Fun Stuff > CHATTER
Save Money, Save save save....maybe?
Yunior:
Wait! This thread cannot be able Tyler v. Tyler or Rasheed Wallace yet because it still needs to be about Money because I have a question:
I am trying to figure out my student loans. (I am terrified of my student loans.) This September I'll be a sophomore in college and I've spent the afternoon trying to understand the loans I've already taken out and the loans I'll be taking out in the coming years. The only conclusion I have come to is that they are purposely confusing (to be big meanies), but also I have made no other conclusions (they have successfully confused me). I am pretty sure some of you have successfully navigated your student loans before -- where do I start with student loans, as far as understanding them? Is there a book or a blog that is particularly helpful?
jhocking:
--- Quote from: ViolentDove on 06 Jul 2009, 16:30 ---Hat speaks the truth, that is actually the best way of doing it.
I think we need to keep up the depression-era wisdom, though. Like save your toenail clippings and then glue them onto the end of a stick instead of buying a scrubbing brush. Or make coffee by filling a sock with coffee grounds then dunking it in water.
--- End quote ---
My take on this is penny-wise, pound-foolish.
I mean, he may have been joking with these specific suggestions, I'm not sure, but overall a lot of saving tips (including a few in this thread, sorry) come across to me as wasting time nitpicking. I find it much more productive to concentrate on items where you get the most bang for the buck and then just make sure not to be a complete spendthrift about everything else.
For example, suggestions like sell your car, quit smoking, don't eat out, and cancel cable are really useful because they save a lot of money with a minimum of effort. Suggestions like sewing your socks or even clipping coupons seem counterproductive to me however because you're spending lots of time to save not that much money really.* Unless you already are given to lots of frugal habits (in which case you wouldn't need any of this advice anyway) then all that nitpicking about a dollar here, a dollar there is just going to demotivate you and make it harder to cut back where it actually matters.
*I'm assuming here that you buy cheap generic socks. If you buy expensive designer socks, stop buying those and get cheap ones.
ADDITION: I didn't notice this bit at the end of the first post:
--- Quote from: tinysmidgen on 06 Jul 2009, 15:52 ---4. A list of CDs that I have that I want to buy, i think it came up to 468 CDs
--- End quote ---
I'm sorry, that's retarded. The other items you listed for why you need to save sound reasonable (personally I think the new iPod ought to go too since that implies you already have an older iPod, but hey we are different people with different priorities,) but this is just ridiculous.
nobo:
--- Quote from: yelley on 08 Jul 2009, 10:57 ---Rasheed Wallace is a basketball player. He's playing for the Celtics as of this July. I'm assuming that's the Rasheed Wallace he's talking about.
--- End quote ---
Yelley, you have just become my new favorite poster on these boards.
here is Sheed
[
--- Quote from: Yunior on 08 Jul 2009, 16:02 ---I am trying to figure out my student loans.
--- End quote ---
Yunior, I have $125,000 in student loans between undergrad and grad school, and I pay around $800 a month for the next 15 years. Obviously I made a poor decision in taking out so many loans (grad school, out of state, no-research grant = $100k).
Anyway, there are 2 different types of loans, private loans and subsidized government loans. You want to get the subsidized student loans because those do not collect interest while you're still in college, the private ones do. To qualify for those you have to fill out the FAFSA and then your student financial aid office will tell you how much you can take out from them.
Then you may or may not have 2 options, fixed rate or variable rate. Variable rate depends on the govt loan rates. Right now they are very low, but they can get really high, so that is a risk. A fixed rate is usually a higher rate, but it will never change.
After you graduate you get a 6 month grace period before you start paying off your loans. If you can't find a job you can get an extra 3 months grace period.
What else do you want to know?
Yayniall:
--- Quote from: Hat on 08 Jul 2009, 05:49 ---
--- Quote from: Yayniall on 07 Jul 2009, 11:58 ---Or win pub quizzes for a living.
--- End quote ---
I did this for something resembling a living but the prizes were alcohol and resulted in a lot of bad decisions.
--- End quote ---
The prize is £300 at my local.
If you know the year Al Capone died anyway.
tinysmidgen:
See, I was wondering why that name sounded familiar and not linked to a band.
I don't follow basketball too heavily, rarely actually. So, forgive me for my unknowledgeable ways.
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