saving money Archives - Page 8 of 15

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

Wealthy People Shouldn’t Feel Guilty About Student Debt

December 23, 2019 Jordan RothmanAdvice for Parents, Choosing Schools

Wealthy People Shouldn't Feel Guilty About Student Loans

Student debt is a burden that is faced by millions of Americans. However, some people are able to obtain their degrees without needing to borrow student loans. Many students receive academic and athletic scholarships, and some universities ensure that all students will graduate debt free despite their financial background. In addition, some people do not need to borrow student loans because their parents are fully paying for their educational costs. Although such individuals may feel… Continue Reading Wealthy People Shouldn’t Feel Guilty About Student Debt

Should You Ever Give Up Paying Off Student Loans?

December 9, 2019 Jordan RothmanRepayment Strategies

As many people with student loans understand from firsthand experience, paying off student debt is extremely difficult in certain situations. Many student loan borrowers need to fork over an insane amount of money every month to make payments, and a substantial minority of borrowers have more than six figures of student loan debt. Unless borrowers enter certain fields and earn enough money, it can be nearly impossible to pay off student loans along with other… Continue Reading Should You Ever Give Up Paying Off Student Loans?

When You Should Get an LLM Degree

December 2, 2019 Jordan RothmanChoosing Schools

As many people already know, law school is extremely expensive, and students typically need to borrow hundreds of thousands of dollars to earn their law degrees. It might be difficult to think about any further education after receiving a law degree, since law graduates are usually saddled with an insane amount of debt. However, law students can obtain further degrees in law, and one such credential is an LLM degree. Since these degrees are typically… Continue Reading When You Should Get an LLM Degree

Staying on Campus During Vacations to Save Money

November 25, 2019 Jordan RothmanSaving Money

This website has already discussed a number of strategies that students can use to save money and minimize the amount of student debt they borrow to earn their degrees. Sometimes, certain cost-reduction strategies can not only lower your expenses, but also have significant academic benefits as well. From my own experience, staying on campus during vacations may not only help students reduce their costs, but can also help students boost their grades and make social… Continue Reading Staying on Campus During Vacations to Save Money

Setting Money Aside for Taxes While Working Side-Hustles

November 18, 2019 Jordan RothmanEarning Extra Money, Repayment Strategies

This website has already discussed how student debt borrowers need to pay a significant amount of money in taxes if they work side-hustles to pay off student loans. Indeed, workers typically must pay even more taxes on side-hustle income than on cash they earn from their main job, due to the self-employment tax and other issues. However, if you keep some things in mind, setting money aside for taxes can be easier, and tax season… Continue Reading Setting Money Aside for Taxes While Working Side-Hustles