Philip at Avocadoughtoast
Who doesn’t like a funny student loan meme? It’s getting close to graduation season and you know what that means: hundreds of Facebook posts from new graduates about how excited they are for “real” life. The easiest way to send those people into a downward spiral of existential dread is to mention how long they’ll … Read more
Who doesn’t like free money? The business world is a competitive place. More and more companies are offering incentives for customers to try them out. Some of them even give you free cash! I’ve made a list of 19 companies that give out free money, so you can take advantage of the opportunities. How to … Read more
Can’t function without your daily dose of caffeine? Me either. However, getting your daily Starbucks fix can be expensive. In fact, many people use Starbucks as an example of a habit you should cut out of your life when budgeting or getting out of debt. I wholeheartedly disagree. My daily Starbucks is my guilty pleasure … Read more
If you have student loans, then I’m sure you agree with me when I say that student loans are a huge burden. Student loan forgiveness and discharge programs offer freedom from the burden of your monthly student loan payment. But it’s not easy to understand what you qualify for and how to apply for student … Read more
Are you in the 1% or closer to the 99%? We all like to compare ourselves to other people. It’s unavoidable and happens in every industry, fashion, fitness, and yes, even finances. One of the best ways to find out where you stand financially in comparison to your peers is with your income percentile. Your … Read more
Student loans can be overwhelming. If your student loan has gone to collections, don’t feel bad. You’re not alone. The average default rate after 3 to 5 years of paying off your student loans is 11.5%. It’s even worse if you attended a for-profit college. Out of 100 students who attended for-profit colleges, 43 defaulted … Read more
Dealing with student loan collection agencies can be a total pain. Here’s a list of all 39 debt collectors and how to contact them. If you default on your student loans, it’s very likely that your loans are sent to collections. Which means the Department of Education hires a third-party collection agency to try and … Read more
I’m sure you’ll agree with me when I say that getting your financial life in order is not easy. It’s way too easy to become overwhelmed when it comes to managing money. Just think about all the things we need to do: get out of debt, save for retirement, budget daily expenses, and make sure … Read more
When I first started to tackle the mountain of debt that I had amassed, I did what I considered the practical thing to do. I prioritized the different debts by their interest rate. By paying off the high-interest debt first, I was going to avoid hundreds of dollars in interest over time. Makes sense right? … Read more
We all have a general idea of what “credit score” means but how many of you can define it in concrete terms? Credit Score Definition: Here’s the definition of a credit score: Your credit score is a number that tells lenders your creditworthiness. It attempts to figure out the probability that you will repay your … Read more
