I think three of the most important questions that you need to ask yourself are:
Remember that old saying if you "fail to plan, you plan to fail"? This also holds true for student loan debt. Perhaps you've moved overseas and you are steadily paying off your NZ student loan debt. You have a secure, well paying job and an emergency fund. Even if it will take more than 5 years to repay your debt, you know where you are going and you are on track. You have a goal and a plan. That goal and plan not only affects your student loan debt, it also means that you can make solid, positive, plans for other aspects of your life like starting a family, buying a house, or starting a business. Excellent.
On the other hand, you may have moved overseas and you do not know what your debt is, or you are not making payments, or your payments are not enough to repay the debt in a reasonable time frame, or you cannot see how you will ever get the debt under control, or you are dealing with the IRD and not getting a resolution that works for you. If you do not plan and take action, in 5 years time things are likely to be worse with your debt much larger, your options more limited, and your ability to get on with the rest of your life held back. This is not how life is supposed to be and it doesn't have to be this way.
In the next few blog posts we will be discussing options for making the future better. In the meantime, if you want to discuss the options for you please contact us.
- What do I want my student loan debt to be in 5 years time?
- What steps do I need to start taking now to achieve that goal?
- If I keep on dealing with my student loan debt like I am now, what will things be like in 5 years?
Remember that old saying if you "fail to plan, you plan to fail"? This also holds true for student loan debt. Perhaps you've moved overseas and you are steadily paying off your NZ student loan debt. You have a secure, well paying job and an emergency fund. Even if it will take more than 5 years to repay your debt, you know where you are going and you are on track. You have a goal and a plan. That goal and plan not only affects your student loan debt, it also means that you can make solid, positive, plans for other aspects of your life like starting a family, buying a house, or starting a business. Excellent.
On the other hand, you may have moved overseas and you do not know what your debt is, or you are not making payments, or your payments are not enough to repay the debt in a reasonable time frame, or you cannot see how you will ever get the debt under control, or you are dealing with the IRD and not getting a resolution that works for you. If you do not plan and take action, in 5 years time things are likely to be worse with your debt much larger, your options more limited, and your ability to get on with the rest of your life held back. This is not how life is supposed to be and it doesn't have to be this way.
In the next few blog posts we will be discussing options for making the future better. In the meantime, if you want to discuss the options for you please contact us.