Student Debt Repayment

Ah, student debt. One of the shackles that is bringing down the youth. Student loans may be very oppressive forces on earth, especially in the moment after graduation, before finding a secure job.

Here are some tips to get you started on paying off your student loans, as quickly and efficiently as possible!

  • Find a job that will support you student loan. Of course, we need to love our jobs in order to perform well on them. However, you may want to opt for higher-paying jobs for your first working years as this will help ease the student loan debt earlier on in your life. Some employers can even contribute cash to help you pay off your student debt faster - this is something worth checking out for potential employers.
  • Set up an automatic payment for your account. The newfound spending power a steady income gives is seductive. If you set up an automatic payment plan from your payroll to your loan, you don’t ever see the money, you won’t get a chance to spend it, and your loan gets steadily paid. It’s such a simple tip but it works!
  • Assess your repayment plan. It’s a good idea to reconsider your payment plan, because it may not be working for you. Maybe it would be better for you to pay off smaller amounts, but in more frequent terms. Maybe it’s better for you to pay on the 15th rather than on the 30th. You should be able to pay to your own comfort.
    Learn to budget. It’s an age old piece of advice, especially for students who are used to living off an allowance. Now, you have to budget in terms of what you can spend for yourself, minus your payment to your student loan.
  • Consider getting another loan. It may seem strange to try and pay off an original loan with another loan, so this step is for the finance-savvy only. Getting a good deal on a loan will help you get out of a worse one. The only downside is that you have to be especially careful not to miss payments. Just take caution and this method may actually save you a lot of money.

Dedication is required to kick the student debt repayment blues away. The money that has been lent to you has now given you a great education. Now what is left is to use you knowledge to gain wealth, after diligently paying off your student loan!

Student loans in the Netherlands

Money economy

The money economy is a form of economy in which transactions are done with money. Alternatives are possible, e.g. bartering, but money is the dominant factor for transactions between people. The money economy is a product of human society.

Money is impersonal and reduces qualitative values to a quantity (source)

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Mortgage Without Proof of Income

Mortgage Without Proof of Income

Getting a mortgage without proof of income is a bit more difficult, but it does not mean there aren't mortgage programs and other creative ways to get approved for a loan and enjoy the security of owning your own home. It is quite the opposite! Dozens of organizations try very hard to get you approved often with reasonable rates.

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