Debt

spent more than I earned with no savings and no job security. I made many unwise financial decisions, and I got caught up in credit card debts. However, since I got married, my husband and I decided to take control of our current financial state and work toward our future financial goal. Our financial goals include short-term goals like paying off our credit cards debt and stop using them. Our long-term goals are to save money to buy a house and invest more in the retirement saving account.…

I would have a similar experience as Adam. For that reason our professor gave us a scenario. Our case was that we had a $29,500 yearly income. We had $10,000 in school loans and $10,000 car loans along with a $2,000 credit card debt. Our goal was to pay off all our debt and have ate last $1,000 in an emergency fund and eventually reach $10,000 in the fund by the end of 3 years. Car: I originally had a Mazda 3 2014. Seeing I could not afford the monthly payments along with the insurance I…

25% of students say that is harder to buy a home while going to college (Pew Social). When people buy a home while they are going to college, they are practically putting themselves in a deeper whole of debt. 48% of experienced students say that paying off their debt, was harder to pay for their bills and everything else they had to pay for (Pew Social). Even if students build their own house, it will be very expensive and time worthy. If students build their own house, they will…

Heidi Hamler, an independent college adviser in Napa, has announced 5 considerations that parents and students should know regarding paying for higher education. Napa, CA - November, 2016 - The cost of getting a college degree has increased exponentially, leaving many students scrambling to come up with the tuition, or opting out of higher education altogether. Heidi Hamler, who offers college consulting in Napa, has announced five things parents and students should consider while researching…

in the US, college is not free at all. College is very expensive and even becoming more and more pricy every year. According to the research every students pays an average $50,000 during the first four years of college schooling. Students debt is the top one debt in the US and still growing every year rapidly. There is more than $ 1.8 trillion college tuition. That is more than most the country annual GDP. Most developed countries except the US offer free public college or very reasonable…

Government seems to be generous when it comes to giving money, but when it’s time to pay back government does not take chances. Statistics have shown that Americans owe about 1.7 billion dollars in student debt. According to a Times article, But can America Afford this Approach to Solving Student Debt? that states, “It has made itself the primary bank for students and put in place an expansive new safety net. A key provision allows all federal borrowers to cap their monthly payments at 10% or…

home's current owner detailing the home's purchase price, the interest rate you will pay and the repayment schedule. As in a traditional lending arrangement, the homeowner can foreclose if you fail to make your payments as agreed and can sell your debt to another party. You can often find sellers willing to perform a carry-back on Craigslist or through a Realtor, This type of arrangement is common among family members as…

means they are just starting so they might not need to take out student loans. The number of people with a student loan debt would probably be different if there was a focus on a specific year of college like just focusing on freshmen…

in the crisis. The poor financial dealings of some countries caused problems in 2009, when the bubble finally burst, both these debtor countries, like Greece, and lender countries, such as Germany, began to realize that defaulting on governmental debts was an option. This bubble effect across all of Europe caused the major…

and coming up with a plan that works for the both of you would be a better option. Debt consolidation is an agreement between both parties involved to pay off what you owe without losing any of your assets, with this happens a single loan payment is agreed upon with a little interest. This could also waive your current payments by agreeing to make small payments now but larger ones down the road to pay off the debt. Either way this is a much better option than filing for bankruptcy. You could…