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Category: Financial Updates

Public Service Loan Forgiveness Storm Clouds, Part 2

Public Service Loan Forgiveness Storm Clouds, Part 2

A few weeks ago I wrote about the potential for storm clouds surrounding Public Service Loan Forgiveness. A program that Mrs. ROB and I are enrolled in that we can use to combat our student loan debt. The initial controversy stemmed from lawyers who worked at certain non-profit organizations but those organizations weren’t classified as 501 3(c)s, which were the specific non-profits covered by PSLF. Apparently, these lawyers were told that their jobs were initially covered by PSLF, but then…

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Loan Forgiveness Storm Clouds?

Loan Forgiveness Storm Clouds?

Over the past few days I have been at a conference in Boston. And while I was performing my administrative duties I had a number of people send me the New York Times article that appeared on March 30. In essence, the article exposed a potential problem for the Public Service Loan Forgiveness program, a subject I wrote two posts on this week (here and here). The potential problem is that when people submit their employment certification forms apparently the government…

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March 2017 Debt Repayment Update

March 2017 Debt Repayment Update

Over the past year I have tried to track my progress of paying off debt in quarterly updates. At the beginning of 2015 I had a total of $264000 in debt which included three primary debts: our mortgage, a personal loan, and my student loan. My goal for 2015 was to pay off 10% of my debt, which I was able to accomplish. I was also able to pay off a huge tax bill and our HEAT loan for 2015….

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What is Your FIRE Number?

What is Your FIRE Number?

In the title of this post some of you may not know what FIRE stands for. FIRE stands for Financial Independence, Retire Early. Well in the personal finance blogosphere one of the big things is determining when you can achieve financial independence (e.g. what date, what amount you need, etc). Since I began writing this blog just over 2 1/2 years ago I said that I had three goals: To track my debate repayment progress. To hold myself accountable to…

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Medical Debt/Travel Insurance Update

Medical Debt/Travel Insurance Update

In a couple of posts earlier last month I alluded to a trip I had taken to South Africa (read here and here). In one of those posts I mentioned how one of my students broke her ankle abroad and I had to put up over $5000 in medical expenses. To recap, about a week into our trip one of my students slipped and broke her ankle. Before the trip our university issues insurance cards for all the students and…

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Teachers and Talking About Money, Part II or My Contributions to the Issue

Teachers and Talking About Money, Part II or My Contributions to the Issue

A few months ago I wrote a blog post about teachers and money. I wanted to talk a little bit more about that subject and update what I am going to try to do on the subject. Readers of this blog know that I am a college professor. Mrs. ROB is a college professor. My brother and his wife are teachers. My best friends are teachers/college professors. And I teach at one of the best universities in the country for…

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Should You Do Your Own Taxes?

Should You Do Your Own Taxes?

It is that time of year again. It is time for all of us to submit our 2016 tax returns. I am sure you have received all kinds of mail including your W-2s, student loan interest payments, 1099s for interest, property tax statements, mortgage interest produced, etc. All of that paperwork can be daunting. It is also that season when you get all kinds of ads for people to do your taxes. H&R Block, Liberty Tax Solutions, Jackson Hewitt, etc…

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Debt Repayment, Final 2016 edition

Debt Repayment, Final 2016 edition

Over the past year I have tried to track my progress of paying off debt in quarterly updates. At the beginning of 2015 I had a total of $264000 in debt which included three primary debts: our mortgage, a personal loan, and my student loan. My goal for 2015 was to pay off 10% of my debt, which I was able to accomplish. I was also able to pay off a huge tax bill and our HEAT loan for 2015….

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Paying for Extra Household Expenses

Paying for Extra Household Expenses

The year 2016 has not been a very good one for the ROB household, financially and emotionally. We have had appliance breakdowns (read here, here, and here), we started our IVF journey (read here, here, and here) and actually got pregnant, but suffered a miscarriage a few weeks later. Luckily, we were able to get away a short-time later, but there are moments when it is still very hard for both of us. We try to socialize with others, but in…

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Our Trip to Prague

Our Trip to Prague

For the past week I have been away from the blog. I felt guilty for a couple of reasons. For one I blog here pretty regularly so I didn’t have any posts prepared while I was away. Secondly, I really wanted to talk about the presidential election, economy, financial independence, and early retirement on the blog. I will do that, but at another time. However, Mrs. ROB and I were away for a conference in Prague, Czech Republic. As a…

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