February Update: We’re Broke


Since the beginning of 2017, we have been living paycheck to paycheck. The other night, Mrs. MilitaryFIRE asked how much we were making after each paycheck. “Zero,” I said, “we’re essentially broke.” We started the year with our checking account below its normal level due to some 2016 year-end IRA contributions and we haven’t been able to bring it up…

Risks and Rewards of Balance Transfer Credit Cards


After I resolved the Loan Group fiasco, I undertook our most risky strategy yet. We used a Zero-percent balance transfer credit card. What is a 0% BTC? Many credit card companies issue promotional offers to entice customers to switch their business. Zero Percent Balance Transfers are a common enticement. By applying for the card and indicating what current credit card…

Student Loan Refinance – FIRE Edition


Our next foray into repaying our $107,000 of student loans was learning about student loan refinance and consolidation. I researched several options, including SoFi and Citizen's Bank, where Mrs MF held a checking account. I submitted our request to refinance to both companies. We included myself as a co-borrower because I had better credit due to the age of credit…

Debt Snowball: Not a Chance in Hell


Have you considered the Debt Snowball for your debt? Learn from my story and save yourself the trouble. As I noted in the introductory post, before we got married, my wife and I sat down and seriously discussed our finances. I knew she had student loan debt. When she said she had a lot of debt, I assumed the worst would be twice…

Our experience paying off $107,000 of Student Loan Debt


Student loan debt is an evil drain on our national economy and a "hair on fire" emergency for our wallets. When I married my wife, we sat down and discussed our finances. We agreed that we would combine our finances, the good and the bad. While she brought great credit to our union, I also married her undergrad and graduate student…
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