You may have heard recent buzz over newly proposed legislation that would allow students and former students to refinance their student loans. But what does this really mean to you?
The proposed law would attempt to afford students who have already taken out student loans at fixed rates to refinance these loans. Essentially what this would allow student to do is take advantage of the current lower interest rates that apply to new student loans. Keep reading to find out more and to learn how you can tell your lawmakers this is a good idea.
We talk a lot with students and new dentists about starting to save for retirement early. Without the proper discipline to save routinely as you start to work, dentists are left with much less at retirement than they had hoped for. Sometimes, it is hard to even know where to start. Read on to learn more!
Bricks and mortar banks have been the go-to for banking for decades. In the last few years, we have noticed alternatives to the stand alone banks popping up in the banking industry. As we look forward, even the traditional bricks and mortar banks (e.g. Chase, Schwab, US Bank) are offering more web-based online options for banking. Many banks today offer remote deposits using your phone or online setup of retirement accounts. Some banks are entirely web-based. Given that the student of today is more connected than ever before, here are some options for banking that do not require you to step foot inside a bank. Read on for more about online banking options available to you.
Many students in school or right out of school are afraid to invest their money. With not much knowledge in the area, it can be a daunting prospect. However, if you have a brokerage account or an IRA started while you are in school, there is one way that you can invest money without having an investment background. Dollar cost averaging is a method used where you invest a set amount at set intervals over time. Not only does this method spread risk, but it is easy to budget for the amounts invested. Read on for an example.
In honor of National Predental Week, Mouthing Off will feature all predental-focused content this week. You’ll even have a bonus post on Thursday!
A great deal of our financial advice in the past has been geared toward the dental student or young practitioner. As a predental student, you have many years ahead of you to focus on dental specific financial planning. Now is the time to focus on the basics. The two most important parts of becoming financially aware as a predental student relate to understanding your personal budget, using it and choosing a dental school that fits within that budget.
One of the most well-known ideas in the business world is: “There is no such thing as a free lunch.” What this really means is that when you decide to do something, there is always something that you could have done instead, but chose not to. The “thing you could have done” is a lost opportunity. You gave up something to do or get something else. This idea is known as “opportunity cost.” Read on to find out how opportunity cost can effect your financial future.