paying off debt Archives - Page 2 of 3 - The Outlier Model

6 Month Student Loan Update

CF / April 17th, 2013 / 23 Comments

It’s been about 6 months since I’ve started paying back my student loans (… for the second time…) and I wanted to do a bit of a recap. When I posted my student loan repayment plan a few months ago, I ambitiously posted a scenario that would see me pay off my student loan in about 2.5 years. With a $27,000 loan, that’s over $9000 a year. Yikes! Photo Credit: Dave...

Finding a way to say no

say no, financial responsibility, borrowing money, lending money, debt, free emergency kits, emergency, catastrophe, survival kit, preparation

CF / April 15th, 2013 / 48 Comments

Things have been a little rough around here lately. In the past, I’ve alluded to the fact that my parents have never had a lot of money, especially in the eyes of our relatives. It’s only gotten worse over time as debts add up and bills kept going unpaid. I think it’s reaching a breaking point. Photo Credit: George Self via Flickr My philosophy with money and family is much...

Posted in: Credit and Debt, Family, Money Tagged with: debt management, family debt, gifts are freely given, home equity line of credit, lending money to family, pay down debt, paying off debt

Using a windfall to pay off debt

pay off debt, financial windfall, extra money

CF / February 4th, 2013 / 42 Comments

When I went to do my weekly banking this week, I got a great surprise – an extra $260 from my previous job had been deposited into my account unexpectedly. I’m not entirely sure why I got paid, but I suspect it’s retroactive pay due to a salary increase that had been in negotiation while I was an employee at the university. Woohoo! Photo Credit: Images_of_money via Flickr Any...

Posted in: Credit and Debt Tagged with: debt reduction, debt snowball, pay down debt, paying off debt, saving money, student loan debt, student loan interest charges, tax refund, unexpected windfall

Considering a short term loan

Money, short term loan, borrow money, loan

Guest / November 9th, 2012 / 8 Comments

This is a guest post. Considering a short term loan? More and more people are considering taking out a short term loan, and if you listen to reports it looks like the number of loans being accepted is going up every day. There are a number of socio-economic aspects that can account for the rise in the popularity of fast personal loans, though there are two factors that seem to stand out above the rest....

Posted in: Guest Post Tagged with: debt, paying off debt, saving money, short term loans