Tuesday, June 3, 2014

Food for thought

Here's some food for thought: these are some milestones to shoot for by age 30, according to the folks over at Money After Graduation.

It's important to be debt-free (one of the suggestions here), as the more money you have in loans AND the longer it takes to pay those loans back, the more interest you'll be paying. Obviously, you want to make that number as small as possible, unless you want to make your lender rich.

As such, goals like this one take precedence over more palatable goals, like independence from your parents.
Photo credit: http://dynamic.pixton.com/comic/e/x/9/v/ex9vuvwwxwxls78a_v5_.png

I know, I know, that's not what you want to hear, but if your parents are willing to house you for a while after you graduate, swallow your pride and take the opportunity to pour money into paying off whatever debt you have. Don't just pay the bill when it comes, pay more than the bill--that way, you'll decrease the amount of interest you have to pay. After all, who wants to pay more than you have to?!

At any rate, the post is a worthwhile read. The abbreviated version is on Lifehacker: http://twocents.lifehacker.com/the-most-important-money-milestones-you-should-reach-by-1584077725

The original post (with all 30 points) is on Money After Graduation, located here: http://www.moneyaftergraduation.com/2014/04/30/30-financial-milestones-you-need-to-hit-by-age-30/

The sooner you think about how you'll tackle this list, the better off you'll be by age 30! It's not something to put off until after graduation!!!