Getting through college without debt used to be an obtainable goal for many students. Now, a student is considered lucky if they graduate with minimal debt. The average debt that a college student will accumulate in four years is $35,051. This number is shocking, and to add onto it, this is for the average state college. Private colleges likely rack up even more debt.
(*This post was written by Kimberly Studdard, a regular guest writer here at Life And My Finances)
How to Get Through College Without Debt
Hope is not lost for you though. I have 15 different ways . . . → Read More: How to Get Through College Without Debt
There’s a difference between being financially uncomfortable, being comfortable, and reaching financial freedom. And Brian Robben is committed to reaching financial freedom and teaching others how to do it along the way. Today, I interviewed Brian who recently wrote the new book Freedom Money.
Debt is often a roadblock for many people trying to get rich. What are some specific tips you have to destroy debt?
I 100% agree that debt needs to go if your goal is financial freedom. Debt is vicious and can ruin your life if it gets too much power over you.
. . . → Read More: Freedom Money – The Road to Financial Freedom
It doesn’t make any sense does it? Just eight years ago, our nation saw one of the most devastating recessions in history, but now it seems like we’ve so quickly forgotten what put us there in the first place. Not only has personal debt been increasing over the last couple of years, it’s once again inching toward the all-time high.
5 Reasons Why People Are Taking On More Debt
There’s no doubt about it – people are taking on more debt, but why? Why would they put themselves at risk again? Are we all just so vain . . . → Read More: 5 Reasons Why People Are Taking on More Debt
Katelyn is 26 years old and has learned to hate debt (go Katelyn!). And, she’s learning to conquer with the best of them. I hope you enjoy her story as much as I did.
Student loan debt is the worst. There are so many things I would have done differently if I had known what $44,000 in student loan debt does to one financially, mentally, and physically.
I have two degrees – a BA in biochemistry and a MPH in public health. Both degrees cost me just over $22,000 in loans for a total of $44,103 in student loan debt. . . . → Read More: How I’m Conquering My $44,000 of Student Loan Debt
I officially became completely debt free on December 11th, 2014, just over a year ago. I paid off my student loans, my credit cards, the divorce settlement, and my house. I had no chains weighing me down. I was completely free.
So how has life been since then? Has a debt free life really been all that different than the one that had a student loan and mortgage payment? Let me tell you, it is worlds different.
The Debt Free Life – After 1 Year
Today, 371 days into my debt free life, I sit here at my laptop with . . . → Read More: My Debt Free Life: 1 Year and Counting…
Credit cards offer reward points and they can boost your credit score if you pay the bills on time, so why would I say that a credit card is a bad idea? Well, to put it simply, these two positives don’t offset the seven negatives.
7 Reasons a Credit Card is a Bad Idea
Really? There are seven cons to owning and using a credit card? That’s right, and these are seven solid reasons as well. Let’s dig into it:
1) You start believing it’s your money
You’ve got this card in your wallet and man, it’s powerful. You could . . . → Read More: 7 Reasons a Credit Card is a Bad Idea
I distinctly remember sitting down with my mother on the day I started my first job, and listening to her explain the importance of filling out the retirement plan packet that was just seconds away from being thrown in the nearest trashcan.
As a sixteen year old with an affinity for video games and basketball shoes, I couldn’t think far enough down the road to understand why a portion of my $4.75/hr. paycheck needed to go into an account that I couldn’t touch until I was my grandparents’ age. On top of that, I had car and insurance payments that . . . → Read More: Stop Retirement Contributions to Aggressively Pay Down Debt?
They say that the only people to get rich from gambling are casino owners. The same applies to debt! With consumer debt in the US at around $11.85 trillion, you can see that the only people who really benefit from your debt are the financiers and banks who caused the Credit Crunch and wrecked the economy in 2007. This isn’t far short of the £12.6 trillion debt mountain that US citizens had when the economy went into a nosedive in 2007, and the only people to really suffer from that was those at the bottom, receiving the credit.
What better . . . → Read More: Only Bankers Should Be Comfortable With Your Debt