Meet this month’s featured reader, a 34-year-old in BigLaw who’s sharing her salary, net worth, and thoughts on going from more than $205,000 of student debt to just over $50,000 of debt in four and a half years.
Today’s topic in Tales from the Wallet: do you set financial goals for the year? I started setting explicit financial goals when I left my cushy BigLaw job a few years ago — I had been so comfortable there that I could easily move every other paycheck to an interest-bearing money market fund, and then … Read More about How to Set Financial Goals for the Year
It’s the New Year, and I heard a lot of chatter among commenters about when they should be paying down debt vs. saving. It’s a huge question, and we’ve talked about some related things (like how to pay off huge student loans and live within your means), but we haven’t talked about when to save vs. when … Read More about Tales from the Wallet: Paying Down Debt vs. Saving
Have you refinanced your student loans, or are you looking into it? We’ve talked about tackling huge school debt, paying down debt vs. saving, getting financially prepared for grad school, creating a money roadmap, and switching from a lawyer’s salary to a student lifestyle, but we haven’t discussed refinancing student loans. Today, Blonde Lawyer (the name … Read More about Tales from the Wallet: Refinancing Student Loans (Guest Post)
2018 Update: We still stand by this money roadmap — you may want to check out our most recent discussion of whether to invest in stocks or index funds. We’ve talked about a ton of different money issues here, but it occurred to me that it might be helpful to do a simple “roadmap” post … Read More about A Money Roadmap: Where to Go Next In Your Personal Finance Journey
2020 Update: We still stand by this advice on how to pay off big student loans — you may want to check out our more recent money snapshot from a BigLaw associate who shared how she paid off $150K in student loan debt in four years. How do you pay off big student loans? Can … Read More about How to Pay Off Big Student Loans (and Other Big Debts)