My blog has moved to it's own domain at www.fromdebttodreams.com. It's a bit of an upgrade :) Hope you will join me...you will be automatically transferred short...
Tuesday, August 13, 2013
FedLoan Servicing is Terrible: Part III
Posted by Debt Hater on Tuesday, August 13, 2013
I'm starting to think that this is going to be a never ending saga! I arrived home yesterday to find a letter in the mail from FedLoan Servicing about my payment for this month, so they now have even more surprises up their sleeve for me! My payment for this month is now just a grand total of $113.16 due on 08/21/2013. I'm completely shocked - I literally do not know...
Sunday, August 11, 2013
FedLoan Servicing is Terrible: Part II
Posted by Debt Hater on Sunday, August 11, 2013
I honestly still have no idea how FedLoan Servicing calculates how payments are distributed between loans, but I'm definitely trying to figure it out! My frustration with FedLoan Servicing grows as I'm still unable to find the information I'm looking for or at least some explanation of why my $600 payment (which was $257 over the minimum payment) was not able to cover all the interest. Well technically...
Tuesday, August 6, 2013
FedLoan Servicing is Terrible
Posted by Debt Hater on Tuesday, August 06, 2013
If your student loans happen to get bought by FedLoan Servicing I have one word of advice for you: run! Run far, far away! But you probably have the same stories about your loan servicing company, so is there anywhere you can actually run to? It has been nothing but headaches since I first found my loans were being bought by them from Direct Loans.
The first thing that...
Thursday, August 1, 2013
Monthly Budget Review - July 2013
Posted by Debt Hater on Thursday, August 01, 2013
I expected this month's budget to come in a little higher than I would like, and I think that is probably going to be true once we take a look at the numbers. So without further interruption here is my budget for July...
Item
Budgeted
Actual
Difference
Income
$2,920.00
$2,920.00
$0.00
Rent
-$100.00
$0.00
$100.00
Car Insurance
-$110.00
$0.00
$110.00
...
Saturday, July 27, 2013
Frugal Tips: Dorco USA Review
Posted by Debt Hater on Saturday, July 27, 2013
One of the things that I see as a necessity, but used to hate paying for was razors and razor blades. They seem so simple to make, they have been around forever, and are obviously mass produced. Yet they always seemed to cost a fortune! If you go into your local CVS or Walgreens, you may even find that the razor blades are locked up because they are so damn expensive. That...
Thursday, July 25, 2013
New Student Loan Agreement on the Horizon
Posted by Debt Hater on Thursday, July 25, 2013
It seems like Congress is finally closing in on an agreement to and while it doesn't solve the underlying problem (the easy source of money giving colleges an incentive to keep increasing tuition), they claim it will solve the problem of certain interest rates jumping from 3.4% to 6.8%.
This agreement will tie the interest rates to the market rate, or the 10-Year Treasury...
Tuesday, July 23, 2013
Student Loan Progress - July 2013
Posted by Debt Hater on Tuesday, July 23, 2013
As I was preparing to write this post, I was starting to feel a little burnt out about my debt again. But I have to realize that I'm making progress and keep pushing towards my goal to be debt free. I'm treating it like like as much of an emergency as possible with every last dollar going towards my goal! Since I've started this blog I'm doing much better and trying to put a minimum of $2,000 towards...
Friday, July 19, 2013
Why Aren't We Graduating From College?
Posted by Debt Hater on Friday, July 19, 2013
A recent article on the Harvard Business Review blog discussing the current state of college education. Their summary? It's not looking pretty. A little over half of students are completing their four-year degrees within 6 years, and only 26% (!!!) of people getting two-year degrees finish within 3 years [1] . That means that a large portion of the second half of those...
Saturday, July 13, 2013
A new way to approach student debt?
Posted by Debt Hater on Saturday, July 13, 2013
It looks like Oregon is on it's way to attempting to solve the student loan crisis in their state. But just how feasible is their solution? The basic concept of the plan is that you would not receive any traditional loans and you would not pay any tuition. You heard that right: no student loans. What you would do upon graduation is pay the University 3% of your income for 25 years. Essentially...
Wednesday, July 10, 2013
Living Paycheck to Paycheck
Posted by Debt Hater on Wednesday, July 10, 2013
There was recently an article on CNN Money that a staggering 76% of Americans are living paycheck to paycheck, something that was very disheartening to read. About 16% of Americans are considered to be below the poverty line in America [1], so it's crazy to think that 76% of people are also living paycheck to paycheck. One would think that this number should be lower?
If...
Monday, July 8, 2013
Monthly Budget Review - June 2013
Posted by Debt Hater on Monday, July 08, 2013
Sorry that this post is a little later than usual, but I was down at the beach for a long July 4th weekend with the girlfriend :) You will also notice that I ditched the weekly spending posts - I had only planned on doing that to see how my spending was going on a running basis. After realizing it's pretty much in control and much lower than I was expecting (maybe it was posting it on the internet...
Tuesday, July 2, 2013
Cutting out that morning coffee? Congress sure isn't!
Posted by Debt Hater on Tuesday, July 02, 2013
One problem that I have never had to deal with is having to rush to make sure to get my morning coffee at Dunkin Donuts or Starbucks. And it's not because I make my own coffee either, it's because I'm really just not a coffee person at all. It's strange as both my parents are pretty big coffee drinkers, as well as there parents. I tried it few a times and...
Monday, June 24, 2013
Student Loan Progress - June 2013
Posted by Debt Hater on Monday, June 24, 2013
Another month, another round of student loan payments. Unfortunately this month ended up being a little strange in my student loan payments, due to circumstances beyond my control. I was not able to put as much money towards my loans as I was expecting. But first I'm going to start off with where I left off last month so you can get a frame of reference.
May 2013:
Loan
Loan Amount
...
Friday, June 21, 2013
Robert H Treman State Park Camping Review
Posted by Debt Hater on Friday, June 21, 2013
This post is going to deviate slightly from the normal theme of my posts on here, but it's definitely going to stick to the theme of trying to save money. As you may have seen from my previous weekly spending posts, I had made a few purchases in preparation for a camping trip. My girlfriend and I took a week vacation by renting a cabin at Robert H Treman State park in Ithaca,...
Tuesday, June 18, 2013
Getting a Raise
Posted by Debt Hater on Tuesday, June 18, 2013
Well it seems that I have stumbled upon some good luck as of yesterday, getting notice from my boss that I would be receiving a 6% raise. But I'd like to think it was also having to do with all the hard work I've put in, after all we do create our own luck, don't we? My salary will now be bumped up to $53,000 from the $50,000 that I had started from. Needless to say, I'm...
Sunday, June 16, 2013
A Note on Student Loans
Posted by Debt Hater on Sunday, June 16, 2013
A few weeks ago I had wrote a post on the current state of interest rates in the student loan market, and right now I wanted to do a follow-up post on that. We are quickly approaching the July 1 deadline for student loan rates (from the government) to all jump to 6.8% if Congress does not act by then.
There are several plans outlined, but I wanted to highlight Elizabeth...
Tuesday, June 4, 2013
Monthly Budget Review - May 2013
Posted by Debt Hater on Tuesday, June 04, 2013
This is the fun part where you get to see how exactly I spent my money this month, and how well I stuck to my planned budget. I will also show how much 'extra' money I spent outside of my allotted entertainment budget that could have went to my student loans instead.
For now my budget is set to have $0 remaining at the end of the month, with every extra dollar going to...
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