Student loan repayment has resumed after a temporary hiatus due to the pandemic. But did you know that even though your first payment isn’t due until October, your interest has already started accruing? Now that we’ve taken a closer look at student loans and the way that interest compounds on them, we’ll dive into repayment…
Category: Personal Finance
Student Loans Part 1 – Why is There a Debt Crisis?
13% of the American population has some form of student loan debt as of 2023; are you one of those roughly 45 million Americans? Are you struggling to get out from under the debt you found yourself in after graduation? You’re not alone! Before we dig in, I want to congratulate you on taking the…
Do I Need An Emergency Fund?
Surprise! Your car just broke down and needs $1500 worth of repairs. Do you have the cash available to fix it today so you can get back on the road? Or will you be asking a friend to front you the cash and you’ll promise to repay them? Having an emergency fund saved up can…
Building Your Credit
Lately, Americans have been divided by different generational ideas surrounding credit scores. Some think you don’t need one at all, some think your score doesn’t matter, and others believe that a good credit score is a necessity. Let’s look at some of the reasons why… No Credit If you don’t have a credit score, you…