Ask me anything 4th edition
Photo by: NickStarr
Each week I give the readers of Gather Little by Little a chance to ask me anything. The only real rule is that I can decline to answer. I’ll do my best to answer as many questions as I can though. Have a question you would like answered? Just drop me a line or leave a comment!
I received two questions since last weeks Ask me Anything post. The first questions is from Jennifer who asks:
Is it better to take out student loans to pay off extreme credit card debt (over 12K), or to say no to the loans (not needed for living expenses due to a scholarship and family support). These are graduate school loans, both
subsidized and unsubsidized. Thanks!
Jennifer, to be real honest, I am not all that familiar with the process of student loans. My understanding is that student loans are to be used to pay for educational expenses. Assuming your credit card debt is due to education expenses and assuming the student loans would provide a lower interest rate than your credit cards, than yes I would recommend moving the debt from your credit cards to student loans.
Remember though, you aren’t paying off your credit card debt by doing this, just moving the debt from one place to another. Before you do this, I would recommend you really take a hard look at your spending and change your habits, otherwise you might end up in a situation where you move the debt over only to rack up the credit card debt once again.
The second question this week comes from Eric who asks:
Hey Glblguy! What do you do for fun?
Hi Eric, thanks for the question. Well, besides writing here on Gather Little by Little and working on my other various internet projects, I like to do lots of things. I enjoy reading both fiction and non-fiction. Expect some book reviews coming soon as I got a great deal of reading done while on vacation for the past week.
I also enjoy playing with my kids, going out to dinner every so often with my wife, playing video games with my wife and kids on our Wii, working on our house (most of the time), watching movies, taking care of my fish aquariums, and playing Dungeons & Dragons with my kids and some friends (yes, I’m a bit of a geek).
Mac or PC?
PC, but only because I can’t afford a Mac right now. If I could afford one, I’d buy a Macbook Pro. Since college, I’ve long been a fan of Apple products. My current PC is a laptop running Windows XP.