Ok, I need to be able to save more every month, and I'm definitely doing something wrong because I've been living paycheck to paycheck for the last year and a half. And it doesn't help I have a pretty low income. Do you have some creative ways to cut back on daily expenses to free up more money for student loan payments.. and just to save? I'm happy to receive suggestions about even the most trivial things. I just need something to work out for me.

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Are you tracking your spending for a week? It really helps you identify areas where you can reduce costs. For me it was the subconscious spending on dining out, even if it was just a coffee. Those $5s add up. Or subscription services. A huge game changer for me was meal prepping at home. Freed up about $300 for me every month.

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You really just have to get serious and watch your spending day to day, and even hour to hour. People spend money on frivolous things without thinking. They spend on expensive coffee drinks and think it's necessary, or they have food and meals delivered. If you think about it, a lot of stuff that people waste money on today weren't even things that were available 20 or 30 years ago. It's no wonder so many people are broke, they're just tossing money away on stuff they don't need.

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Additional Posts in Student Loans

In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

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SOFI or who else?

If you could go back in time what would you tell yourself before taking out student loans?

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Does having student loans impact your ability to get a mortgage?

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Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

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Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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