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.
Tag Archives: Debt
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.
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.
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?
Happy New Year 2022!
Wishing all of our readers a Happy New Year. Thank you for your support!
Investing or Paying off Debt, which leads to a higher Net Worth?
Is it better to pay off debt faster and invest, or invest while paying off debt? In the perfect world of Banana Bread Land, smilingdad investigates.
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Actual spending vs. monthly budget
My family is making good progress on going from negative cash flow every month to cash flow positive. One of the things I did earlier was create an annual budget of all our expenses. For next month I am going to go one step further. I have taken that budget and divided by 12. ThisContinue reading “Actual spending vs. monthly budget”
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