Credit Card Debt, Student Loans, and Homeownership: My Goals For Sustainability in 2021

Brice Capital

Although the pandemic knocked me off track a bit, this year, I plan to continue with my efforts to live a more sustainable life. As I became consciously aware of the human impact on the environment, I was encouraged to reduce my carbon footprint. I wanted to do more to conserve natural resources and save the planet. Upon further research, I concluded that this started with my finances. 

Not So Sustainable Household

I was presently living with my parents, whose practices were far from environmentally-friendly. Despite my best efforts to make changes around the house, it barely made an impact. For every bottle, jar, or can I recycled, they threw ten times that in the trash. I’d turn off a light in the house, and my parents would turn on five. Not to mention, I was so far away from my job that I had to take two buses and a cab to get to work. 

Homeownership

As much as I loved my parents, I knew it was time to get a place of my own. I had some money saved up and figured it was best to buy a house. After carefully reviewing my finances, I realized that my debt was out of control. Between student loans and credit cards, my debt to income ratio and credit utilization percentages were so high that it impacted my credit score. Essentially, if I was going to become a homeowner and live a more sustainable lifestyle, I had to get my finances in order. 

Debt Consolidation

My credit cards had high balances and high-interest rates, which made them difficult to manage. If I was ever going to get them under control, I needed a viable solution. So, I visited BriceCapital.com for credit card debt relief. They offered low-interest rate loans to eligible applicants. The loan would enable you to pay off all your credit cards, leaving you with one affordable monthly payment to manage. The representative from Brice Capital assisted me in finding the best consolidation loan and repayment plan. It saved me a lot of money and helped me get on track with my credit card debt. 

Tackling Student Loans

The only other significant debt I had on my credit report was student loans. I’d deferred them for years creating higher balances and interest rates through the roof. I figured if Brice Capital helped me get my credit card debt in order, there had to be a similar solution for my student loans. So, I found an agency that allowed me to consolidate my student loans and essentially save more money. 

On The Right Track

It’s only been a few months since I consolidated my credit card and student loan debt, but I’ve already seen a difference. My debt to income ratio and credit utilization rates improved, causing my credit score to improve. I took the money I saved by working with Brice Capital and put it into an account to ante up the money I needed for a down payment on my new home. As long as I continue to be a responsible borrower, I should be able to start looking for a home in no time. 

Light At The End Of The Tunnel

I’ve started looking at the available properties within my price range just to see what was out there. Wanting to live a more sustainable life, I wanted to look for a place close to my job. That way, I could park my car and walk to conserve gas and help the environment. Believe it or not, I found several starter homes in neighborhoods with high walkability rates. They were also in communities that were dedicated to sustainability, which was a plus. 

Living a sustainable lifestyle isn’t easy when you live with others that don’t support the cause. As much as I adore my parents, embarking on my journey towards homeownership would enable me to reduce my carbon footprint. Brice Capital and other debt reduction opportunities allowed me to improve my finances and boost my savings to afford a home and lifestyle of my choice.