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The quickest way to pay down school loans and save at the same time. I am lost. keep reading these personal fi
Personal Finance
fengshui asked:
Hi,
I dont make a lot of money but I would like to know anyone method for paying down their school loans or other debt and saving at the same time. Does that make any sense.
I within the last 1 or so, I have gotten really interested in finances. I have read about 10 books but still find myself stuck and don’ tknow what to do.
Sphere: Related ContentHi,
I dont make a lot of money but I would like to know anyone method for paying down their school loans or other debt and saving at the same time. Does that make any sense.
I within the last 1 or so, I have gotten really interested in finances. I have read about 10 books but still find myself stuck and don’ tknow what to do.
Tags: Fi, Finances, Lost, Money, Personal, School Loans
July 14th, 2008 at 2:24 am
I would suggest moving 5 - 10% of your salary into savings as soon as you get your paycheck. The rest of your paycheck you need to budget and decide on how much you can pay towards your debt. Start keeping a tab on your expenses. If you spend more than your income, you need to go back to your records and trim out your “non-essentials”. Fiscal discipline is required my friend. It will be tough but you will get there. All the best.
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