The Future of Student Loans under Donald Trump May Change

It is widely accepted that a good college education is an excellent starting point towards a good career. A graduate’s prospects for a well-paid job appear to be worth the effort to continue to study when some friends have already finished their education and got a job. College comes at a cost with the vast majority needing to take out a student loan to fund those years. Very few have rich parents who can simply pay all the bills. Those that already have student loans are likely to see little change Read more [...]
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Our 2015 Financial Goals Check-in and 2016 Goals

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It’s that time of year … time to reflect on the year behind us and look forward to the year ahead. Setting goals and priorities has become an annual tradition here at Stapler Confessions. How did We do on Our 2015 Goals: Save for a down payment: SUCCESS!  A combination of an up market and some serious belt-tightening allowed us to put down $50,000 on our home purchase. This is $10,000 more than we had at the beginning of 2015, and most importantly — it allowed us to avoid a rate increase Read more […]

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New Grads with Student Loans: You Can’t Afford to Make This Mistake

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Student Loan Hero is sponsoring this post. They asked me to check out their site and provide an honest review for my readers. What I found was a useful tool for student loan borrowers — particularly new graduates. My biggest financial mistake was not to take out student loans, but to ignore them for too long. With $200,000 in student loans, I thought that paying them off forever was a foregone conclusion. Then I read Dave Ramsey’s Total Money Makeover and met the frugal folks over on Mr. Read more […]

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Pivot {A New Direction for Staples Deals}

You may have noticed that I haven’t posted a Staples deal since last year. You may have noticed that I actually took on more debt instead of paying off student loans. You may have noticed that I haven’t snagged any free batteries in the entire time that this blog has been live. What?!?! Although I continue to love getting free stuff at Staples, my life has changed significantly over the past year. With an infant, a preschooler, and a new (to me) house, I haven’t had the time to stop at Read more […]

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Back to Rolling That Debt Snowball!

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We stopped our aggressive debt payoff when I was laid off in October because we were trying to make ends meet. Some months, we did; and some months, we didn’t. One month, we even made an extra payment on a student loan. One month out of ten. :/ So, we fell off the wagon and I stopped paying attention to our debt repayment goals. Truth be told, I was obsessed with debt payoff when I was working steadily. Our income was predictable and I would project what our expenses and debt payoff numbers would Read more […]

Spend or Payoff?

Help me out here: Do I keep my new laptop or should I put the money towards our next student loan? In the past year, we have only made one extra payment on our student loans. Although it was significant -- $2,000 -- I am anxious to make another. Mr. Stapler got a better-paying job, so we should have the ability to make more payments. This month, I calculated that we could make an extra payment of $1,500. I was psyched. I started calculating whether we could pay off the next loan by New Years. Then Read more [...]

What I’m Digging: Decor on the Cheap, Thwarting Banks, Living the Good Life, and more

Mercury must be in retrograde,* because this morning I read a handful of great articles -- all posted today. So, if you're hitting a 3pm Friday slump at work or you're stuck inside because of the rain this weekend, take a peek at this list of articles I collected from around the web. There's something for everyone. I hope you enjoy them as much as I did: How to Make a Large Print for your Wall -- On the Cheap! For under $10, you can put some personality on your wall. And don't forget the Staples Read more [...]

Instant Gratification or Big Emergency Stash?

I am again struggling with the temptation to pay off debt in order to have short-term financial stability. It could, however, threaten our long-stability. With our emergency budget in effect, we are within $180 of making ends meet based on Mr. Stapler's income and my unemployment check. I recently estimated our taxes and discovered that we have enough in the bank that could pay off a loan. That would wipe out an extra $95 of monthly expenses, bringing us within $85 of making ends meet each month. Read more [...]
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Paying Off $200,000 in Student Loans

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We graduated law school with over $200,000 in student loans and have been paying them back, but until recently did not tackle those payments aggressively. After reading Mr. Money Mustache and understanding how saving more money each month didn’t feel like a sacrifice, we got the confidence we needed to truly tackle these loans and start picking them off one by one. Here is a snapshot of where we were, where we are now, and how we plan to get rid of this albatross.  What does $200,000 in Read more […]