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Started By
Message
Student loan and grants came in, advice.
Posted on 10/21/10 at 1:59 pm
Posted on 10/21/10 at 1:59 pm
I have enough money in student loans and grants to last at least 18 months.
I was thinking I should put it in a CD, so that I make a mental note to be frugal, if I can't touch it I can't spend it. Other ideas could be to put it in a money market account, or maybe pay some of the loan off now. But I don't want to do that because I might just have to pull some out in the future.
What do you recomnd?
I was thinking I should put it in a CD, so that I make a mental note to be frugal, if I can't touch it I can't spend it. Other ideas could be to put it in a money market account, or maybe pay some of the loan off now. But I don't want to do that because I might just have to pull some out in the future.
What do you recomnd?
This post was edited on 10/21/10 at 2:12 pm
4
Posted on 10/21/10 at 2:10 pm to Tiger4
quote:
if I can't touch it I can't spend it and I will make the money I can touch last longer.
Posted on 10/21/10 at 2:11 pm to TheHiddenFlask
Posted on 10/21/10 at 3:21 pm to Tiger4
Opps thanks for the advice I thought I made a gramaitcal error. 
Posted on 10/21/10 at 4:30 pm to Tiger4
Find a small bank offering high interest on checking accounts, usually have to make 10 or so deibt card purchases a month and get electronic statemnets but they yield between 3-5% for up to 25K
Posted on 10/21/10 at 4:34 pm to Tigerpaw123
Put them into a safe mutual fund or a CD if you are worried about the market blowing up again.
Or pay any excess off the loan that you can as the interest you are accruing outweigh any you will gain (unless they are subsidized)
Or pay any excess off the loan that you can as the interest you are accruing outweigh any you will gain (unless they are subsidized)
This post was edited on 10/21/10 at 4:37 pm
Posted on 10/21/10 at 4:37 pm to Tiger4
quote:I hope this is a joke.
Opps thanks for the advice I thought I made a gramaitcal error.
If so,
. If not.......
.
Posted on 10/21/10 at 7:18 pm to Tiger4
quote:
I have enough money in student loans and grants to last at least 18 months.
Pay whatever you can off the loan.
I wish I would of done that, 6.75% interest rate is not exactly fun paying back.
Posted on 10/22/10 at 6:26 am to Tiger4
overheard a guy at the gym this morning say when his grants come in in a week or so he is going to get some tires, rims, and a tint job. not sure if you want to consider something like that or not 
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