80 | 4 Ways To Prepare For Student Loan Payments
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The Supreme Court has overturned Biden’s student debt forgiveness plan. While student loan payments were suspended during COVID, interest fees will resume in October 2023. It is essential to understand your numbers now to avoid feeling stressed and overwhelmed in a few months. I had over $70,000 in student loan debt. My payments were between $500 and $700 a month. I never fought or got angry with the payment because I knew that $500-$700 would always be needed in my budget. It might have different names in the future, like “car payment” or “childcare,” but I would always have a similar payment. That is why I encourage you to plan your student loan payments into your budget now! If you aren’t sure how much you will owe, make an estimate and start allocating that money aside. Not only will this put you ahead of the game in October, but it will save you so much stress. So don’t get discouraged. Stay in control of your finances with these four easy tips to pay down student loans drama-free! As you prepare to start repaying student loans again, consider… [08:16] I want you to incorporate your student loan payment into your budget now.  [10:13] I want you to put a reminder in your calendar to set up auto pay on your student  loan payments. Tune in to this episode of Money Files to learn four tips to help with repaying student loan debt.  Get full show notes and the episode transcript: https://wealthovernow.com/personal-finances-budgeting-student-loan-payment-student-loan-forgiveness-student-debt/ Links mentioned in this episode… Set up a call | Financial Coach Washington, DC | Wealth Over Now Join The Waitlist For My Next Money Class
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