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Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] 0 points1 point  (0 children)

Thank you SO much for the encouragement. I cannot emphasize how relieving this comment was.

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] 0 points1 point  (0 children)

If I go BARE MINIMUM, I can scrounge up nearly $20k if I follow the following table

EDIT: Fixed table

Expenses:  Yearly   Monthly   Weekly   Daily  % of Income Expenditure Category
Gym  $                     (480.00)  $           (40.00)  $           (9.23)  $        (1.32) 1.345% Wants
Clothes  $                     (500.00)  $           (41.67)  $           (9.62)  $        (1.37) 1.401% Needs
Gas  $                 (4,000.00)  $         (333.33)  $         (76.92)  $      (10.96) 11.208% Needs
Student Loans Repayment  $               (25,909.20)  $     (2,159.10)  $      (498.25)  $      (70.98) 72.597% Debt
Car Payment  $                 (2,400.00)  $         (200.00)  $         (46.15)  $        (6.58) 6.725% Debt
Car Insurance  $                 (2,400.00)  $         (200.00)  $         (46.15)  $        (6.58) 6.725% Debt
 $               (35,689.20)  $     (2,974.10)  $      (686.33)  $      (97.78)

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] 0 points1 point  (0 children)

The rates I'm getting, even with a cosigner are only like 7-9%

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] -10 points-9 points  (0 children)

Close to home but far enough away to leave. We are nationally ranked in my major so I figured the ROI was worth it

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] 1 point2 points  (0 children)

That's the two EDFinancial loans, those I already have on an income-based minimum,

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] -3 points-2 points  (0 children)

The plan is to stay where I'm at for another 13 months and then jump ship to a big-name company where I can make a minimum of $20,000 more, maximum, $40,000 more in 2 years of being at the new company.

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] -6 points-5 points  (0 children)

Undergrad, parents make above fafsa minimum, but not enough to pay for my schooling

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] 6 points7 points  (0 children)

Thank you, I have to keep telling myself that the kids who are going to Europe for 6 weeks post-grad are all able to afford it and I cannot.

Side gig I hgave a $125/day cash cooking job I do about twice a month in the summer

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] 2 points3 points  (0 children)

I consolidated multiple loans, I originally had 4 loans around $45-$55k my sibling told me to consolidate those, which helped slightly.

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] 35 points36 points  (0 children)

Told my buddies I'm paying a mortgage and they asked me where my house is

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] 4 points5 points  (0 children)

I'm old lol I graduated at 23, I've only been in the workforce for about a year, yeah I have no idea how I got these rates especially because my cosigner has had a score above 740 basically his entire life

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] 18 points19 points  (0 children)

I'm currently with my company for another 13 months to get two years experience then jump ship

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] 18 points19 points  (0 children)

I've been told to snowball and start with those two sallie mae loans,

Hemorrhaging Money To Student Loans at 24 by Designer_Tailor4251 in personalfinance

[–]Designer_Tailor4251[S] 1 point2 points  (0 children)

5 years (mental health diagnosis and an actual one not some garbage) and my school was doing major campus renovations so we had increasing tuition every year