My Debt Blog

We are all aware of Murphy and as the saying goes, if it could go wrong it will. He also has friends like broke, desperate, and stupid that follow in his footsteps. I started thinking about the possible situations that we’re currently looking at.

First major one is my wife will be done with her summer job this Friday. Temporary employment has a known end date unlike being a regular employee and receiving a pink slip or some other random job ending factor. Job loss can be a Murphy but we have known the end was coming and she is doing everything she can to find another source of income. I’m hoping someone, anyone, calls this week wanting her to come in for an interview. It would relieve a huge amount of stress that has been building on both of us.

My current place of employment is feeling the summer slump. I was curious the other day and looked around job sites online. One of the places I found is very close to my home and pays at least 10k more up to 50k more per year. Even being somewhere in the middle of the two could result in around 2k more per month. The downside is it is a dot com startup so I don’t know what kind of future a place like that has unlike where I am currently. Even with that said I might feel it out and see if it could work for me.

The private student loans my wife has breathing down her neck are only deferred on economic hardship until September and October. They expect payments on those because she has reached a time limit on how long a loan can be on deferment. This is where the first two things I mention can come into play. If she got a good regular job then she could pay these on her own. Otherwise I could get a hopefully higher paying job to handle them for her until her income picks up.

I guess it is better to have some sort of plan on how to deal with a situation rather than hiding from it. It was known before we got married that our student loans are primarily our own responsibility. At the same time being married I don’t want her credit to be trashed just because of not making payments to the student loans. Right now I don’t make enough money to handle household expenses as well as taking on the burden of her student loan payments. I already handle making her credit card payments for her otherwise they wouldn’t get paid on time. If only she realized back in college the problem excessive student loans cause.

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