
61. Revisit with Bella: I don’t want a student debt hangover!
The Happy Saver Podcast - Personal Finance in New Zealand
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How to Overspend on Student Loans
Bella is self-employed and puts 40% of her income aside for tax, a further 15% for GST and an additional 10% which she considers savings. She said she easily set aside $15,000 to cover her two month break from work in December 2021 until the beginning of March 2022. midway through her holiday she realized she had over saved and there was no way she could spend 15 grand so I received another message telling me she had paid down more of her loan on the 6th of February 2022 The total loan balance is now 24,984 and incredibly annoying figure who reasoning is that while 25 grand is a lovely round number 24, 984 is not and it motivates
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