smart spending

5 debt and saving tips for 20-somethings

Assess your debt
Next
3 of 7
Back
Assess your debt

Along with those new initials you now have behind your name -- MBA, B.S., Ph.D. -- you also may have acquired a heaping pile of debt. It's up to the individual to devise a budgeting strategy that maps out which debts to pay first, Weiss says.

Many 20-somethings coming out of college and graduate school are saddled with a series of student loans. Government subsidized loans may have more favorable interest rates and deferment opportunities, whereas private student loans might have high interest rates.

Also factor in any credit card debt that may have accumulated from all those textbooks and late-night pizzas.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us