The new SAVE student loan repayment plan is out. It has the potential for millions of people to reduce what they pay on their loans and get out of student loan debt.
Category Archives: Finance
Finance: The “best” 529 plan
What’s the best 529 plan for college savings? There isn’t one. We highlight 4 plans from Ohio, New York, Michigan, and Utah that are roundly praised.
Finance: Seven ways to pay for college
Here are three conventional and four unconventional ways to save on college costs
Finance: A good loan interest calculator
We found a good total loan interest calculator that is easy to use. We walk through our own personal example of how much we save from extra payments on our student loans.
Politics/Finance: Hurray, the debt ceiling hostage has been released
The debt ceiling hostage survived. Markets respond positively.
Money streams and money lakes
We introduce the concept of money streams, emergency savings lakes, debt lakes, and the stock / flow analysis on how much to keep in your emergency savings lake, and how much to spend on your debt lake.
Wall Street is having a mini bank panic
What is Silicon Valley Bank and why did it go bust?
How $2000 saved us $6000
How $2000 pre-paid towards our student loans save us more than $6000 in lifetime interest
Variable mortgages will hit many countries hard
Variable rate mortgages will have a widespread impact on countries as diverse as Finland, Canada, Australia, and UK.
Variable rate student loans will cause future problems
A recent check of our variable rate student loans shows our interest climbing to dangerous levels, levels where the payment is insufficient to cover interest. What are our options?
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