A Financial Do Over
This is a guest post from Penny at The Saved Quarter as part of the Yakezie blog swap. This week, we were asked, “If you had one financial do-over, what would it be and why?”
This is a guest post from Penny at The Saved Quarter as part of the Yakezie blog swap. This week, we were asked, “If you had one financial do-over, what would it be and why?”
A long time ago in a galaxy far, far away… I mean, more like ten years ago about twenty minutes south on I-25, I took my first business and economics classes. Those classes changed my life and my outlook.
I’ve had bad financial education in the past and now trying to fix all of these errors which I’ve made. Currently I have 4 loans from Sallie Mae which are total to $30000. Two of these loans have APR of 7.75%, one loan has 9.25% and one has 10.25%. This is quite ridiculous in my opinion, and I need some advice on how to fix it. What would you suggest?
If you are about to head to college or have a future student in the house, it is a good idea to understand all of the extra fees you might be getting yourself into. This is no surprise too me, a six year student (four undergrad, two grad), that college costs a lot more than the sticker price.
On March 30, President Obama signed a new law that redefines the roles of much of the student loan industry. The law appears to be better for the government and better for those taking out student loans. Big banks are going to take a hit, however.
Almost every investment firm offers a 529 account. They talk about how great it is and how everyone should have one. Most people have no idea how a 529 works or what it is. This post will give you a breakdown on the basics of a 529 and what you need to know if you are going to get started with this type of account.