President Obama’s “Pay as You Earn Plan” is a new income contingent repayment plan that seeks to help students overwhelmed with student loan debt and the monthly payments they cannot afford. This plan can help provide students with immediate relief. Under this new plan, those who owe on student loans will only have to make… Continue Reading
Category Archives: Debt
Debt Snowball vs Debt Avalanche – Which is Better?
Debt sucks. Watching large chunks of your paycheck go towards credit cards, student loans, car loans, and a mortgage can be disheartening and make you feel like a puppet. When you are in debt you’re forced to work and earn money that you can’t even enjoy. Your creditors get to enjoy the fruits of your… Continue Reading
Paying Off Debt Fast with the Snowflake Method
You’ve probably already heard of the debt snowball technique for paying off debt fast. But what about the debt snowflake? Popularized by Dave Ramsey, the debt snowball method has you list each of your debts in order with the smallest balances first. Each month you make only the minimum payments towards each debt, except for… Continue Reading
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