Save Money Today on Your Student Loans
We millennials are often portrayed as a strange breed—job hoppers but ambitious; purpose-driven rather than money-driven; and lazy yet constantly side-hustling. But what about when it comes to balancing careers with relationships?
In a recent survey, Comet asked more than 300 single, childless millennials how long they would stay single to focus on work and what kind of career sacrifices they would make for love. Here's the scoop.
A Twitter war recently broke out after author and financial guru Jean Chatzky tweeted out: “By the time you’re 30, you should aim to have 1x your annual income set aside for retirement.”
She even went on to say that by the time you’re 40 you should have 3x; at 50 it should be 6x; at 60, 8x; and by retirement, 10x. As you can imagine, everyone fired back. And not in a good way.
When I was considering quitting my full-time job to start working as a freelance writer, I got a lot of advice. Some of it was great; some was off the mark. And some was impossible to follow.
The biggest piece of impossible-to-follow advice I got was also the piece that sounded the most sensible: don’t quit your day job without six months’ worth of living expenses in your savings account.
If you have a bigger credit card balance than you’d like, you’re in good company. The average US household has a credit card balance of about $16,061.
Combine that with student loans—which approximately 44.2 million Americans have—and the picture becomes clear. You, your neighbors, and most of the people you know are probably swimming in debt. So how can you swim out?