Saturday, April 8, 2017

Student Loan: What Now

Okay, so I am in deeper than I thought. So going to a private school sounds all fine and dandy until the bill comes in the mail. Since my parents are not independently wealthy that bill comes by way of student loans. I look at this MASSIVE loan and think how am I going to get through this thing. Well ready or not here I come. The grace period recently ended and have now made some payments. The payments feel pretty huge. Something that adds the fact that I have some hefty loans is that I have 3 kids and one on the way. In other words I am not just a bachelor who wants to waste money on personal gratification, I gotta put food on the table. Something I have going for me is this, I budget religiously. My wife and I have set up a plan that will help us pay our loans, cover our bill, and even save for a rainy day.

While in physical therapy school my wife and I purchased the Dave Ramsey Financial Peace University (FPU). We went through the DVDs and worked on the work book and we got into a good budget groove. The FPU gave us a great starting place for our budget and getting on the same page in regards to our budget. I would listen to some of the Dave Ramsey radio shows and I often walked a way discouraged. I always felt like the people calling in often had consumer debt. So they would sell their overpriced boat, RV, and cars and next thing you know most of their debt was paid down. I still felt inspired to stick to our budget understanding this would not be an overnight fix.

I thought if I started reading student loan pay off success stories I would feel better about getting the money paid down. I soon found my situation was somewhat unique to most of the stories I read. I have a family of 5 which is soon to be a family of 6. This is not common place for a recent grad trying to pay down loans. I realized my story is unique to me. This has made me want to share my journey not because I think anyone should feel inspired to do it the way I am but to feel empowered to find a way that is going to work for you.

So as I ask myself the question about my student loan: what now? Be responsible and pay it off.

In posts to come I will lay out how my wife and I plan to chip away at the student loan, pay our bills, and tuck a little away. If you have any questions, comments, or suggestions please write them below.

13 comments:

  1. I’m impressed with the special and informative contents that you just offer in such short timing.Blogger blog

    ReplyDelete
  2. The complete blogs are really inconceivable and definitely everyone will share this information. Progressive Money Loans

    ReplyDelete
  3. When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I receive four emails with the same comment. Can there be however you possibly can get rid of me from that service? Thanks! malatytherapy

    ReplyDelete
  4. Oh my goodness! an amazing article dude. Thanks However I’m experiencing problem with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting similar rss downside? Anybody who knows kindly respond. Thnkx chiropractor

    ReplyDelete
  5. definately enjoy every little bit of it and I have you bookmarked to check out new stuff of your blog a must read blog! Website

    ReplyDelete
  6. There are so many benefits of physical therapy that it can be good for a patient in a number of ways. Preferred Rehab

    ReplyDelete
  7. The start of treatment for the patient is to examine their own issues with the therapist to improve their enthusiastic state as well as life circumstance.Living Well counsellors Calgary

    ReplyDelete
  8. Thanks for a very interesting blog. What else may I get that kind of info written in such a perfect approach? I’ve a undertaking that I am simply now operating on, and I have been at the look out for such info. slot

    ReplyDelete
  9. This is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value of providing a quality resource for free. MONEY LENDING SINGAPORE

    ReplyDelete
  10. Great job for publishing such a beneficial web site. Your web log isn’t only useful but it is additionally really creative too. There tend to be not many people who can certainly write not so simple posts that artistically. Continue the nice writing Bail Bondsman

    ReplyDelete