Admit it, you are in debt. It’s all right, being in debt, in one way or another, is quite normal in today’s world. Gone are the days when items are paid in full (and in cash). Nowadays, people put purchases on credit or get loans to buy bigger and more expensive items such as cars and houses. Owing money or being in debt, unfortunately, has almost become the norm rather than the exception to the rule. However, this does not give you (or anyone for that matter) an excuse to dig yourself a deeper debt hole, or run away from your obligations. If you owe others: banks, financial institutions, friends, and relatives, money – you have to pay these off.
Not every college student is capable of financing his tertiary education. Each year, thousands of parents and college students themselves apply for a student loan. In fact, many complete their college and enter the working force still with remaining loan debt.
Data from the American Student Assistance (ASA) showed that of the nearly 20 million Americans that attend college every year, 60 percent or almost 12 million borrow annually to help cover the cost of their education. Currently, it is estimated that 37 million student loan borrowers still have outstanding loans.
In the U.S., there are various types of student loans available with each having its own specific rules and features. These include the Stafford, Perkins and PLUS loans. Learning about each of them can help you find the best one that fits your needs.
Knowing your credit score and ensuring that all details are accurate is another vital step before the application process. The credit score is an important determining factor in the type and amount of loan a student can avail of although there are certain loans that do not require this. [Read more…]
‘Celebs are people too!’ has long been the mantra for anybody suddenly finding their celebrity heroes in an embarrassing fixes that compromise their dignities. And this is true – celebrities are indeed people just as you and I are, albeit with issues blown way out of proportions. What may be a falling out with a friend due to unpaid money you borrowed is kind of like the same thing as earning tons and tons of cash, splurging on mansions, and ending up owing the IRS for a celebrity. Let’s take a look at some of the celebrities who were a bit down on their luck and ended up broke recently. [Read more…]
Almost everyone—even the rich—seems to have money problem these days. To help you out in these times of financial trouble, here are our top 10 money saving tips.
Tip #1: Ditch your expensive habits
Having a single puff or pint may not be that expensive, but smoking a couple of packs a day or drinking several bottles at a time would add up. If you see how much they all cost in a year, you’d be surprised. For instance, if a pack costs around $15 and you smoke at least two in a day, you’d spend $900 a month to keep up your habit. That’s a staggering $10,000+ on cigarettes alone. Think about it: if you completely stopped smoking, you’d be $10,000 richer in a year. [Read more…]
Just got your student loan approved? Congratulations. Now comes the hard part: making all ends meet. To help you make the most of your student personal loan, here are several tips for stretching your funds.
Tip #1: Budget your expenses
To stay on top of your expenses, prepare a monthly spending plan. This would involve recording all your outlays and keeping all your receipts so that you can account for every dollar. A spending plan would let you to make necessary adjustments and see what’s costing you more money. It would also help you prevent overspending, which is vital if you want to stretch your student loan. [Read more…]