Taking a Vacation While Paying Off Student Loans

Taking a Vacation While Paying Off Student Loans

This website has already discussed a number of strategies that student debt borrowers can employ to save money so that additional cash can be devoted to student debt. As mentioned in a few prior articles, I saved cash during my student debt repayment saga by not taking vacations. Because I never planned a traditional vacation, I pocketed thousands of dollars on flights, hotels, and all of the other costs associated with going on a vacation,… Continue Reading Taking a Vacation While Paying Off Student Loans

Having Fun While Paying Off Student Loans

Having Fun While Paying Off Student Loans

Paying off student loans requires a lot of sacrifice. As mentioned at length on this website, everyone hoping to pay off student loans early must typically cut expenses so that additional cash can be devoted to student debt. In addition, folks hoping to be free from student loans should also make extra money by working side-hustles. After reading all of the articles on this website, it might seem like having fun while paying off student… Continue Reading Having Fun While Paying Off Student Loans

Buying a Home Is Not Worth It in Many Situations

buying a home is not worth it

During my student debt repayment saga, completely paying off my student loans was my number one financial goal.  I wholeheartedly devoted myself toward my objective of paying off student loans, and I used a number of strategies to save money and earn extra cash so that additional funds could be devoted to this goal.  Once I was finally done paying off my student loans, my biggest financial goal was purchasing a home of my own. … Continue Reading Buying a Home Is Not Worth It in Many Situations

How to Survive the Holidays with Student Loans

Surviving the Holidays with Student Loans

As many people are aware, there are certain times in everyone’s lives when it is extremely difficult to save money. For instance, when a relative or close friend is getting married, it is almost impossible to avoid spending large sums of money on gifts, wedding attire, travel expenses, and other costs. In addition, the holiday season is another time when it is extremely difficult to save money. Whether it is purchasing presents, or traveling to… Continue Reading How to Survive the Holidays with Student Loans

Being Cheap Can Cost You Money in the Long Run

Being Cheap Can Cost You 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

Having a car while paying off student loans.

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

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

Paying for Test Prep Classes Can Save You 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

A Dollar Saved Is Better Than a Dollar Earned

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

Parents Can Help Their Kids Refinance Student Loans

Parents of Student Loan Borrowers

Many parents of student loan borrowers are probably very familiar with the concept of refinancing debt. Indeed, numerous individuals refinanced mortgages after the Great Recession to take advantage of historically low interest rates. In addition, many individuals also have experiences with refinancing credit card debt and other types of loans. Refinancing debt usually allows borrowers to spend less money on interest and enables individuals to pay less each month to service their debt. Student loan… Continue Reading Parents Can Help Their Kids Refinance Student Loans

Refinancing Makes It Easier to Manage Your Student Loans

Refinancing Your Student Debt

This website has already discussed how you can save a ton of money by refinancing your student debt. And it is true that refinancing can decrease the interest you pay over the life of your debt and might lower the amount you need to devote to student loans each month. In fact, many people can realize thousands of dollars of benefits from refinancing their student loans. However, it is not simply advantageous to refinance student… Continue Reading Refinancing Makes It Easier to Manage Your Student Loans