Question:
For the future, how can I manage saving while also paying off student loans. –Sherelle, Junior
Answer:
Sherelle,
The best way to save while paying off student loans is to mind the money gap! Minding the gap is creating a gap between your monthly income and monthly expenses. Keeping your expenses low will allow you to allocate more income to other priorities like repaying your student loan repayment and savings. If you don’t know what your monthly expenses are, Come into the center. Our money coaches can help you create a transition plan for your first year after graduating. The plan will alleviate stress many students experience their first year after graduating. We can help you plan the work where you money is involved, but your financial future will require you and you alone to work the plan.
Coach's Corner
by Rachel Grimes
Assistant Director of Financial Readiness