While student loans or home mortgages are the only kinds of debt you should ever have, they aren't to be kept forever.
Debt is debt regardless of a good interest rate or whether you can deduct that interest at tax time.
Remember: Home loans should be 15-year fixed mortgages and the total payment shouldn't exceed 25% of your take-home pay. Student loans should not exceed one year's salary of your chosen field.
More Debt Management
Debt is debt regardless of a good interest rate or whether you can deduct that interest at tax time.
Remember: Home loans should be 15-year fixed mortgages and the total payment shouldn't exceed 25% of your take-home pay. Student loans should not exceed one year's salary of your chosen field.
More Debt Management
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