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Manage Your Financial Life

GSM&R's mission is to provide you with personalized service and tools for successful repayment of your student loans. Recognizing that you are managing many financial obligations, we try to make repayment easier by providing educational information to help you manage your financial life. Organizing your finances and working to achieve financial goals is difficult at any stage. In this section you will find articles on a variety of topics – from understanding your credit report and building good credit to avoiding identify theft and creating a budget. You'll also find calculators that can help you set goals, establish a spending plan, see the impact of additional payments and forecast earnings based on industry trends, just to name a few. If you're looking for more information about managing your account or any other issue with repayment, LOGIN to your account or visit our Repayment page for more resources.


  • If you have high consumer debt, organize it in order of interest rates and begin paying down the outstanding balances with the highest interest rates first.
  • With 529 college savings plans, every holiday and birthday becomes an opportunity for family members and friends to contribute to your child's college education.
  • Build a reserve fund that will cover three to six months of living expenses if you lose your job or need to pay for emergency care or repairs.
  • Review your daily spending habits and reign in non-essential expenses to save money for your long-term goals.
  • Plan your weekly menu and grocery store trip by checking the ads to see what’s on sale, purchasing in-season produce and using money-saving coupons.
  • Whenever you’re considering making an unnecessary purchase, wait thirty days and then ask yourself if you still want that item. Quite often, you’ll find that the urge to buy has passed and you’ll have saved yourself some money by simply waiting.
  • Making lunch and taking it with you is a great money-saver and an excellent use of leftovers for meals at work.
  • Incorporate savings into your budget before you become accustomed to spending your income every month.
  • By starting early and sticking to a sensible, long-term retirement saving plan, younger workers will be better prepared for retirement.
  • Try to not exceed 30% - 40% of available credit in order to maximize your credit score.
  • Many grocery companies buy national-brand products made to their specifications and simply put their own label on the products. Be a smart shopper by comparing name brands and less-expensive generic options.
  • Renting an apartment? Protect your belongings with renter's insurance. Computers, electronics, instruments, and furniture are expensive to replace if lost or stolen.