Archive for the 'Student Loans' Category

Where is the financial education in high schools?

Did you learn how to manage your finances, make smart financial decisions and save for your retirement IN HIGH SCHOOL? I know I didn’t.. Please post a comment if you did because I would love to hear that some schools are teaching practical financial knowledge.

Doesn’t it seem like there is a big gap there? They teach you just about anything in high school but they don’t leave you with the financial background to make smart decisions the rest of your life. They let you leave and pick out your colleges, student loans and credit cards but don’t teach you about them.

This all appears to trickle down into our society which seems to have become a debt culture. Everyone loads up on debt and when a financial stiff breeze comes by, (ie: Mortgage rate increases, Gas Price Increases, ect.) they can’t handle it. It is tough times for sure but everyone needs to take it upon themselves to get a good financial intelligence.

[end rant] - Sorry about that

There are so many great resources available and the online, on bookshelves, in podcasts and in audiobook form. I’ll teach you an audio book trick soon that allows you to “read” an audio book or two a month without putting aside any extra time in your life. (Because I know you are just as bogged down as I am!)

Photo Credit: OrrGroup - Ironic that it is a firm that helps with financial education. Go OrrGroup! Fill that gap!

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Long Term Goal: Pay Off Car and Student Loans

As of July 8, 2008:
Car Loan $4,253.42
Student Loans $96,095.59
Total: $ 100,349.01

Obtaining this goal will be the thing that really opens up our life a lot more. It will release a major strain on our cash flow and make it so that we can really start either getting into a bigger house or piling up some investment assets. These two loans account for a bit over $1,000 a month in payments.


We’ve been making excellent progress so far! We had two car loans in there but we paid off one for $7,800 in about two years and we paid the other down to $4,253.42 from $15,000. We are working it down steadily.

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