Put your financial life on autopilot as a form of 'forced' saving.
From Suze Orman
I love the Roth IRA. Tax-free income in retirement is a truly great deal.
Thoughtful financial planning can easily take a backseat to daily life.
Here's my gift-giving rule: Respect your current financial situation.
The last thing family and friends want is for you to spend money on them that you don't have or that you can't really spare.
I am a big believer that orderliness begets wealth.
If you're not staying on top of your money, you are putting your financial well-being at risk.
A pile of bills and statements - whether paid or not - is a sign that someone is clueless about what's coming in and going out.
I have never been a fan of bond funds. Unlike a direct investment in an individual bond that you can hold to maturity and be assured you will get your principal back (assuming no default), a fund has no finite maturity date and most funds are actively traded.
Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts.
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