“When Kathy Carter sent her two sons off to college, she knew that some level of borrowing would be required to fund their education. So Carter initially used credit card cash advances to pay for her oldest son’s living expenses. Then when her younger son enrolled in college, Carter took out student loans to help cover tuition, books, and other college costs. The result: Carter, a retired educator who is now 65, wound up with thousands in credit card bills, along with $7,000 worth of Sallie Mae student loans she is still repaying.”
“The best way I’ve discovered that helps me to combat all the negative emotions around spending money is to use a budget. I know what you’re thinking… budgets can be extremely restrictive and limiting depending on how you use them. However, the method I use for budgeting is much more freeing and liberating.”
“The road to FI (financial independence) is littered with financial blunders. But, don’t let that stop you. Today, I’ll share with you a few of those silly mistakes I’ve made… some far worse than others!