How to Stay on Top of Student Loan Debt

The biggest concern graduates have aside from finding a full-time job after graduation is that in six months their student loan repayments start. The challenging job market has made it increasingly difficult for the graduates to repay their student loans. Here are some tips I feel can be helpful in repaying your student loans:

Keep Everything – One of the most important things while repaying your student loans is to make sure you keep track of all papers and balances. If you have a file cabinet at home, I suggest creating a file to hold all of your statements, paperwork, and receipts. The biggest part of staying on track, is keeping everything organized. Set Up a Monthly Budget – It is always good to create some sort of monthly budget. The first thing I did when I graduated was take a look at my monthly income and monthly spending. I created my own monthly budget and broke it down into a few different categories. I set up a spreadsheet similar to this: