Eventually, something changed in me. I was about to azing, beautiful, super-fun, and kick-ass wife (see picture). I needed to payday loan places in Chatsworth acquire my personal crap together. So, I started reading, and taking action on what I read.

I read every personal finance book and blog I could get my hands on (if you want suggestions, email me personally within ). These books literally changed my life. I studied. I applied. I moved into a smaller apartment. I sold my car and started biking to work. I even got creative and took out a 15-month attention-free credit card to cover expenses for a few months until my next student loan disbursement came (I paid the balance in full before any interest was due). Slowly but surely, my financial picture started looking better.

So, there’s some background. But that’s not really why I’m up at 5:38 AM on a Thursday morning writing this to you. This post is about one of my current financial strategies, and (more importantly), something you can do with your cash.

My partner and i resided really frugally in my PGY1, enduring almost completely away from the lady salary and you can getting my paycheck on my money. Nevertheless reality is you to definitely there is nevertheless got more than $100k to go. And you will we’ve additional a mortgage, old age coupons, and you will an increasing relatives to the financial picture.

While the I have graduated during the 2013, we’ve got generated a ton of improvements on my figuratively speaking

At the peak of my loans (I graduated with just over $200k), I was paying over $26 in interest daily. I calculated that as a resident, the first cuatro weeks away from my take home income would be given straight to the bank just to pay the interest on my loans.

Stop another and you can contemplate that. Each and every day, also to shop for a sit down elsewhere about cafe about healthcare in which I spent some time working do initiate me personally during the negative $29 on the day. just before I have earned things.

If you graduated recently (or are about to graduate), you’re probably in a similar situation. Doesn’t that make you furious? Because it sure as hell fires me up. It makes me burn with the fury of 1000 suns.

But before we get too carried away, this isn’t one of those “We’ve got to act throughout the student education loans!!” complainy-posts. I’m resigned to my choices. No one forced me to go to pharmacy school. No one forced me to take out more money than I needed. I wasn’t educated about what I was doing, but that’s my fault. That’s on me. I’m able and willing to deal with the consequences of the misguided choices of my youth.

However, that doesn’t mean I am not likely to do everything inside my ability to save money and relieve new monetary burden towards my loved ones.

Lowering your Education loan Burden

Reducing the notice on the education loan saves you quite a bit of cash. both in their payment per month and in the total amount your spend along the name of your own loan.

If you’ve been paying attention, you may have noticed something recently. Private loan companies are coming out of the woodwork offering lower interest rates compared to federal loans. This is especially true if you’ve got Graduate and Graduate Plus federal loans. which you probably manage if you graduated with a pharmacy degree.

Anytime yet another individual financial institution jumped right up during my Twitter offer, I might eagerly opinion the new deets. I found numerous organizations and a lot of plans one to searched attractive. But one thing always avoided me out of refinancing: Shortage of self-reliance.