By Henri Steenkamp
Today’s students and new graduates are saddled with years upon years of student-loan debt. This type of debt can be difficult for anyone to pay back in a timely, responsible manner, even in the best of times. In fact, many professionals well into their careers continue to struggle with balancing the checkbook and the needs of their businesses. It doesn’t help that a significant portion of borrowers don’t have the financial training to understand how to manage debt.
As a CFO, I work with numbers and budgets every day. My education and experience mean I understand a bit more than the average person about topics such as debt, profit margins, and setting budgets. But even professionals sometimes need a fresh perspective to help manage their own personal finances. If I can use my job as a reminder to be responsible with my personal budget, I hope that the 40 million Americans with outstanding student loans can, too.
