Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Im going on 21 I left college for a year and joined the army. I make $1,000 a month after taxes. My bills are $150 credit card bill $ 60 internet bill and $45 cell phone. I owe right now owe $ 24,500 in student loans .
1st loan 8500 7.8% 2007-2008
2. federal subsidized 4,0002007-2008
3, federal unsub 3,000 6.8 2007-2008
4. federal sub 4,000 6.8 2008-2009
5. federal unsub 2,00 6.8 2008-2009
6. private $ 3,000 9% year 2007-2008
my 2007- 2008 loans arent due until december 2011
my 2008-2009 sometime late 2010
I plan to start going back to school next summer should i start making payments now or should I put the extra money into savings or add more money paying off my credit card debt.
There are all kinds of ways to use Vetereans' Benefits. Seek advice of qualified people. In my experience many states offer excellent incentives to those that serve in their National Guard.
First I would pay off the credit card bill. When you start classes again, will the military be paying for them? If not I'd plan on saving money and paying for all further tuition expenses - no more loans. But if the military will be paying for your classes, I would work on building up a comfortable saving account (if you don't have one already), and then start working on paying off your private loans.
Best of luck.
Pay the credit cards off ASAP. Those things are poison (I've learned this the hard way).
Delay the student loans as long as you can. It won't hurt your credit score at all, and any interest you accrue will pale in comparison to what the recurring finance charges are on your credit cards.
Get a prepaid cell phone plan and stop paying $45 a month. Also... $60 a month for Internet seems really high. I have Roadrunner and only pay $35.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.