Paying Off Loans with My Savings Account? [Reader Question]

should i pay off debt or save money

Since starting this blog, I’ve gotten lots of questions from friends and family about their current financial situations.

I get great questions regarding something they’re thinking about doing, whether or not they should consolidate, etc.

I love being able to help people decide what their best options are, but sometimes, their questions frighten me at first.

Recently, I received a text from a friend that said:

“I either just did something great, or really stupid with one of my student loans.”

My mind started racing – did she consolidate with a shady company, or pay it off with a credit card balance transfer?

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5 Small, Yet Meaningful Changes to Improve Your Financial Well-Being

- - Money Mindset, Saving Money

Small yet meaningful changes

There are many small, yet meaningful changes you can make in your life that could potentially have a huge impact on your life. From changing your mindset, habits, expectations, and realizations of where you currently are, there is a lot of room for improvement in all of us.

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“How I Paid Off My $90,000 MBA in 2 Years…and 6 Days”

mba paid off in 2 years

This post was written by my friend Eric Rosenberg, a full-time freelancer and blogger at Personal Profitability. He’s going to show you how to pay off 90,000 in student loans and how to pay for your MBA. Eric writes about personal finance and entrepreneurship at InvestmentZen, his own blog, and other sites around the web. 

College is expensive. Looking at the headlines, you can read about millions of people struggling with the cost of college and student debt. When I signed up for the MBA program, I had a bit of sticker shock myself. The $90,000 price tag was steep, but I knew that if I went into it with a plan, I could get a great education, increase my income, and get out of debt faster than the ten years it takes many other borrowers. Continue Reading

Meeting Your Financial Goals After Becoming Debt-Free [+Infographic]

- - Getting out of debt, Investing

investing ideas for motif

 

My friend Joseph Hogue of MyStockMarketBasics.com wrote this great guide to help you save for goals after paying off your debt. This post does contain affiliate links. Thanks for putting this together, Joseph!

Use this guide to make investing easy and reach your financial goals after achieving your freedom from debt. I read an excellent guest post on BrightCents last year about what to do after paying off your debt.

It’s a topic too often neglected on a lot of personal finance blogs. We spend so much time talking about budgeting and achieving that freedom from debt that little room is left for what to do afterwards.

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Getting College at a Discount with Scholarships [+4 Resources You Can Use]

Discounts for collegeAs someone who graduated college with $72k in student loans, I wish I would have taken advantage of scholarships and grants. Andrew started a website called ScholarshipFly.com, that aggregates a lot of scholarships that are available to college students and has some other great ideas help save money for those going into college. Take it away, Andrew! Continue Reading