Student Loans – Forgive Me!

Student Loans – Forgive Me!

Time to get creative little chickadees! Student loans have got us down – but what if consolidation and refinancing are not viable options right now? Not to fret – I’ve got some ideas! First and foremost – talk to your student loan servicer. This is the company sending you monthly statements and taking your payments. [...]

Refinancing Student Loans

Refinancing Student Loans

Next stop on adventures in living with student loans is the wonderful world of refinancing. The process of refinancing means that you are going out to a new lender and arranging for a new loan to cover your existing student loan(s). This new loan will be on new terms, with a new interest rate (variable [...]

Student Loans – Is Consolidation an Option?

Student Loans – Is Consolidation an Option?

After taking a long hard look at your student loans and their respective interest rates, let’s turn to the options for managing and dealing with this debt in an efficient way. The first option we will cover is consolidation. There are major benefits to consolidating your student loans, but there are some drawbacks – I’ve [...]

Variable or Fixed – Understanding Interest Rates

Variable or Fixed – Understanding Interest Rates

You may remember that we had a heart-to-heart about how credit card debt interest rates work and we spent some time deciphering what exactly APR is (and how it completely destroys your life). Looking at the APR allows you to accurately compare the annualized cost of credit for your credit cards, student loans and other [...]

Lifestyle Creep

Lifestyle Creep

I don’t know about you, but the first time I got paid, I thought I was the richest person in the world. Granted, I was 17 and my only expenses were gas for my glorious little red Honda Civic ($16 for a full tank of gas in 2003), my cell phone bill ($28 per month) [...]