Hello, I’m a recent law school graduate, hoping to pursue a career as an attorney. I was hoping to be in a different place at this point in my life, both from a financial and career standpoint. Like many people, I had grand plans for how my life would go, and it has gone differently than I imagined. There have been metaphorical hills and valleys, but I’m currently in a “valley” season financially.
I have been working part time jobs the past few years, and paying on my student loan debts where I can, but I am finding this to be more and more difficult. I’ve been working seven days a week between 2 jobs, and am currently trying to prepare for the bar exam. I’m concerned that the job which makes up my primary source of income is in jeopardy. My boss, who owns this small business where I work, has been a victim of embezzlement. As a result, my last two paychecks have bounced, causing a delay in my monthly earnings. Every little paycheck counts, so this has had a direct impact on my income, and potentially the existence of the store itself. This “snowball” effect is causing great uncertainty, and I’m not entirely sure what my options are.
It is becoming increasingly difficult to keep up with my bills, while progressing with my career plans. I’m hoping to become a home owner soon, but my student loan debt, which is around $250,000, and consists of both private and federal loans, is preventing me from getting a mortgage.
With cost of living going up, I’m not quite sure what to do. My expenses are becoming overwhelming, and my financial options are limited. I share my rent with a roommate, and am still struggling to make payments every month. I’ve gradually depleted my savings, and am scared that I will soon have nothing. The uncertainty of this is becoming overwhelming.
I’m not expecting to pay off all of this at once, but I am at a financial crossroads. I make consistent payments on my private loans every month, and am coming to a point where I am struggling to make payments on my loans while keeping up with my rent and other monthly expenses. I’m working to be able to maintain my existing expenses, but also begin to move forward with my life.
Every little bit helps. I appreciate anyone taking the time to read this, and consider contributing to my cause. I hope to be able to pay it forward some day.