January 30, 2020

When you’re drowning in student loan debt, it’s easy to feel completely alone. But through social media, you can connect with other people who are going through the same struggles – and even get advice from the lucky ones who have managed to pay off their debt.

We’ve rounded up 7 Financial Instagram accounts for tips and tools to better manage your money and inspire you as you pay off your debt.

1. Bae on a budget
2. Financial watch
3. Modern frugality
4. POHVenture
5. Tyler McBroom
6. The investor in the white coat
7. Wise woman wallet
Where to go if you have student loans

Instagram accounts for those with student loans

There are many great finance and student loan related accounts on Instagram. While it’s impossible to list all the great accounts that exist, here are a few of our favorites that provide unique tips, ideas and advice.

1. Bae on a budget

The woman behind Bae on a budget is a law school graduate who paid over $ 70,000 in just eight months. On her Instagram, she posts ideas for side activities to help you increase your income so you can afford additional loan repayments.

She also shares updates on her progress in paying off the rest of her debt, as well as her financial goals for the year. In addition, it includes tips for saving money and reduce interest charges so that you can better manage your own debt.

2. Financial watch

Kimberly Hamilton is no stranger to student loans. Through drastic lifestyle changes and various side activities, she was able to pay off $ 40,000 in student loan debt in just three years.

On his Instagram account Benefit from Finance, Hamilton shares tips on how to manage your money and speed up debt repayment, as well as his favorite tools for managing your money and investments.

3. Modern frugality

Jen Smith and her husband owed a whopping $ 78,000 in debt, including student loans. After maintaining frugal habits and working several jostling side, they were able to repay their debt in just under two years.

On his Instagram account Modern frugalitySmith creates content on reducing your spending, keeping your focus on paying off your debt, and negotiating your bills so you can free up money to make additional payments on your student loans.

4. POHVenture

Evan Finton graduated from Kansas State University with $ 30,000 in student loan debt. Determined to pay off his debt as quickly as possible, he radically changed his lifestyle: he bought a small house.

Now he’s cut his living expenses even further by turning a van into a full-time home. After his student loans are paid off, he and his girlfriend and their two dogs roam the country. On his Instagram account, he shares details about tiny life.

If you need a dose of inspiration to manage your own debt, following Finton’s adventures now that he’s debt free might be just what you need.

5. Tyler McBroom

Tyler McBroom is one of the many financial advisors on Instagram. Certified Public Accountant, McBroom publishes tips on financial management and tax return preparation.

His Instagram account is ideal to follow if you are looking for advice on managing your ancillary income, tax deducting interest on student loans, and maximizing your tax deductions to lower your tax bill.

6. The investor in the white coat

Jim Dahle, licensed emergency physician, created The investor in a white coat to share personal financial information with other healthcare providers. For many doctors, dentists, nurses, and other healthcare professionals, student debt can be huge.

On The White Coat Investor’s Instagram account, Dahle shares budgeting tips, student loan repayment success stories, and information about federal income-based repayment plans and repayment assistance programs.

7. Wise woman wallet

The woman behind Sage Woman Wallet had over $ 53,000 in student debt after graduating from undergraduate and graduate degrees. She has decided to move to China to teach English, and she recounts her debt repayment journey on her blog and Instagram account.

She shares monthly financial goals, tips on how to increase your income, and inspirational quotes on her Instagram account to help you stay focused on paying off debt and achieving financial security.

Where to go if you have student loans

While Instagram can be a great resource for finding like-minded people who are on the same student loan repayment journey as you, it’s not the only place where you can find helpful information and advice. Here are some other tools you can use to help you manage your debt:

  • National Student Loans Data System (SNLD): If you don’t know what federal loans you have, use your Federal Student Aid ID to log into the NSDLS. The system will tell you what loans you have and who your loan managers are.
  • Federal Student Aid Office: Whether you need information on deferring or reducing your payments as part of an income-based repayment plan, the Federal Student Aid Office can help.
  • Student Loan Repayment Success Stories: Need a dose of inspiration? Check out these Student loan repayment success stories for ideas and advice on managing your debt.
  • Student loan repayment assistance programs: There are more than 120 student loan repayment aids and loan forgiveness programs available. Use our searchable database to find programs that can help you with your debt.
  • Best Student Loan Refinance Lenders: If you decide that refinancing a student loan is right for you, compare several different refinance lenders to find your best deal.

Kat Tretina contributed to this report.

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