Just graduated? Then you have six months to figure out the first big personal finance challenge of your working career — how to pay off your student debt. Because college costs are rising far faster than the rate of inflation, America’s graduates are increasingly struggling with mountains of debt.
If you’ve ever watched a home-improvement show, you’ve likely got at least a passing familiarity with a wide range of tools, from wrenches and bolts to hammers and levels that can fix the myriad things that might break around the house. The financial world has a tool box too. It is filed with products ranging from Exchange Traded Funds to insurance policies aimed at fixing common financial challenges.
At some time in your life, somebody probably told you that renting is like pouring money down a rat-hole. “You have nothing to show for it at the end of the day!” Of course, that’s ridiculous.
