There’s no freedom like financial freedom, but it is rarely an easy path to get to it. Most of us dream about never having to worry about our various expenses and debts ever again, but getting to a point where that is a possibility usually takes a lot of work. Earning more money is not …
Seguir leyendo 30-year-old pays off student loans by spending $47,000 and emptying 401k: ‘I’m starting at $0 again’
Categoría:student loans
Parents read 28-year-old daughter’s mail and find out about her student loan debt, she confronts them when they tell the entire family: ‘They aired out my financial laundry in front of everyone’
Every parent feels the shift when they no longer know everything about their kids. It usually starts when their children hit puberty and no longer feel the need to tell their parents about their day at school, the friends they make, and the experiences they go through. And every parent has a small existential crisis …
Seguir leyendo Parents read 28-year-old daughter’s mail and find out about her student loan debt, she confronts them when they tell the entire family: ‘They aired out my financial laundry in front of everyone’
61-year-old dad pays his son’s $68K student loan debt by selling his vintage Harley bike: ‘Don’t worry about it. Just focus on living your life’
It’s difficult to see your adult children struggling when you’re doing fine and dandy financially. You don’t want to wait until you pass away to help them financially if you’re more than set for retirement and they’re struggling with debt and housing costs. The main gift that well-off parents give their struggling kids is the …
Seguir leyendo 61-year-old dad pays his son’s $68K student loan debt by selling his vintage Harley bike: ‘Don’t worry about it. Just focus on living your life’
61-year-old dad secretly pays off kid’s student loans, who finds out their dad did it by selling his beloved Harley: ‘He used every penny to clear my debt’
As much as most parents want to help their children and even ensure they never have to worry about money, we all know that parents cannot shield their kids from the hardship of adult life. At some point, every child has to face the real world on their own, and all parents can do is …
Seguir leyendo 61-year-old dad secretly pays off kid’s student loans, who finds out their dad did it by selling his beloved Harley: ‘He used every penny to clear my debt’
‘I need answers’: 35-year-old uncovers a mysterious $500,000 loan from her family business to her ex-husband, exposing her parents’ favoritism and shady business deals
Mysterious bank charges can leave any reasonable penny-pincher with a sinking feeling in their gut. One time, I received a fraud alert on my bank account for an unapproved $1000 charge. I was horrified, stressed out, and spent the entire afternoon investigating all of my credit card statements. That was for only a meager $1000, …
Seguir leyendo ‘I need answers’: 35-year-old uncovers a mysterious $500,000 loan from her family business to her ex-husband, exposing her parents’ favoritism and shady business deals
Mom uses life $60K insurance payout to pay off daughter’s student loans, son who never went to college demands same in cash: ‘I pressured her hard to go to university’
After her husband passed unexpectedly, this woman received a pretty hefty life insurance payout. She chose to put $60k toward her daughter’s student loans, partly out of guilt. Years earlier, she had pressured her daughter into university before she was ready, which left her with a useless history degree, years of underemployment, and debt that …
Seguir leyendo Mom uses life $60K insurance payout to pay off daughter’s student loans, son who never went to college demands same in cash: ‘I pressured her hard to go to university’
Future mechanical engineer promises to help little brother pay for college, but is worried that their siblings will be jealous and ruin everything: ‘It’s really just a matter of wanting to make sure he has the same opportunities we all got to succeed’
When you don’t grow up with much, you hope that one day you won’t have to deal with what it was like to struggle. Similarly, with either your kids or siblings, you want to give them an easier time than what you had to go through. Financial struggles make one eerily wary of their circumstances …
Seguir leyendo Future mechanical engineer promises to help little brother pay for college, but is worried that their siblings will be jealous and ruin everything: ‘It’s really just a matter of wanting to make sure he has the same opportunities we all got to succeed’
Dad forbids 17-year-old daughter from going to her dream university, signs her up for community college classes behind her back: ‘He don’t trust me to go 2 hours away’
It is not easy to decide whether to attend a 4-year university immediately or to attend a community college for 2 years and then transfer to a 4-year college for your junior year and beyond. The answer looks different to everyone, depending on their financial situation. The most important thing is to be honest with …
Seguir leyendo Dad forbids 17-year-old daughter from going to her dream university, signs her up for community college classes behind her back: ‘He don’t trust me to go 2 hours away’
Mom spends son’s college tuition money, promises to pay him back as long as he doesn’t tell dad: ‘For four years I thanked him for the money while I took out loans’
Different parents have different approaches to saving money for their children’s future. Some parents do not save money for their kids’ college education or wedding because they can’t or because they think their kids should learn to work and pay for it themselves. They want their kids to figure their own future out (while, you …
Seguir leyendo Mom spends son’s college tuition money, promises to pay him back as long as he doesn’t tell dad: ‘For four years I thanked him for the money while I took out loans’
Freeloading mom takes out $25,000 Parent PLUS loan for son’s college education, spends his repayments on herself and then protests when he doesn’t want to continue paying her: ‘She started to lash out at me’
Money and family are two topics that are often a disaster when mixed. Still, most people have no choice but to do this from time to time, especially when they are younger and need help gaining their independence. Many a parent and child relationship has been damaged by either side taking liberties, freeloading, and even …
Seguir leyendo Freeloading mom takes out $25,000 Parent PLUS loan for son’s college education, spends his repayments on herself and then protests when he doesn’t want to continue paying her: ‘She started to lash out at me’