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Student Loan Debt: How to Reduce Those Monthly Payments

The college class of 2016 will graduate with an average $37,000 in student loan debt. Another surprising number? The $2.7 billion in free federal student aid that goes unclaimed every year. Yikes. Check out my TODAY segment below for how to reduce monthly payments.

 

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Top five financial fears: Inside women’s worries about money

In a TODAY survey, 20% of viewers said their biggest fear was having too much debt, and 19% felt it was outliving their money. We talked about how to overcome some of these fears this morning on a new series called Her Two Cents TODAY. Check it out!

 

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Paying off student loans: How to cut your monthly payments

About 1/3 of college students with student loan debt say they’d rather not have sex for 10 years than carry that amount of debt. Did you know Americans owe more than $1.3 trillion collectively in student loan debt? You can watch it grow $2,726 every second here. This morning, I talked cutting monthly payments on TODAY. Check it out.

 

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#startTODAY Spring Forward

Ever wondered how to get your credit in order, or which debt you should tackle first? This morning on TODAY, Jill Martin, Joy Bauer and I answered your Facebook questions about “spring cleaning” as far as organization, health and finances. Check it out.

 

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#StartTODAY Is Back!

Happy 2016! I hope everyone had a fantastic (and safe) time ringing in the New Year. If you’re one of the 45% of Americans who made a resolution this year, then here’s some good news.

Whether you want to lose weight, get organized or – my personal favorite – spend less and save more in 2016, “The J Team” has you covered. For the entire month of January, I’m joining my pals – nutritionist Joy Bauer, organizing guru Jill Martin and new mom (who is looking to stop making excuses and start working out) Jenna Bush Hager – on the Today Show for our second annual #StartTODAY series, in which we offer advice and tips for starting and sticking to the changes you’d like to make for yourself.

We had the initial kick-off on Friday, and every Thursday, I’ll be on with segments devoted to earning more, spending less, investing what you can and protecting your financial life. Then, on Fridays, we’ll be on air answering questions on Facebook and Twitter. I hope you’ll join us!

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Make A Dent In Your Debt For A Hassle-Free Holiday

The average American household has roughly $7,500 in credit card debt, so how can you reel it in? See this morning’s segment for my tips on how to pay it down!

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Today’s Money: Student Loans? 5 Ways To Lower Your Payments

Americans owe $1.2 trillion in student loan debt — at interest rates, typically, of 3.4% to 6.8% on federal loans, and up to 14% on private loans. According to Sofi, a leader in the business of student loan refinancing, customers save an average $14,000 by refinancing their loans. So, how do you know if this route to free money is for you? Check out the segment below, and see the story on Today.com.

The #startTODAY 52-week Savings Challenge

photo-money-dietIs saving money one of your new year’s resolutions, or something you want to make a priority in 2015? Then keep reading!This month, as part of our #StartTODAY series, #TeamJean will take the 52-week Savings Challenge — and if you join us, you’ll end the year with $1378 to your name.

That’s a big deal. According to Bankrate.com, 26% of Americans have no emergency savings at all, and the number of those with enough to cover six months worth of expenses shrank from 45% a year ago to 40% today.

There are different ways to save — some people save their windfalls, like tax refunds or bonuses — but the very best way to do it is habitually (i.e. every week) and automatically (so that you don’t really have to think about it.)

Enter: the 52-week Savings Challenge. Here’s how it works:

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Money Sense on Fortune

gradShould you refinance your student loan? The answer has changed in recent months. In this week’s Fortune column I highlight the recent deals from both bank and non-bank lenders that can save both students (who hold Stafford loans with fixed rates ranging from 3.86% to 6.8%) and their parents (who hold PLUS loans with fixed rates between 6.41% and 8.5%) some decent money.

Read on here.

Money Sense on Fortune

XSmallToday’s Fortune column is based on an Arizona Pathways to Life Success (APLUS) study, which found that more than half of college graduates rely on their parents for financial support (that includes nearly half of those employed full-time). Additionally, these recent grads don’t seem to value the same things many of us did at their ages. Nearly 30% said marriage and having children wasn’t important — and roughly 20% don’t value owning a home. And 16% — gulp – said living on their own is unimportant. For more — and to see my take on the matter — head over to Fortune.com.

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