LogFAQs > #942508298

BakusaiTenketsu posted...

If your credit is good, reconsolidate all your loans and debts into one account (or credit card) with an extremely low or 0% rate for balance transfers. Drop the second job and set aside a budget for paying off your now singular payment.

If this isn't an option, I still suggest dropping the second job and budget around the debts another way. I would only recommend two jobs for a person who can't make ends meet with a single job. A job should be something you want to do, not have to do.

The problem is that most of my debt is student loans. I could refinance them privately, but the savings in interest wouldn't do much for me.

MawiIe posted...

what kind of numbers are we looking at here? how much debt have you cleaned up?

I paid off one loan group, which was about $20 a month, and am close to a second loan group, which would be an additional $60 a month. The third loan group would free up $80 on top of that; however, with the student loan deferments about to end, the third group would be much slower to pay off (I'd been throwing all of my loan payment money at one group at a time, and it'll be spread out again).

trizob posted...

Set a leave date a few months in the future. That way you have something to look forward to when you are grinding out those weekends.

Truthfully, if I keep getting the hours I've been getting, then I could quit in three weeks' time and have the second group paid off by mid-September.