Financial Vitals - Avoiding COVID Forbearance Lifestyle Creep
Financial Residency · Daniel Wrenne
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Show Notes
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Are you struggling with the temptation related to student loan perks? What are the intended consequences of student loans and associated COVID forbearance programs?
In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about saving money to avoid the COVID-19 forbearance lifestyle creep.
Topics Discussed: • COVID Forbearance: No payments, no interest on student loans until Aug. 31
• Good news? Yes, for PSLF, but what are people doing with the money?
• Average American Person: Temptation is to spend all or more money in pocket
• Consumption Effect and Awareness: Student loan payments will begin again
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