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Save Money Today on Your Student Loans


Is it more strategic to put money into your retirement account or put any and all extra cash towards your student loan debt?

If you're like a lot of recent graduates you’re probably thinking that since retirement is so far away and student loan debt is right now, you should focus on what’s in front of you first. 

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You might be putting off saving until some future time when you make more money. But is that really realistic or is it just wishful thinking? 

CNBC ran a story recently about an anonymous couple in New York City who, though they bring in a combined $500,000 a year, haven't been able to set money aside for savings.  So where is all that money going? 

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Maybe not everyone is cut out for a salaried office job. Maybe your dreams involve traveling and working abroad, launching your own start-up, or being self-employed. If you have student loan debt, you might think those dreams are impossible.

But your student loans shouldn’t doom you to a lifetime chained to a job you dislike. Here’s a look at the steps you can take to make your independent life goals achievable.  

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Owning your own home has long been a part of the American dream. Put down some roots, get your piece of the pie, and build valuable equity to help shore up your financial future at the same time.

But is buying a home is a good investment in today’s economy?

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Struggling each month to afford a high student loan payment can be pretty demoralizing. Having to put off big financial steps like buying a home or having a child because you can’t find room in your budget ... well, that's even worse.

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In recent years, the millennial migration to America’s cities has shown no signs of slowing. From perennial magnets like the Big Apple to smaller urban destinations like Virginia Beach, cities across the country have seen their millennial populations surge.

When they want to settle down in their new homes, however, young Americans often encounter challenging housing markets.

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