Three Easy Steps For Climbing Out Of Debt

Yesterday I read a weeks worth of all the blogs I follow and one spoke about debt, specifically credit card debt. Some people rack up tens of thousands of dollars worth of credit card debt which to me seems ... dodged the credit card trap may still have mortgages, student loans car payments, etc. While debt [more...]

Date: 2008-12-29 02:54:00

Blog posts (24) | Videos (25)
 

Why 2009 Will Be a Fantastic Financial Year For Me

J.D. is on vacation. This is a guest post from Katrina Ramser, a freelance writer who contributes to various websites, newspapers and magazines ... credit card and student loan debt. Inspired by Ramsey’s toughness, I made $450 monthly debt payments [more...]

Date: 2008-12-29 13:00:35

Tell All Tuesday ~ The 49.99% Edition

As I write this, it is still barely Tuesday, although it’ll already be Wednesday by the time most of you read it ... I earn solely to debt elimination, and come closer and closer to actually being able to live ... payment to my spouse’s student loan, to bring our percent of total debt eliminated since June [more...]

Date: 2008-07-16 03:05:20

Tell All Tuesday: Options Edition

As far as debt goes, nothing has changed since last week ... the minimum payments on my student loan and the car loan (like I have been doing all along) but next ... , that leaves $437.59 to allocate to one of those debts above its actual minimum. The car loan next [more...]

Date: 2008-10-14 19:10:15

Where To Put Your Money Right Now

This is for anyone who has under 250k dollars in stocks and bonds and also has debt ... payment, your student loan, the Rent A Center TV and Dell Computer Loan, your loan shark, your uncle [more...]

Date: 2008-10-15 14:24:46

Tell All Tuesday ~ Slowly Forward Edition

This past week, all I did directly towards reducing our debt was made my monthly car payment ... $21,414.50 Broken down into: Credit Card: PAID OFF 2/7/08 Student loan (at 7%): $11,084.68 Spouse ... about our future debt elimination strategy and I wanted to address it.    Once my spouse’s student loan [more...]

Date: 2008-09-23 19:39:00

Who Is Generation Debt?

This article was originally posted at Qvisory in October 2008 as a guest post ... be part of my ticket out of Generation Debt. As Broke Grad Student has become more popular, the small ... making enough blog-related revenue to cover my monthly student loan payments. Of course [more...]

Date: 2009-01-12 13:00:22

Accepting a down payment

Well I’ve discussed borrowing money from family in times of need, boomeranging home, and finances for a young couple starting out ... they were fortunate to get a $50k gift from a relative to pay off their student loans.  So should ... off debt, take it.  BUT not at the expense of your parents. My roomie will get a paid for wedding [more...]

Date: 2008-11-13 13:00:16

Tell All Tuesday - Bye Bye Student Loan Edition

Well, my spouse’s student loan, anyway. October is a three paycheck month for both my spouse and I ( ... our furnace died, so instead of that extra paycheck going towards debt, it went towards a new ... in and looked at the 10-day payoff number, it said $2601.54, so I clicked on the “Make A Payment” button [more...]

Date: 2008-10-07 18:29:50

Tell All Tuesday: Four Figure Debt Edition

Our total non-mortgage debt is now in the four figure range ... demolition!  Yesterday I made my “new” $300 payment to my student loan.  We are still building ... like that.  I like to feel like I am making progress.  This knocked the balance of my student loan down [more...]

Date: 2009-01-08 18:08:14

Goal # 1 Complete

I love setting easy goals. I can already scratch No. 1 off of my 2009 Financial Goals list – Pay off my student loan. I set my budget several months ahead, so January’s budget was devoted to paying off this debt. On Friday I scheduled one final payment for the balance of the loan, almost 10 years after I graduated [more...]

Date: 2009-01-11 15:55:00

Tell All Tuesday - Everything’s The Same And Everything Changes

Since we paid off my spouse’s student loan this month, everything else just got the minimum treatment last week.  This week, we haven’t done anything towards paying off debt as far as paying money out directly ... month. I figured out last week that I’d need about $490 above and beyond the snowballed debt payments [more...]

Date: 2008-10-28 19:16:41

Are there any Downsides to Student Loan Conslidation?

The most obvious downside is that even though your payments are smaller, you are extending them over a longer time ... . Then you’re just piling up more debt than if you hadn’t consolidated. [more...]

Date: 2008-11-04 17:56:59

What Happens When You Default on Your Student Loans?

As the economy tanks and employment skyrockets, the number of former students struggling to pay off their student loans is likely to grow, too.  While failure to repay any debt can have serious consequences, not making payments ... student loans are one of the only forms of debt that cannot be discharged in a claim of bankruptcy [more...]

Date: 2008-12-15 17:38:59

Ten Things to Do With $1,000 (Plus 21 More)

If you’ve suddenly come upon $1,000 you didn’t have the day before, you may get the urge to celebrate ... your student loan debt. This month, I again increased my monthly payment to my student loan debt. This student loan is currently the only debt I have, and I no longer qualify for a tax reduction [more...]

Date: 2008-09-15 12:00:04

Eliminate Debt

We can't deny the fact that our world suffered economic crises nowadays ... own more than one credit card, car payment, mortgage, bills, student loans, personal loans, home ... , lower credit card payments, budgeting debt, stay debt free and many more. It's guaranteed safe [more...]

Date: 2008-11-23 16:25:14

Money Match #5: Erin, Nashville Female Seeking Friends

It's been a while since we had any Money Match posts-- mainly because I totally flaked out and let a couple entries languish in the depths of my ... . This of course is my only form of debt, 54k in student loans. I have no credit card debt, no car payment, etc ... have me showing up on her front porch if I lived in Nashville! Email me at openwallet1 at [more...]

Date: 2008-10-28 13:17:00

Debt Consolidation: Will It Help Me?

We are in uncertain economic times.Many are falling behind in mortgages, student loans, car payments and credit card payments ... clearly explains what bankruptcy, debt consolidation, third party credit counseling and debt settlement ... will negatively affect your credit score and cause an increase in credit card interest rates.One of the best [more...]

Date: 2008-11-30 20:48:00

Measure of Relief

The US government has several new student loan schemes to make debt less debilitating. ……… Daniel de Vise reports …………… Suzie Dundas is at that stage of life when student loans loom larger than car leases or electricity bills. The $390 monthly payments seem to stretch into perpetuity. They are her largest monthly obligation aside from her rent, which Dundas has decided she can no longer afford. She is about to move in back with her parents. [more...]

Date: 2009-09-06 11:04:18

Rule of Thumb For Reasonable Housing Costs?

In an earlier post on motivating myself to work harder, I had thrown out a piece of “common” financial advice: ... from a mortgage calculator. The “other debt” is the sum of your other recurring monthly liabilities - car loans, credit card balances, student loan payments. There are usually two lender ratios [more...]

Date: 2008-09-10 13:58:59

Does The Economy Make You Want To Pay Off Debt Or Build Up Savings?

Editor’s note:  I set this post to publish yesterday and made the classic “New Year” mistake of setting the date to 2008! ... , and then systematically started debt-killing.  First the credit card, then one student loan, then the car loan.  Now, we’re left with a $10000+ student loan, and a minimum payment of $145 versus [more...]

Date: 2009-01-09 15:08:06

Tell All Tuesday - Crazy Economy Edition

As I predicted last week, we haven’t made any new payments to debt this past week, ... (including snowflakes to the student loan)  for September.  I have about $170 in survey payouts and blog ... after all after the first student loan is knocked out.   My spouse’s student loan should be paid off [more...]

Date: 2008-09-30 19:07:16

Unpatriotic, sucker, short-sighted, or what?

By Thoreau I just made my last student loan payment.  I’ve been making more than the minimum payment because I wanted to be debt-free ... for not waiting on payments until the hyper-inflation era means that my student loans have the same [more...]

Date: 2008-11-26 04:38:20

Eliminate Debt: Get Back On The Road To Financial Independence

Everybody wants to attain financial independence but are tied down because of debts and lack of financial planning ... to credit cards, car payment, mortgage, student loans, personal loans, home equity, and other bill ... are as long as the one I mentioned above, then debt consolidation might be the best choice. The third [more...]

Date: 2009-01-12 06:32:10

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