Board 8 > Second job

Topic List
Page List: 1
Uglyface2
07/23/20 4:38:09 PM
#1:


Should I leave?



I got a second job right before the start of the year in order to clean up some debt. Ive been working almost every day for the last seven months, and I havent cleaned up as much as I had hoped. Most of the debt is student loans, and part is a personal loan.

My original plan was to do this for as long as I could stand it. Eventually I set the goal to finish three loan groups. Im almost done with the second group, but this has been a taxing experience and Im at a point where I dread going in on weekends. The job hasnt gotten bad, Im just very tired.

On the other hand, Ive cleaned up a lot of debt, monetarily at least. I dont see any better way of doing it; I either pay now or I wait for another nine years to run it out.

What say you, Board 8?
... Copied to Clipboard!
BakusaiTenketsu
07/23/20 7:06:28 PM
#2:


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.

---
... Copied to Clipboard!
azuarc
07/23/20 7:12:41 PM
#3:


Voted the last option just for the homage to Impossible Mission.

---
Video Game Music Contest 14: Now in progress.
... Copied to Clipboard!
MawiIe
07/23/20 7:29:30 PM
#4:


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

---
SantaRPG: Turning "i"s into "l"s since 2008!
https://imgur.com/c9koh
... Copied to Clipboard!
trizob
07/23/20 8:07:54 PM
#5:


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.

---
Red Alert: A Path Beyond - The FPS based on C&C Red Alert
Download and play for free at http://w3dhub.com/
... Copied to Clipboard!
Uglyface2
07/23/20 10:01:15 PM
#6:


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.
... Copied to Clipboard!
charmander6000
07/23/20 10:39:14 PM
#7:


BakusaiTenketsu posted...
A job should be something you want to do, not have to do.

You are either rich or have rich parents...

When it come down to it most (young) people have to work regardless of whether they like their job or not.

---
Congratulations to azuarc for winning the guru challenge
... Copied to Clipboard!
Peace___Frog
07/23/20 10:53:13 PM
#8:


Your mental state is extremely important and you need time to rest and not be a gear in a machine. Obviously it's important for you to clear off these debts and that's an admirable goal. I agree with the poster who said give yourself a date to quit in the future so that you can have something to look forward to, but still pushes you to accomplish some of the goals you've set for yourself.

---
~Peaf~
... Copied to Clipboard!
BakusaiTenketsu
07/24/20 12:03:00 AM
#9:


charmander6000 posted...
You are either rich or have rich parents...

When it come down to it most (young) people have to work regardless of whether they like their job or not.
I'm not saying you only work if you want to. I'm saying you only work a job you'll be happy going to.

---
... Copied to Clipboard!
XIII_rocks
07/24/20 12:06:45 AM
#10:


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.

I like this, personally

What if you left like before Thanksgiving/Halloween/Christmas so you could enjoy those holidays with a little extra spending money. Say at the end of September or something.

---
Not to be confused with XIII_stones.
https://imgur.com/agodP3r
... Copied to Clipboard!
banananor
07/24/20 1:09:28 AM
#11:


BakusaiTenketsu posted...
I'm not saying you only work if you want to. I'm saying you only work a job you'll be happy going to.
I'm with you man. It's easy to feel trapped in a bad job, and I'm guilty of having that mentality.

But i see so many people doing work that they enjoy and still making ends meet, and i wonder why i don't do the same.

We all have to work, but i bet if we keep our eyes open we can find work that feels a little better

---
You did indeed stab me in the back. However, you are only level one, whilst I am level 50. That means I should remain uninjured.
... Copied to Clipboard!
5tarscream
07/24/20 1:33:46 AM
#12:


If its not a career and youre not actively accumulating debt with one job Id say leave and take a break for a few months then if you feel like it, take on another secondary job further down the line.

---
Playing: Final Fantasy VIII Remastered
Reading: The Book Thief (16)
... Copied to Clipboard!
Drakeryn
07/24/20 2:20:17 AM
#13:


ultimately the question is, what will make you happier? which depends on your specific financial situation. if you quit your second job, do you still have enough to pay rent/bills and buy games and ice cream and birthday presents and whatever else you want? then you're good. if not, then you gotta weigh what's worse, cutting down your spending or having to work weekends.
---
another place and time, without a great divide, and we could be flying deadly high
... Copied to Clipboard!
MawiIe
07/24/20 5:15:21 PM
#14:


Uglyface2 posted...
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).

sounds like after you finish the second you'll get enough to double your loan payments, which isn't bad. After that you can focus on making more money on your main gig or a side project

---
SantaRPG: Turning "i"s into "l"s since 2008!
https://imgur.com/c9koh
... Copied to Clipboard!
HotDogButts
07/24/20 8:10:11 PM
#15:


Quit and find a better second job if you still need the money. What are you good at that you can do on your own time and make some extra cash?

Personal training, tutoring, graphic design? There are plenty of things where you can make a solid amount per hour that wouldnt necessarily make a great full time job but provide you with a good time/reward ratio that you can schedule around your primary position and not feel like youre grinding out every day of your life.
... Copied to Clipboard!
HotDogButts
07/24/20 8:12:53 PM
#16:


Also if you have a tough time figuring out how to be independent in your second job, what are the jobs youre working now? Being in an office 7 days a week can be brutal. But if you have an office job M-F, try to get a job mowing lawns on the weekends, or harvesting vegetables at a local farm, etc. The change in environment, even if its still work can help ease the grind of it.
... Copied to Clipboard!
Corrik7
07/24/20 8:22:45 PM
#17:


You are going to have to give us details if you want better help. How well does each job pay. How much monetarily do you owe on each loan and interest rate on each loan (you should be paying the highest interest ones off first).

You may be better off quitting your second job and using that extra time to find a better job period to replace both jobs combined. Depends on what we are talking here.

---
Xbox Live User Name - Corrik
Currently playing: Spider-Man (PS4), Quantum Break (X1)
... Copied to Clipboard!
pezzicle
07/25/20 8:03:54 AM
#18:


Can't you just take a weekend off

---
Tribe Time!
... Copied to Clipboard!
Uglyface2
07/25/20 3:50:14 PM
#19:


More details:

My main job is as a project manager in a medical billing operation. I like this job, I like the company, it pays well enough (if I didn't have debt), and I'm hoping to retire from there some day. My second job is a weekend gig at McDonald's. The sign said "flexible scheduling", and at the time it sounded like what I was looking for. It's not a bad job, it's just grueling to put in full time hours seven days a week.

My money situation is relatively tight. After setting aside money for bills, rent, and loan payments, I have about $300 to last me two weeks. This pays for groceries, laundromat, gas, and associated sundries. Occasionally I'll buy something fun for me.

I listened to Dave Ramsey, and the second job was supposed to be for a "manageable time" in order to free up money to start the "debt snowball" (pay off the smallest debt, use that money towards the next smallest, then the next, until it's all gone). Unfortunately, my debts are all large; aside from the one student loan group I'm close to paying off, the rest are all over $5000 each. The moratorium on student loan payments has been helpful since I've been able to pay down individual groups rather than spreading my payments across everything, but that's almost over.

I think I'm going to end the second job at the end of August. I'm not sure whether to give them two weeks notice or a full month, since I already know when I want to leave.

Thanks, everybody, for your input.
... Copied to Clipboard!
Corrik7
07/25/20 4:01:59 PM
#20:


You can possibly find a better second job than that to pay things off quicker. Perhaps a waiting job when this pandemic ends or a bartending job.

That said, snowballing is to keep people's will on point. Idk if your loans have different interest rates, but it is definitely the best to pay the highest one off first. Then it is all down hill from there.

It took me a couple of years to get all my school loans paid off, but when you do, it is a great feeling.

Now if I could just get rid of this mortgage... Grumble grumble.

---
Xbox Live User Name - Corrik
Currently playing: Spider-Man (PS4), Quantum Break (X1)
... Copied to Clipboard!
Topic List
Page List: 1