Do you make good money but feel broke? Chances are your debt obligations are what’s cramping your style. We tend to think of debt as it’s own entity and not something that affects other aspects of our finances. Or at least, that’s how we think of it when we’re first borrowing the money. Most university students don’t think twice about accumulating debt, student loans and otherwise. After all, they’re earning a degree that will skyrocket their income and let them earn more than enough to pay it back after graduation. But do they know that earning a high income with hefty debt payments feels exactly the same as earning a low income? This is how much debt really costs A good general rule of thumb is that for every $10,000 you owe in student loans, you will have to pay at least $100 per month in payments. This means if […]
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