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Student Loans, Rising Car Insurance, and a Health Insurance Trap
Description
I found out this week that fewer than half of us have claimed a 1% discount that's sitting on our student loans right now, my car insurance keeps climbing even though I haven't had a single claim, and one of my own clients once owed the IRS $18,000 because of a health insurance rule almost nobody knows about.
Visit our website: https://www.becomingfinanciallyconfident.com
This is today's episode of Becoming Financially Confident, airing weekdays at 11:30 AM Eastern.
I'm Ralph Estep Jr., a licensed public accountant with 30 years in the business, and I'm joined by my cohost Juliet.
On today's show:
- That 1% student loan discount expires September 30th, and I walk through exactly how much it's worth and how to set up autopay without getting hit with an overdraft
- Why my own insurance costs keep rising even though nothing about my driving has changed, and the exact script I use to shop three quotes the right way
- A hard lesson from my own office: a client who owed $18,000 in health insurance subsidies he didn't realize he'd have to pay back, and the one thing you can do at healthcare.gov today
- Why I told my own team "don't do it" when we talked about delivery driving side hustles, and the real numbers behind why it can pay as little as $6 an hour
- What buy now, pay later actually does to your credit, and the statistic that surprised even me
Watch or join us live at https://www.becomingfinanciallyconfident.com/live.
Links mentioned in this episode:
Stamps.com affiliate - https://www.becomingfinanciallyconfident.com/stamps
Quicken Simplifi affiliate - https://www.becomingfinanciallyconfident.com/quicken
WalletHub affiliate - https://www.becomingfinanciallyconfident.com/wallet
Health insurance marketplace - https://www.healthcare.gov
Equifax - https://www.equifax.com
Experian - https://www.experian.com
TransUnion - https://www.transunion.com