Three Rules for Managing Student Loans Smartly Whatever the expenditures are for, if you overspend, you'll over-borrow. Unless you're managing ALL your money wisely, you may indirectly be mismanaging your student loans, which will impact your lifestyle for years while you pay them off. Borrow Only What You Need, Only When You Need … [Read more...] about Manage Student Loans
http://www.forbes.com/sites/specialfeatures/2013/08/07/how-the-college-debt-is-crippling-students-parents-and-the-economy/ … [Read more...] about Loan Payments
Remember those loans you took out to help pay for school? The six months of your grace period gave you the time you need to make sure you know how many Federal Stafford Loans you have, what your monthly payment amount will be, where to mail your payment, and when to start paying the loans back. When it's time to make payments on your loans, you will work with one or more loan … [Read more...] about Loans
Start budgeting Establishing a budget and sticking to it isn’t easy, but it’s the best way to be in control of your finances and make sure your money is going toward the expenses that matter most to you. Follow the steps below as you set up your own, personalized budget: Make a list of your values. Write down what matters to you and then put your values in order. Set … [Read more...] about Budgeting
How can we avoid becoming part of the debt trap? Recognize the Trap. Traps work because they’re disguised – they’re not easily seen or recognized. A trap is a lie. Ask yourself these questions: What’s the lie of debt? How is it disguised? Here’s how it is commonly misrepresented – “You need to build your credit to improve your FICO score., You deserve it!, It’s a part of … [Read more...] about Debt & Savings