When someone comes to me and asks how to get out of debt my general advice includes: Organize and come up with a strategic plan Refinance to a lower interest rate if possible (Check out LendEDU* to compare student loan interest rates) Automate your money Track Everything (Related Post: Spending Recap 2016) Eliminating excess expenses Live below your means […]
Best Ways to Payoff Your Student Loan
As the New Year rolled in, student loan borrowers and their amount of debt continue to increase. According to this article from LendEDU, over 44 million Americans have Student Debt (60% of recent College Grads). The total owed exceeds 1.4 trillion, and the average student loan debt per borrower is ~$30k and climbing. There are many student loan […]
I’m Tracking Everything!
In the past year, I have developed a passion for tracking parts of my life. This was because I noticed that when I do track parts of my life, I’m more productive and more likely to accomplish my goals. Taking the action of documenting different aspects of your life (whether it’s keeping track in a journal […]
Q1 2017 Goals
Happy New Year Debt Free Climbers! I have officially been blogging for three full months, and I am still thrilled with my decision to start DebtFreeClimb. I have a lot of things to learn and improve upon in 2017, but I am super excited to continue to develop myself and accomplish my goals this year. […]
Track Your Finances Closely This Year
Many people get into bad financial situations without knowing it. Avoid dangerous financial situations by making a commitment to track your money more closely this year! What would happen if your car broke down, you got sick or injured unexpectedly, or if your job let you go? Would you be able to support yourself and your […]
Spending Recap 2016
There are two main factors to building wealth: making more (income) and spending less. There is a debate in the personal finance area of which is more important. To me, making more and spending less are equally important because it’s all about the “Gap” (or Savings Rate) between them. The bigger the “Gap” between how […]
