Today, I am so excited to be able to share with you one of my favorite debt-free success stories. After receiving her first student loan payment in the mail, Michelle knew she had to get serious about paying off her debt. She knocked out her loans in only 7 months thanks partially to her side hustle: blogging. I was fortunate enough to get to interview Michelle about her debt payoff and the success of her blog, Making Sense of Cents. Keep reading to see how she turned her blog from a
You know, after reading a ton of other people’s debt payoff stories I wondered to myself, “How much debt have we paid off?” After taking the time to calculate it all, I about had a heart attack. To even imagine that in 7 years we have paid off over $90,000 of debt really makes me feel…well…makes me feel like we wasted a ton of money! It’s hard not to think about how beneficial it would have been if we had saved all of this money instead. But, the past is gone and all we can do is learn from it right? Well, if you find yourself with a similar debt number, I want to share with you our exact plan of attack and how we paid off $90,000 of debt in 7 years using the Debt Snowball, plus a few other tips.
Today I have a guest post from Andrew…
Many more than half of all college students use student loans to pay for school. The average graduate, in fact, finishes school with tens of thousands in debt. A lot of students don’t truly understand how student loans work—or how that debt can affect everything from their credit to their career for years to come. Not understanding the position they’re putting themselves in with student loan debt can cause a number of problems later, so it’s important to be aware of the ramifications of taking out a student loan.