Precious AresThey had $120,000 in student loans and consumer debt between them. Precious, who is married to a university professor, and Precious, who is a four-year graduate, both went to grad school. They didn't realize the student loan burden that they would be facing after graduation. "When I was younger, I didn't really have a good understanding of loans and how much I was actually borrowing. I thought this was cool sign sign sign. But, I didn't really have the knowledge. As I became an adult and began to look for home ownership, I was shocked at how much I owed.It can be daunting to see your total debt. However, it is essential that you have a clear picture of where you are starting from when planning for a financial goal. It's hard to believe, but you can't create a realistic financial plan if you don’t know your true debt total.
