My Debt Blog

At the end of July now and it is hotter than hot, but soon it will cool down and leaves will start to turn. My wife found out that her summertime job will come to an end in two weeks (8/15) so things could get real tight this month. The last thing we need to do is continue our current spending habits if the income goes down. I hope these schools she has applied to start calling soon so she can secure a spot in time. If she’s not going to be a teacher she has got to find a job doing something, even being a teacher aid again.

When it comes to paying off debt, I am keeping everything current in order for our heads to stay above water. Since her car repair wiped out the EF, that needs to be built back up before I can pile on debt. I haven’t cashed my IRA yet, partly due to fear but at the same time it’s also a safety net too. Our overall debt is going up since the student loans are adding hundreds of dollars in interest each month. Even if the credit card balances go away, the progress is lost in the student loans. We have more debt than I alone can handle.

I’m starting to wonder if I should start considering a higher paying job. While I currently make a decent amount of money, my earning potential out there is probably higher. I’ve hit the three year point and am fully vested in my retirement fund, so I wouldn’t be taking any financial loss to go somewhere else. I think what makes me nervous is that I am comfortable with what I know is stable. All the basics are met with my income alone on a day to day basis, why change that? I’m also not sure where my wife will get a job and was waiting on her to determine where a good pivot point for us would be if we had to relocate.

The charts on the right side of the blog need to be updated, but I haven’t looked at the numbers lately. I will try to update those this week so I’m being honest with everyone. Sorry the latest posts have been so depressing lately, however that’s my current mood as of late.

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