student loan debt

Here’s How Much the Average American Pays in Interest Each Year
www.thesimpledollar.com

From the moment we’re born, we’re taught that borrowing money is normal and, dare I say it, expected. From mortgages to car loans to $700 smartphones we pay for over 24 months, we’re taught to spread the pain of our purchases over the course of many months or years. Obviously, this mindset isn’t always bad. With housing […]

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Three Big Mistakes Students Make When Accepting Financial Aid
www.thesimpledollar.com

I graduated college with $145,000 in student loans. The worst part about it? I was willfully ignorant about the amount I borrowed. It would all be paid off by Future Me, right? Besides, not once during my economics courses was there a discussion about the adverse effects of high student debt. How bad could it […]

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Some Thoughts on the ‘Lost Generation’
www.thesimpledollar.com

Recently, I had a long email conversation with a reader about 10 years younger than myself. He’s firmly a member of the millennial generation, whereas I’m right on the dividing line between millennials and Generation X. This reader’s argument centered around the idea that the deck is stacked against millennials far more than other post-World War […]

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Budgeting Made Simple With the 50-30-20 Method
singlemomsincome.com

Have you ever wondered how much of your income should you be saving? I’ve offered some advice and suggestions on this topic before, but there isn’t really a one-size-fit-all answer for everyone. Saving is crucial if you want to meet your financial goals and be able to handle unexpected expenses without going into debt. While […]

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Six Times You Should Hire a Financial Planner (and Three Times You Shouldn’t)
www.thesimpledollar.com

Financial planners get a bad rap, and to a large extent that’s deserved. Far too many “planners” are really just salesmen in disguise, tasked with leading their clients into high-cost products sold by the companies they work for. But there are good financial planners out there if you know where to look, and in the right […]

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14 New Personal Finance Books to Read in 2017
www.thesimpledollar.com

Some of the most important lessons I’ve learned about money have come from personal finance books. While reading Your Money or Your Life, for example, I realized the money I earned was representative of my life force – and that each time I wasted money, I was wasting my own efforts. Other books like The […]

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Questions About 401(k) Fees, Razors, Camping with Kids, and More!
www.thesimpledollar.com

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. 401(k) fees and other options 2. Personal finance book recommendations 3. Roth IRA, 401(k), and taxes 4. Learn how to program cheaply 5. […]

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