This week’s USA Today Young and In Debt profile is about Heather Schopp. She’s 29 years old and has over $165,000 in student loans. She’s working two jobs to pay them off, but she’s still having a hard time making ends meet.
Part of her problem is she’s living in
Phillip Cook gives planer’s advice for individuals in similar circumstances as Miss Schopp.
- Set a budget
- Cut interest rate expenses (Schopp has $9,000 in credit card debt. Her interest rate is 16%. When it comes to credit card debt, Frugal Law Student has little sympathy.)
- Reduce living expenses
- Increase Income
Nothing new or exciting. Just common sense stuff. Let’s hope Miss Schopp puts this advice to practice.