Prioritizing Debt Elimination While Still Saving

Being a young professional knee-deep in student loan debt, it’s hard for me to save and think about retirement. I’d rather use my disposable income to fund my next trip. However, in my efforts to be a ‘responsible’ adult I decided to create a system that prioritizes my debt and allows me to start saving for my future.

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Ashlee Nicole
4 Ways to De-Stress from Student Loan Debt

Right before I turned 30, I was depressed and didn’t know it. Luckily, a really good friend noticed a change in me and suggested that I seek help via my employer’s wellness program. After reaching out to them, I found out that I was eligible for counseling visits under my health insurance program. I spoke with a counselor and began to deal with my reality of having more than $135K in student loan debt. This was life changing for me.

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Ashlee Nicole
How to Plan a Vacation With Student Loan Debt

Over 43 millions Americans are repaying student loan debt.  With summer being here, many people are looking to enjoy it with a vacation. I recently took a trip to Mexico with friends. However, in the past I would pass up vacations with because I felt guilty about my student loan debt.  Now that I’ve vacationed, I have to admit that it was amazing and I am guilt-free because I planned far enough in advance and stuck to my budget.

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Ashlee Nicole
What You Need to Know Before Refinancing Student Loans

So what can be done to expedite paying off student loan debt?  Refinance your student loans into one new loan with one lender.  The new loan will pay off existing federal and private student loans. Credible reports that borrowers who refinance into a shorter repayment term can expect to save at least $18,000 over the life of their new term.  Refinancing student loan debt also reduces monthly payments and saves on total interest paid.

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Ashlee Nicole
Decoding Financial Terms Pt. 1

A large part of why I began blogging about student loan debt is because I found people don’t fully know their options on how to manage student loan debt. The language that these student loan providers use can get a bit confusing. In Part One of this series I wanted to discuss the difference between deferment and forbearance. 

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Ashlee Nicole
Decoding Financial Terms Pt. 2

Like a lot of new graduates, trying to understand what options are available to manage student loan debt it can be overwhelming. Credible does a great job of breaking down the difference between refinancing versus consolidating your student loans. 

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Ashlee Nicole