Tag Archives: debt

I wish someone had told me…

That having a job doesn’t mean having money. And graduating college doesn’t mean you’re livin’ the good life.

That’s right.. it’s another rant about the “Real World”

Today I had to call up one of my student loan lenders to negotiate a lower monthly payment plan. We worked it out and lowered my payment by about $150 a month but it still gets me agitated. I always thought I’d graduate from college, get a job, start my career path, and chip away at my college loans.

All was going according to plan until the surplus of money I had saved up during the grace period of payback for loans ran dry. Suddenly I realized I didn’t have enough money to go to the grocery store until the next pay day, let alone put money down for my loan.

What am I doing wrong?

The truth is.. nothing. I have a good job that pays me more than I expected out of college, and I live in a city with an exceptionally low cost of living. I save money and don’t buy extravagant clothing (other than the sale shoes that I really can’t live without…) and budget for my bills each month.

Well, in the real world, my valiant effort of saving money and working hard doesn’t matter quite so much. Sure it makes my life a lot easier and definitely puts me in a better off position than I could be, but that college debt from a $45k+/yr school doesn’t care about how hard I’m working. That debt (and it’s evil lenders) just wants to get paid, and with large amounts of interest thank you.

So while I negotiated a lower price, it will definitely take me longer to pay off the money I owe. But if I’m still making payments on it and recognize that it’s “good debt” to have… is it so bad to opt for that lower monthly payment?

These are the thoughts that come up when you combine 2 pints of Blue Moon and an overthinker.