Hadley Malcolm writes on USA Today that the unexpected upside of student loan debt is the financial responsibility as she learns to set goals and to track budget. “The unexpected upside of graduating with $25,000 in student loan debt is the financial responsibility it forces on your life. I have to take control of every dollar I spend and know exactly where it’s going. I have to say no to dinners out with friends, Friday night drinks and other general fun a lot more often than I can say yes. I stare perplexed at the photos from exotic vacations and Euro trips so many of my Facebook friends seem to take every year — or as is so much more common once you pass age 25, the flood of shiny, diamond-clad fingers waving through my newsfeed — wondering how exactly these people have that kind of extra cash.” Taking control over your money is a crucial part of getting out of debts. Gaining an awareness of your personal finance while paying off the student loans will benefit the rest of your life. (usatoday.com)
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