The average student loan in the United States is ~$400 a month. The moratorium began in March 2020 during the peak of the pandemic. Since then, many graduates have become accustomed to having an extra $100 a week in their pocket – time to start skipping the extra guac to get ready for those payments.
Even better, why not start getting ahead of the monthly payment by saving a little each week? This Routine can help you absorb the shock of what may feel like a new monthly expense.
How to activate the Student Loan Savings Routine
How to set up this Routine:
- Activate the Routine
- Create a Plan for your Student Loan Payments
- Confirm the amount and frequency that you want to save
- Customize your notification to stay motivated – something like: “🥂 You’re ¼ there! “
- Save your Routine and ease the pain of making a new monthly payment
Quick tip: Try pairing this Routine with the Student Loan Payment Routine to close the loop by moving funds back into your main account to increase your available balance in time for the next payment (we suggest moving it a couple days in advance to make sure the funds are available when the payment hits your account).