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Financial Decision Making: Tuition Fees or Future Debt?
The chapter delves into a couple's financial dilemma of whether to allocate $15,000 towards tuition fees or save it for potential cash flow to pay off a future $50,000 debt. They discuss leveraging upcoming financial gains, the strategy to pay off student loans after graduation, the concept of living debt-free, and the challenges of managing finances while one partner is in school full-time. The conversation also debates the option of taking a loan for school versus paying out of pocket, the implications of accruing interest, and setting financial goals for the future.