More than 40 million Americans have become unemployed since COVID spread across the nation in March 2020. There is no sign of how long this high level of unemployment will last. If you or someone you know has lost their income or had their hours reduced due to COVID, there is thankfully unprecedented relief […]
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There’s no denying that student loan refinancing has become incredibly popular the past few years. With companies like SoFi receiving hundreds of millions – or in the case of SoFi, $2 billion – in funding, investors and existing companies are seeing student loan refinancing as a big opportunity. And why not? Student loan refinancing presents […]
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Public Service Loan Forgiveness, or PSLF, is a hot topic right now. Only payments made after October 1st, 2017, are eligible. Since 120 payments are required for PSLF, the earliest anyone could have possibly been eligible was late 2018. Now that we are past that date we are seeing a small number of borrowers […]
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Using a combination of investments, savings, and equity in our home, my wife and I could pay off all of our student loans. But we won’t. This may sound odd. After all, who wouldn’t want to be done with student loan debt forever? It’s a fair question, but pulling tens of thousands of dollars […]
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One reason why people struggle to get out of credit card debt is because of the high interest rate that the cards typically come with. Double-digit interest rates on credit cards is standard, and 20%+ is not uncommon. Credit cards with a 0% APR period allow you to pay no interest for a limited […]
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Credit card debt can be tough to deal with. Credit card debt typically comes with a high interest rate, and it can be difficult to make a dent in the balance. In an effort to pay off credit card debt sooner than later, many people opt to Get a free rate quote on their […]
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“It’s going to cost at least $7,000” the plumber told me. Cue that sinking feeling where you ask yourself “why me?” $7,000 was the quote I received for fixing a broken sewer drain-out, which was located about 15 feet underground, below the sidewalk in front of our house. And it was the dead of […]
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When you start getting your finances in order, your first order of business is usually to start an emergency fund. Emergency funds are so vital to financial wellness, because without them, it’s pretty difficult to make any significant progress. An emergency fund essentially provides a buffer so you aren’t completely derailed from your financial […]
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Odds are you have heard of SoFi, as they’ve spent millions of dollars on TV and other advertising. SoFi is short for Social Finance, Inc. It was founded in 2011 by four Stanford students with the specific purpose of providing more affordable options for student loans. Since it’s founding SoFi has raised over $2.5B […]
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I used to not give much attention to my net worth. That doesn’t mean I didn’t care about it. I was just more focused on increasing my income and lowering my expenses. The way I see it, your net worth will continue to move in the right direction as long as you are consistently […]
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