$80,000 in Student Loans Paid Off in 1 Year
- Created on 26 November 2014
Joe Mihalic was heading for lifestyle inflation after graduating from Harvard Business School with $101,000 in student loans. He found a great job and bought a home in Austin along with a couple of cars, a motorcycle, and a few other toys.
He was living the life!
He was also paying $1100 a month toward student loans.
One evening, Joe wrestled with that age-old question: is this really the life I want to live? What emerged was a new found sense of purpose, a blog highlighting his experience, and one mind-blowing challenge to dump $80,000 in less than 1 year.
5 Ways to Jumpstart College Readiness
- Created on 24 November 2014
We're all looking for ways to reduce college costs. This guest post by Aja McClanahan points out practical steps that should be considered. Learn more about Aja and her family's creative journey out of $100,000 worth of debt and into a mortgage free home.
Watching the CNN documentary, Ivory Towers, left a knot in my stomach. The frustration and hopelessness experienced by some of the students was so familiar. The film features students with hundreds of thousands of dollars in student loans and no real prospects for gainful employment. I remember being there so vividly. We are determined that our kids will have a different reality!
To this end, my husband and I are already thinking about higher education for our children, 5 and 9, right now. After research and practically walking out some strategies, I've come up with a list to help anyone jumpstart college planning.
Shayla Price Earned $100,000 in Scholarships for College
- Created on 22 November 2014
I love when Facebook is used constructively. Sure, there's a ton of mind candy, but one can also connect with a vibrant community of thoughtful intellectuals.
Not to boast, but #teamdebtfree continually impresses me with the quality of meaningful conversation and respectful yet passionate debate on a variety of personal finance topics. You're missing out if not plugged in.
One such conversation, inspired by our previous Midday Money Show guest - Aja McClanahan, was based on a CNN documentary. Ivory Tower explores whether the government should assist students struggling to repay massive student loan debt. That topic touched a nerve (a few nerves actually). What do you think?
Savvy Money Strategies for Single Moms
- Created on 20 November 2014
Emma Johnson is the founder of a community designed to encourage the professional single mother. Wealthy Single Mommy grew out of her own experience seeking support while raising two children and rebuilding after a divorce. She hosts a nationally syndicated radio show and is a regular contributor to national publications such as Forbes.
Emma is funny and upbeat, but she doesn't shy away from the tough topics. Whether she's taking on the institution of alimony or breaking down the financial aspects behind housework outsourcing, she's plain spoken and doesn't mince words. I love a passionate debate and appreciate her taking to time to encourage single moms.
I'm new to the parent party and working with a willing spouse is hard enough. My hat goes off to those doing an effective job as a single parent. Tune in to this episode of the Midday Money Show and enjoy Savvy Money Strategies for Single Moms.
5 Ways to Make Budgeting a Family Affair
- Created on 19 November 2014
Beginning a journey out of debt begins with exercising your budget muscle. Whether using pen and paper or a nifty online application, capturing an accurate picture of income vs expenses is the objective.
Think of the budget as the guide rails on the road to financial maturity. Each month (or pay period), project which expenses will be satisfied with available funds for the current period.
The budget helps you determine exactly how much income you have left to attack outstanding debt. In order to build a budget that works for your household:
Meals @ Home This Month Update
- Created on 17 November 2014
We’re half way through November and I’m curious…how has the challenge been so far? Have you noticed anything about your food purchasing patterns? Have you tried any interesting recipes? Have you thrown in the towel completely?
Challenges are good because they allow for focused effort over a limited time period. I love to use challenges to break up the monotony of budgeting, frugal living, and dumping debt. They add a little sparkle. Let’s face it, if dumping debt was super sexy – everyone would do it.
Financially Savvy Saturdays #64
- Created on 14 November 2014
If it ties into personal finance, we want to read it!