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Torn between two paths


I'm in debt by quite a bit, and on my regular income right now it would take a while to pay off. But I have other choices, I could get a part-time job at a store or something. Although, seeing as school will start soon (2-3 weeks) for me, I'm not sure if applying for a job right now would even be worth it, by the time they get back to me it could be the start of school. I don't want work to affect my grades or take up my whole weekends, it wouldn't be worth it in the long run. Plus if I decide to apply for a job I will have to give up something I enjoy. Now my question here is, I can apply for a job and get out of debt sooner rather than later and I would end up having a little extra spending money on the side, but I would be giving up something important to me and I would be risking my grades. Or I can just pay off my debt with the small income I have right now and be done with it after a loooooooooooooooong time, but I would have more time to keep my grades high and I wouldn't have to give up anything. Your thoughts please? Thanks

Also, if I get a job I would be out of debt within, I'd say 2 months tops. But without the job I would guess anywhere between 9-12 months


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Instant Person-Just add coffee.

Get a temporary job on the weekend, and put ALL the money you make on your debts.  Keep your grades up, you might have to give up a few things TEMPORARILY, but in a few months you'll be out of debt, and even if you quit your job, it looks like you'll have money to enjoy yourself on, and be DEBT FREE.

 

Read my personal finance for dummies blog and get tips on getting your finances under control.

Personal financial planning is the key to your success!

Paying of your debt sooner than later is your best choice.the longer you take to pay them off them more you will have to pay in interest.

As far as the second job goes. You have more choices than getting a job at a store or something.  You can do freelance work Online that will give you extra money and more freedom.  I could take 2 to 6 months doing freelance work but, your grades and free time would not be as affected.

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