All tagged debt free
After graduating in 2019, I was already overwhelmed with the idea of student loan debt looming over my head and my budget, so I set a goal to pay off my student loans before my 30th birthday. In this post, I share with you an update and how the forbearance has dictated my payoff strategy.
A big question that often comes up is should I be investing even if I have debt?
We all have different tolerance for risk, but a little number crunching will show that paying off debt AND investing will be more beneficial for you in the long run.
Today, I'm sharing with your some tools to help you decide for yourself.
“Make a specific birthday wishes and write it down. You will be amazed about the power of pen and inner strength to accomplish the wishes.”
By the time I had finished my masters degree last year (2019), I had accumulated over $33,000 in debt just from student loans. After reviewing the payoff schedule, it estimated that I would pay off my debt by the time I was 43. That’s when I decided I hated that plan. Instead, here’s my plan to pay off by debt by the time I’m 30, which is 5 years away.
And it all began with one small win.
This is a celebratory post. Back in 2014, my husband and I decided to purchase and finance a brand new vehicle, a Subaru Outback. Today, we just sent in our final payment and are now reeling in that monthly payment free feeling. No more monthly outlay. ::dance::dance::
“You will be in debt for the rest of your life.”
That was my welcome into the veterinary profession. Starting as early as when I began my undergraduate studies, if I spoke with a veterinarian, the assertion that I would be in debt for the rest of my life would inevitably come up. Going less waste is what allowed me to break the cycle of mindless consumerism and believe in a future where we can be debt free. I’m so excited to continue to align my actions with my beliefs and can’t wait to see what we can accomplish once we have financial independence.
I pretty much expected to be in debt for the rest of my life.
I graduated in 2011 from a private liberal arts college with a degree in Theatre and over $25,000 in debt. In addition to that, jobs were scarce when I graduated and I was unable to secure one directly out of college. I bounced around from job to job, industry to industry, city to city, making just enough to cover my bills and even save a little before settling in Buffalo in the fall of 2013.
