Understanding Student Loan Grace Periods, Deferment, and Forbearance

Understanding Student Loan Grace Periods, Deferment, and Forbearance

Grace periods are the time between graduation and when you need to start making payments on your student loans. Deferment allows you to stop making payments so you can return to school. Forbearance stops the payment requirement due to hardship. But caution is needed when using each of these options. Interest is most likely accruing while you are not making payments.

Stop Being Broke Right Now: Kick Off Financial Success with 10 Minutes and $10

I think there’s some truth to the title of Larry Wignet’s book You’re Broke Because You Want to Be. Heck, I’m broke because I made the (albeit uninformed) decision to buy things I couldn’t afford for about five years. But I don’t want to be broke anymore, and if you don’t either, here are five […]

Student Loan Forgiveness Guide

Student Loan Forgiveness Guide

You may be able to get some or all of your federal student loans forgiven if you enter into one of several careers. Although qualifying for forgiveness is not as straight forward as you might hope, so make sure you know the ins and outs of the program for which you hope to qualify.

New Feature: Email Notification of Follow-up Comments

I’m pleased to announce that I have just added the option for readers to to receive email notifications of follow-up comments to any post that you comment on! Just check the box before submitting your comment! You will only receive emails for follow-up comments on the posts that you select, and you can unsubscribe from […]

How to Break the Expensive Habit of Eating Out

Eating out—whether it’s at nice sit down restaurants or a drive-through window—is one of the biggest leaks in a lot of people’s budgets, including mine. Eating out has always been money-sucker for me. And eating out is hard to stop doing because after a while, where we eat becomes more than a choice—it becomes a […]

Q&A: How Can I Close Credit Card Accounts Without Hurting My Credit Score?

Mary writes: Since turning 18 (I’m now 26), I have already amassed nine different credit cards with a combined credit limit of around $30,000. I’m paying down a combined credit card debt on four of these cards of about $20,000. I’d like to close out accounts I’m not using and as I pay them off, […]

Inc., LLC, or Sole Proprietorship? A Quick Guide to Business Structures for Young Entrepreneurs

Inc. LLC or Sole Prop

Maybe you’ve got a killer business idea and a bullet-proof business plan, or maybe you’re already raking in some cash, either full-time or on the side. If you’re an entrepreneur, eventually you’ll need to decide how to structure your business.

The Bike Commute: How to Prepare to Ride Your Bicycle to Work

Soaring gas prices have sparked a newfound national interest in a very old piece of technology: the bicycle. I’m in the process of preparing to make my 14 mile round-trip daily commute by bike. While I’m doing it mostly for fitness, fun, and the environment, it will surely save money too. Here are a six […]

Cruel Overdraft Traps

I’ve always figured banks actually want you to overdraw your checking account so they can score a fee, but I had no idea banks manipulate transactions to cause overdrafts, as SmartMoney.com reports. Here are the two most shocking tricks banks use, and how you can fight back.

Suze Orman is a Buzzkill

I do not subscribe to the Suze Orman personal finance methodology. Unfortunately, I think most personal finance bloggers do. What am I talking about? It’s the notion that: “If you spend money, you’re stupid; If you’re in debt, you’re stupid.”