Student Loans - Should You Still Collect Unemployment Benefits If a New Job Offer Pays Less?

Help A Reader: I’ve Got Serious Student Loans

I’ve been stuck, seriously stuck with the worst case of writer’s block. I could not get one word on a page…that is until I received an e-mail from Terri.  Here goes!

Hi there! Your story is inspiring and I could use some practical, objective advice. I will give you the outline version of my situation.

– Graduated from college with $90k in student loan debt *anxiety strikes just from typing that number*
– That is for both undergrad and grad school
– Employed full-time but only making $19/hr
– No credit card debt (thankfully)
– Car is paid off. Nothing too fancy, a dependable 2005 Jeep
– No outstanding medical debt
– I definitely do not live beyond my means. Cook dinner at home 90% of the time, no fancy vacations or shopping sprees

I’m actually quite sensible with my money but the student loans are overwhelming! With my current salary, I am only making enough to pay bills and meet living expenses. I’ve been looking diligently for a better job but that hasn’t happened yet. I know my earning potential is great, but right now I feel stuck.

Advice, please!!! Thank you in advance.

I loveeeee some reader advice. It makes the writing juices flow. Here goes my advice.

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dont believe the debt hype

Don’t Believe The Debt Hype

First, it’s about two o’clock in the morning and I’ve been struck by lightening.  At this time in the morning I have very little filter left and the part of my brain that usually censors what I say is drifting to sleep.  This is my way of apologizing up front.  I’m going to stand by whatever I write after this paragraph, but if you’re sensitive and if you’re a blogger, you might need to turn away.

I’m a debt and frugality blogger.  I hate to put myself into a box, but, it’s what I do and have been doing for nearly five years.  At this point I have seen just about everything related to debt.  I also read quite a lot. In fact, I might read too much because I sometimes suffer from analysis paralysis. […]

unemployed

In Dire Straits Do I Raid the 401K?

Okay guys, this is a help-a-reader request.  As always, when we do this, please be gentle.  This is a real person with a real problem.  They would like your help and input into their situation.  Names are changed to protect the debt-laden but the e-mail and story is very real.  Please do not comment if you can not give constructive advice.  Let’s hear “Amy’s” story. Here goes.

 I came across your financial blog while Googling something weird (don’t ask) and I’m fortunate I did because I need a normal, financially savvy person’s suggestion on what I might do about my 401K.
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save and make money to get out of the debt

Help! I Need Money

A comment was left of my post entitled If I Had A Million Dollars by Darcey on August 31 that inspired this post. I decided to turn her comment into a reader advice so chime in if you want to.

Darcey wrote: “Hi Sandy. I am sure you get this all the time. But I am a struggling mother or 4 with debt coming out of my ears. My husband is a small town police officer and I work part time medical billing. I am begging you for $$. […]

which way - Reader Advice: Pia 401K or Debt?

Reader Advice: Pia 401K or Debt?

Free Money Finance has a fabulous help a reader section where he posts questions that his readers has asked him and allows his reading audience to weight in. When Pia left a detailed comment on a post and wanted some advice on what to do with her financial situation, I thought, why not open it up to everyone since lots of people have money problems? Pia agreed, and below is her story. Be nice and civil everyone. Remember, this is a real person with a real problem in real life.
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