frugality Archives - Page 6 of 12 - Student Debt Diaries

Dealing with Unemployment Because of COVID-19

April 13, 2020April 13, 2020 Jordan RothmanRepayment Strategies

As mentioned in several prior articles, many student debt borrowers have been substantially impacted by the ongoing COVID-19 pandemic. Numerous workers have had their hours cut due to the crises, and some employees have been furloughed and even laid off. Nevertheless, by keeping a few things in mind, dealing with unemployment because of COVID-19 can be a little easier. It should first be noted that this website has already published articles discussing how student debt… Continue Reading Dealing with Unemployment Because of COVID-19

Student Loan Relief Because of COVID-19

April 6, 2020 Jordan RothmanRepayment Strategies

As many people are already aware, on March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act, also known as the “CARES” Act. This law provides for economic relief to American businesses and residents, and it is the largest government stimulus package ever passed by Congress. In addition, the CARES Act includes a great deal of student loan relief because of COVID-19. Legislators understand that student debt borrowers have been substantially impacted… Continue Reading Student Loan Relief Because of COVID-19

Saving Money While Quarantining at Home

March 30, 2020March 30, 2020 Jordan RothmanSaving Money

The ongoing COVID-19 pandemic has impacted almost every part of daily life for many individuals. Indeed, most people are currently confined at home in order to help slow the spread of the virus and to ease overburdened healthcare systems. Furthermore, many people are being forced to work remotely because numerous offices have been shuttered due to the pandemic. However, saving money while quarantining at home is possible in a variety of circumstances, and the money… Continue Reading Saving Money While Quarantining at Home

Going to College Just for the College Experience

March 2, 2020March 2, 2020 Jordan RothmanChoosing Schools

This website has already discussed how student loan borrowers can face a number of issues after debt-financing their college educations. As a result, prospective college students need to make careful decisions about whether to go to college and what they should study once they are in college. However, going to college just for the college experience is sometimes appropriate, and college may be worth the cost even if you do not explicitly train for your… Continue Reading Going to College Just for the College Experience

Crowdfunding Student Debt Repayment

February 24, 2020 Jordan RothmanRepayment Strategies

I have heard of some nontraditional ways of paying off student loans since I began Student Debt Diaries over two and a half years ago. Some have paid off student loans by winning the lottery, and others have seemingly paid off student loans through bankruptcy. Recently, I was perusing my social media, and I discovered someone who had set up a crowdfunding page aimed at paying off his student loans. Although crowdfunding student debt repayment… Continue Reading Crowdfunding Student Debt Repayment

Invest Available Money Whenever Possible

February 10, 2020February 10, 2020 Jordan RothmanRepayment Strategies, Saving Money

This website has previously discussed how student debt borrowers, and pretty much everyone else, should save money for emergencies. It is important to have some cash stashed away in case you are laid off, face medical issues, or experience a number of other problems in your life. Most experts advise individuals to put six months of living expenses aside for emergencies, but this does not all need to be in cash. Indeed, individuals should invest… Continue Reading Invest Available Money Whenever Possible

Prioritize Student Loans Over Retirement Savings

January 27, 2020 Jordan RothmanRepayment Strategies

As this website has already discussed at length, student loan borrowers often have a number of financial responsibilities and limited resources to satisfy these obligations. Indeed, student debt borrowers need to devote substantial funds to student loans each month, and also need to pay for living expenses, housing costs, and other expenses. In addition, as we all know, people should save money for retirement so that they will be able to enjoy a comfortable life… Continue Reading Prioritize Student Loans Over Retirement Savings

Dealing with Medical Costs and Student Loans

January 20, 2020 Jordan RothmanRepayment Strategies, Saving Money

This website has already discussed how students may have a difficult time paying for medical costs, since they have little disposable income. Of course, medical expenses may impose an unexpected hardship on people, and students are oftentimes affected the most by medical expenses because they do not have steady income. In addition, dealing with medical costs and student loans can be especially difficult for many student debt borrowers. However, by keeping a few things in… Continue Reading Dealing with Medical Costs and Student Loans

Paying Medical Costs as a Student

January 13, 2020 Jordan RothmanSaving Money

As this website has previously mentioned, current students and individuals grappling with student loans often have limited disposable income. Since students do not have jobs, and people paying off student debt need to devote large sums of money each month to their loans, it might be difficult for these individuals to pay for a variety of life necessities. However, if you keep a few things in mind, paying medical costs as a student can be… Continue Reading Paying Medical Costs as a Student

Should You Celebrate Paying Off Student Loans?

January 6, 2020 Jordan RothmanRepayment Strategies

As mentioned in the first article on Student Debt Diaries, paying off student loans was one of the biggest accomplishments of my life. This feat was the culmination of years of sacrifice and toil, since I had to save money in insane ways and work several side-hustles to pay off my student loans. As a result of this crucible, I justifiably wanted to celebrate paying off student debt in order to reward myself for accomplishing… Continue Reading Should You Celebrate Paying Off Student Loans?