This is why I do what I do.
Deborah’s story is inspirational:
I am excited for the self-reliance program the Church of Jesus Christ of Latter-day Saints has instituted! There are all kinds of help and information here, including building a business, budgeting, becoming spiritually self-reliant, time management, unemployment, and so much more! What an amazing resource for learning about self-reliance and temporal foundations with a gospel perspective.
Are you thinking about refinancing your student loans? What is your current interest rate on said student loans? Do you have more than one?
As we have started our become debt-free journey (we call it “Paid in Full” instead of focusing on the word debt, by the way), one of the first things we did was take a look at our interest rates, and see how low we could get them. Our credit card debt is at 0%, our auto loan is at 2.49% and our mortgage is at 3.75%. While 0% on a $0 balance is the ideal, until you get there lowering your interest rates will save you a ton of money in the long run, and make your payoff journey a bit shorter.
I recently found an online personal finance company that offers great rates and services. You can consolidate student loans, take out a personal loan to consolidate debt, and they even have mortgages.
Better yet, you can also choose to invest with SoFi.
If I had student loans, I would be refinancing them with SoFi! (P.S. If you do refinance with SoFi by July 7, they will give you a $200 bonus!)
Give them a look, let me know what you think:
Note: If you do consolidate debt into a personal loan, cut up those credit cards so that you don’t continue to use them and acquire more debt!
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