Posts tagged as:

student loans

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Is college worth it?

by Karen on May 19, 2011

Lately, there have been tons of headlines touting the idea that rising unemployment, high tuition costs, and overcrowding in the post-college job market have made college degrees a poor value. Proponents of this theory believe that other career tracks — such as internships and entry-level positions that don’t require a degree — may be a […]

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Why we chose to let debt-free living wait

by Karen on April 12, 2010

Update: I just wanted to clarify something. We are currently repaying our student loan debt slowly but surely. Our loans are not in forbearance. We just aren’t focusing our efforts solely on debt repayment. We’re splitting our extra income between debt repayment and savings. In January 2009, we paid off our credit card debt. Compared […]

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We’ve been doing some big planning again for the future. That’s always dangerous. :) But lately, we’ve been talking about a timeline for becoming homeowners. The closer Tony gets to finishing school (about 17 months now), the more confident we feel that we want to live near family. We’re pretty set on starting our own […]

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One of the main concepts of frugality is that life isn’t a competition when it comes to finances. I try to avoid comparing myself to other people, because we inevitably fall short in terms of material possessions. Just for fun, though, I took a look at some national averages to see where we fall on […]

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Now that I’m frugal, it’s hard not to look back on the choices I made in the past with regret. Luckily, I came to my senses pretty early in life. I could have done a lot more damage throughout my 20s if we hadn’t decided to change our lifestyle before we got married. But I’d […]

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Once we became credit card debt free, we had an extra $200 a month available. We decided to put some of that money toward retirement savings every month, so we only have $100 left to work into the budget. Yesterday, Tony and I looked at our budget, and talked about where we’d like to put […]

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Being frugal means being flexible

by Karen on November 5, 2008

Over the weekend, I posted my goals for November. In summary, I planned to pay off the entire remaining balance on my credit card and finish half of our Christmas shopping without reducing the amount budgeted for savings. Well, this week I received a letter from my student loan company that threw off my plans. […]

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This week I received the loan application and promissory note for my private student loan consolidation. According to the letter, I’ve been “conditionally approved.” If all of my paperwork is sent back correctly and verified, I’ll be actually approved. If I’m able to consolidate these loans, I’ll cut the interest rate and minimum payment almost […]

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Last night I called Chase to find out more information about consolidating my private student loan debt for a lower interest rate. I was hesitant to call. With the stock market rebounding yesterday, part of me wanted to wait another week or so to see if the credit market stabilizes a little. The truth is […]

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