There are many things you can do this year to improve your financial life. You can start or add to an existing emergency fun. You can invest in a retirement account. You can budget. This year I want to encourage you to take a specific money challenge: take control of your student loan debt. Everyone’s […]
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You may be one of the millions and millions of Americans who have a lot of different student loans. This isn’t that uncommon or even unexpected. When you take out student loans, you typically do it at the beginning of each academic year. You may have a few from each year, and most borrowers go […]
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As college tuition rates continue to climb, more people are using 529 plans than ever before. You may be wondering what a 529 plan is. Simply put, a 529 plan is a tax-advantaged savings account that can be used to pay for qualified educational expenses. While most states allow you to save up to $300,000 […]
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This is a sponsored post on behalf of our friends at Citizens Bank. Despite Citizens Bank’s sponsorship, all opinions and/or advice are provided by YoungAdultMoney.com. #sponsored. The cost of college keeps going up, which is one reason why we now have over $1.5 trillion in outstanding student loans in the United States. A majority of […]
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This is a sponsored post on behalf of our friends at Citizens Bank Despite Citizens Bank’s sponsorship, all opinions and/or advice are provided by YoungAdultMoney.com. #sponsored . Most students give little time or attention to their student loans while they’re in school. And who can blame them? Between classes, working, and everything else in life, […]
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Do you have a ton of student loans? You aren’t alone. According to Pew Research four-in-ten adults under the age of 30 and one-in-five adults age 30 to 44 have student loans. The first thing you should do is this: Don’t Panic. It’s okay to be overwhelmed by your student loan debt. For many graduates […]
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Each individual’s personal finance situation is different. That’s what makes it personal. With that in mind I always hesitate to make broad assumptions when it comes to money and personal finances. Everyone has their own unique situation and challenges. But understanding where a demographic stands from a broader scale can be useful. For example, it’s […]
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A college education costs a lot these days. With college costs rising at rapid rates, many people have to take out loans in order to finance their higher education. Having to make a big student loan payment every month can prevent you from being able to invest for retirement and save money for life purchases. […]
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Is your high student loan payment affecting your ability to meet your other living expenses? Having any type of debt can often hold you back from saving more, investing more, and using your money for leisure purposes but when your monthly student loan bill is as high as your rent/mortgage or grocery budget, it can […]
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Becoming a parent comes with plenty of additional expenses – many of which, you have to prioritize. Like myself, many parents may experience feeling torn between saving for retirement and saving for their child’s college education. We all know that investing in retirement and getting started early is important if you ever want to be […]
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