This post is a guest blog post by US writer Drew Cloud from The Student Loan Report. I was really intrigued to look at the changes to Australia’s tertiary education system through US eyes. I was always shocked that students in the US graduated with so much debt. But you know what – things are getting pretty expensive in Australia, too. Read Drew’s article and to find out more about the rising costs of education in Australia.
Sometimes the best laid financial and life plans don’t, well, go to plan. I found myself nearly two years ago suddenly single raising two kids. Nor am I alone. I had a coffee/chai chat with one of my good friends who had just made it through her first year post separation to find out how it had changed her financial situation – and perspective. What she had to say really resonated with me, so with her permission I am sharing.
Almond milk chai latte from the ANU Food Co-op Cafe
You would think that with being frugal and having an ambitious goal of not only paying off my home mortgage by the end of 2016 but also wanting to become a billionaire that I would be working with a financial planner. Actually, until recently, I have had an irrational distrust of financial planners.
Looking back on 2015, it was a fairly significant year for me in more ways than one. And I achieved one financial goal I set out to achieve – putting aside at least 10% of my income into investment. So this year I am going to aim for something even bigger: to pay off the mortgage on my residential property (i.e. my home).