Guest Post: Military Student Loan Forgiveness: Facts and Programs Available

Today we welcome a reader and guest poster, Drew Cloud. His article on Military Student Loan Forgiveness is especially timely with all the rumblings about the PSLF going away (even going away retroactively). What would you do if your loans you thought would be forgiven suddenly weren't, through no fault of your own?! While none of these options applied to…

Standing by for Baby MilitaryFIRE & updates

Hello all, Mrs. MF's and my baby will be making a sooner-than-expected entrance this week. Wish us luck! I'll get to posting about how we handled our baby-finances here soon! Some updates: Mrs. MF has cut my hair to perfection in under 20 minutes twice this month. That's a massive improvement, and all the more reason to keep doing it. Read…

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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