Consolidating federal loans sallie mae
It’s the single most important step in any budget, but it’s even more important with cash flow budgeting.When you automate your savings, you remove the money you saved from consideration.These are your “growth expenses.” They get paid after your fixed costs.
They break their budget and sometimes wind up in serious financial trouble. It might just require a different approach to budgeting: cash flow focus.
Consider, too, the total you’ll pay over the life of the loan.
If you consolidate credit card debts into a 15-year home equity loan or unsecured loan, you’ll be stretching a five-year debt to 15 years.
You can also divide the money between the accounts on a per deposit basis.
How you choose to do so is less important than doing so. This savings provides you the flexibility to cover big expenses or make major purchases on your schedule.
You could end up paying as much or more in total interest and principal.