paying off debt Archives - The Outlier Model

Financial Benefits of Living Off One Income

financial benefits, living off one income, financial advice

Chonce Maddox / May 11th, 2016 / 3 Comments

When you combine finances with your significant other, it’s easy to start inflating your lifestyle if you are under the impression that you will have a higher household income. However, I challenge you to go the financially savvy route and try living off of only one person’s income. A family who exercises the habit of living off one income and saving the other is the perfect way to get ahead on...

Posted in: Money Tagged with: Emergency fund, living off one income, paying off debt, relationships and money, saving

Get Smart About Retirement Planning

Jill / April 24th, 2015 / 1 Comment

Part of smart financial planning includes preparing for retirement. When you’re already contributing to your retirement accounts, how else can you prepare for a comfortable retirement? Here are a few things to think about as you focus on retirement preparation. Make a plan. The first thing you should do is develop a plan. When do you want to retire? How much can you comfortably live on? How much...

Posted in: Career and Work, Retirement, Saving Money Tagged with: early retirement, financial goals, financial independence, financial planning, paying off debt, retirement, retirement planning, saving for retirement, saving money

Creative Ways to Pay Off Your Student Loans

student loan, pay off student loan, pay off debt, student loan management, creative ways to pay off debt, pay off debt

Jill / April 3rd, 2015 / 2 Comments

Ahh, student loans. If you have them, you’re not alone—40 million other Americans are shouldering an average of $28,400 in student loan debt. But like any debt, too much isn’t a good thing, so paying them off as soon as possible is a worthy goal. A quick way to help you now is to compare student loan rates so you can refinance with the best consolidation offer. Most of us know that...

Posted in: Uncategorized Tagged with: debt, federal student loans, financial independence, paying off debt, paying off student loans, student loans

Updates: June 9-15

Bike month, personal finance blogs, articles to read, personal finance reads, financial articles

Brian / June 15th, 2013 / 5 Comments

June is bike month in Vancouver (and across Canada, based on a quick Google search). I don’t know where the idea initiated, but all month I’ve been seeing signs pop up like this one below. Photo credit: daveb_ via Flickr Bike month is a great opportunity to trade your car for a bike when commuting to work – often it only takes a few more minutes than driving, depending on where you...

Posted in: Weekly Updates Tagged with: 1000km june, bike month, june is bike month, occupation poll, paying off debt, vegetarian eating meat