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October 15, 2018

Debt to savings: One mom’s $700K swing

  • Even though Takiia Anderson became a high-earner and rode a surging stock market, the way she set financial targets and kept a laser-like focus on them can work for others.
    • By KEVIN VOIGT
    NerdWallet

    When Takiia Anderson graduated from Boston College Law School in 1999, she was a single mom with a 2-year-old child, nearly $100,000 in student loans and a new job as a government attorney that paid $34,102 a year. She didn’t like that math.

    “People are talking about 20 years to pay off a student loan, and my daughter is going to college in 16 years,” recalls Anderson, now 47 and based in Atlanta. “I didn’t want to be in a situation where I’m helping her pay for college while I’m still paying my student loan.”


     
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