have a place to live. Of course, there are definitely ways to cut down on housing expenses. Indeed, I had roommates and lived in less-expensive housing during my student debt repayment saga in order to save… Continue Reading Living with Parents While Paying Off Student Loans Is a Great Idea

How to Save Money for Retirement While Paying Off Student Loans

October 23, 2017November 15, 2017 Jordan RothmanSaving Money, Student Loan Repayment Guide

We have all likely been told many times in our lives that everyone should start saving for retirement as soon as possible. This is good advice, and saving for retirement even a year or two earlier can have a massive impact on how much money you have for your “golden years.” However, many of our elders and other individuals who tell us to start saving for retirement immediately do not know what it’s like to… Continue Reading How to Save Money for Retirement While Paying Off Student Loans