I believe student loan debt is a cancer attacking the financial futures of young people. While I do believe in the value of a college eduction, I wonder if taking on such exorbitant debt before earning an income is a smart thing.
I had a small student loan when I first entered college, and then racked up credit card debt when I returned to school several years later to finish. I joke that it took me 10 years to finish my degree and nearly as long to pay for it!
If you are already in college, and accumulating debt, consider other ways to pay for the remainder of school. If you are still a few years from college, or the parent of someone a few years from college, I hope the following graph will serve as a wake-up call of sorts. College is not getting any cheaper, and fewer of us are able to pay for it without going deep into debt.
Budget Planner from Mint.com
How Living a Frugal Lifestyle Has Changed My Thought Process. I’ve noticed that my thought process has changed just like in the article. Things that we used to frequently spend money on are not even close to making the cut today. (@Being Frugal)
So You Want My Job: Magician. This isn’t really personal finance related but I still thought it was interesting. I think all of us wanted to be a magician at some point in our childhood. (@The Art of Manliness)
How Personal Finance Changes As You Begin to See Success. Trent shares some more insight into how things change once you begin to alter your financial life for the good. (@The Simple Dollar)
Best of the Rest