My Head Start: the Belgian Education System

Why I have a major head start in the race towards financial independence

An often heard mantra on personal finance blogs is to get out of debt as soon as possible. Rightly so, debt can truly cripple someone’s ability to save in the long run. The most talked about type of debt, especially on USA-based blogs, are student loans to pay for higher education. Not only did my first reaction “how bad can it be?” immediately vanish when six-figure numbers popped up, my head actually started to hurt. Insanity! Because over $100,000 in debt just for a university degree is an inconceivably high amount to a Belgian, it occurred to me that I had a huge financial head start to many of my United States peers.

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Savings Rate for June 2014

Build your piggy bank by saving

Each month I will provide an overview of my income and my expenses. Ever since I started going to university I kept track of every single euro coming in and going out – and not going out of course! While that sounds like a lot of work, it has become routine for me to open my trusty Excel spreadsheet in the evening and quickly update its numbers.

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