Posts Tagged ‘Student Loans’

Review: Debt-Free U

Every Sunday, The Simple Dollar reviews a personal finance book or other book of interest. When I went to college back in the late 1990s, my school was pretty much selected for me due to the scholarships I received. I didn’t have any financial resources of my own to help me get into college, nor was the internet widely available and full of easy resources to learn more how to acquire them. In short, I was left with a decision that seemed pretty much made for me. Looking back, I realize that the decision was not as clear-cut as I… Read the whole article...

What Does it Mean to be Broke

Being broke means that you are relying on cash advances on your credit card in order to pay your rent or your mortgage, and you are praying that you are going to have enough money left on your credit line in order for you to do so. Being broke means having more student loans than you can handle, making you nauseated when you begin to think about how long it will possibly take for you to repay them. Being broke means being afraid to open up your credit card bills because you are legitimately afraid to see what you… Read the whole article...

The Bondage of a Debt Financed Lifestyle

Many Americans find themselves in quite the situation financially these days.  Their situation is nothing short of bondage.  They are completely trapped because of years of borrowing money to finance a lifestyle that was unattainable without debt.  They aren’t the only guilty party.  The government has encouraged it and the banking system was more than willing to loan the money. The problem is that while government can tax, print and borrow, and banks can ask for bailouts, most individuals are stuck in the bondage that they have created for themselves.  People have been living beyond their means for far too… Read the whole article...