@pizza My partner and I decided against hiring a financial adviser for pretty much that exact reason. As the author says, she wasn't telling us anything we didn't know already. Instead we spent the money on an attorney (drawing up wills/powers of attorney/health care proxies),and we're hiring an accountant to do our taxes and give general advice.
I would think about taking on debt in terms of investment. Is the debt allowing you to make a good investment that would otherwise be impossible? My partner took on a large debt for graduate school, but it allowed her to enter a new field, be a lot happier, and make a great deal more money. It was a good investment, and the cost of the debt (interest & fees) was worth it. Some of that debt was living expenses that allowed us to live frugally but not miserably. I guess what I'm saying is that there's a financially responsible way to approach debt financing of things; it doesn't have to be frugality versus embracing debt.
I agree with the spirit of Logan's advice but not the substance. I would advise the writer to inform Employer X that she needs more time because of Employer Y's interview, explaining that while a full-time salaried job at Employer X is her top choice, she can't pass up the opportunity at Employer Y in the given circumstances. And if necessary tell Employer Y that she needs action sooner than Dec. 1 because she has an offer from Employer X. In other words, be honest, but use this situation to your advantage!
@jquick I'm not confused when the machine acts up. I sure would be confused if the police stopped me after I'd left the store. And, frankly, terrified. Maybe I would have felt exactly like this guy did. More likely not, since we've had pretty different life experiences. It doesn't really matter, though, because the point is that he was harassed by the store and detained by the police for buying a belt with his own money. I'm reserving my judgment for their actions, not the young man's emotions.
I look forward to the post describing how Logan negotiated a raise at the Billfold for producing excellent prose like this. Thoughtful & real, as always.
I love the one long line with multiple cashiers method. So easy! So fair! The thrill of getting to the top of the line and hearing your fate called out: "Cashier number FIVE, please!"
@amglory89 Ah, I see... in that case, do what Mike says! (you know, if that makes sense for your life)
I am curious about why the writer doesn't qualify for government loans. Is it because the graduate program is not eligible for some reason? If so, to me, that might be a red flag about the advisability of the program itself.
It would be interesting to compare this cost chart to a calorie chart. You bought $x of food, and 16.7% of it was carbs. But how many total calories did you buy, and what percentage of that was carbs? Which kinds of food, from what you buy, are most expensive per calorie? More fun with charts, if you want!
To be fair, they used to have these things called "pay phones" that you could use in emergencies.