In our most recent article, we presented an initial overview of budgeting basics, while promising to take a deeper dive into the practical side of building (and managing) a household budget. We’ll do just that in this quarter’s post, beginning by revisiting some of our initial recommendations from our last…
The student loan landscape shifts once again
After three years of relief, student loan borrowers received a double dose of bad news in June. First, the debt ceiling deal ended the student loan repayment moratorium once and for all, after several extensions. Beginning in late August, all federal student loans will go into active repayment status again,…
Student loan forgiveness arrives
In late August, just two weeks after the Inflation Reduction Act passed on a party-line vote, President Biden announced a controversial student loan debt forgiveness program, promising what the administration calls “targeted cancellation” of federal student loans for qualified borrowers. Intended mostly for lower-income individuals, the plan’s major provisions are…
Should I Pay Down My Mortgage?
As both short-term interest rates and 30-year mortgage rates continue to edge higher, homeowners are beginning to question anew the relative benefits of paying down mortgage debt versus setting aside their excess cash for other purposes. Determining “the right amount” of mortgage debt to hold is a complicated decision, and…
