I Moved to Colorado

leavingohio

Flying back to Denver over Thanksgiving

Back in August, I moved from my home state of Ohio to Colorado. I had lived in Ohio my entire life. I even had the same address from age 6 until college graduation. Moving to an entirely different state was a big step! A lifestyle change like this has a big effect on your finances, so it’s time to finally share the details.

The Backstory

After graduating college in May 2014, I knew I wanted to do something different. I was in a decent spot already TBH. I had a bachelor’s, a $30,000 internship, and I could spend next to nothing while living indefinitely with Dad. But I wanted to aim for something more.

Right before graduation, my internship Boss told me they had a position available if I wanted to stay. Awesome right? While my recently graduated friends were busy searching for jobs and editing resumes, I’d be earning cold hard cash & receiving benefits.

If I took the position, I’d receive a pay bump of around $9,000. Those making insane six-figure software engineering salaries will laugh, but $39,000 straight out of college in Ohio isn’t something you turn down right away.

The Trap

I knew if I took this job, I’d be trapped. The town it was located in had a population of 6,000. This company was the area’s largest employer and few other opportunities in IT existed. My boss, without any subtlety, told me that there was no advancement path. I give him a lot of credit for being so candid.

The money was great as long as I lived in my childhood home. My dad wasn’t going to charge me for rent or car insurance or anything else. I knew if I got comfortable in that situation, I might not look very hard for my next job.

Ever since my semester in Europe, I knew I wanted travel to be a big piece of my life. That was the future I wanted. Staying in my hometown, even if it meant paying off my student loans faster, felt like going in reverse.

The Decision

After turning down that offer in early May, I was extremely fortunate my boss allowed me to continue on as an intern. My pay stayed the same, but that was fine since I had almost zero expenses thanks to Benefactor Dad.

Meanwhile, a close friend was in Denver, Colorado for their own internship. We had semi-seriously talked about me visiting but this was all early stages in May.

By June, I decided I was going to visit as long as my friend was cool with it. I dropped the bomb: “Can I stay longer than you probably expected? I want to try to find a job while I’m there.” My friend is awesome and agreed as soon as I asked.

The Visit

Gorgeous day in a Denver park

Gorgeous day in a Denver park

Now I had a firm date & clear purpose. I gave notice and prepared for the trip.

I started putting my friend’s address on job applications to increase my chances. I figured if I timed things right, they wouldn’t even necessarily have to know I wasn’t a local resident until the interview stage and by then, they’d be more willing to accept an out of stater.

I scored a few Skype interviews and some wishy-washy “Give me a call when you’re actually in Denver.” type responses. Most important, I scheduled 3 real interviews. 

I drove 900 miles to my friends’ apartment in late July. I arrived on a weekend, so we spent it drinking, catching up, and checking out the City. I instantly thought “This is a place I want to be!“.

I don’t remember an exact number now but I think I had 6 total interviews. I received 2 full-time offers. I also received 1 part-time-but-maybe-full-time-offer. The guy interviewing me didn’t seem sure, so I noped out of there quick. That situation was odd.

My goal had been to get a job in Denver. I’d done it. Now I had to commit! The money was fine, about 6K higher than my OH offer.

But did I really want to move? Start a new life so far from home? I’d done 4 months in Europe. But that trip always had an expiration date. I knew when I was returning.

My family assured me I could always move back. My friend told me I’d be crazy not to try it out. With their confidence and my own thirst for a new adventure, I accepted a job offer.

Decision made. I was moving.

The Move

Once I accepted the offer, I had 7 days to:

  • Find a place to live in a city I’d only spent 2 weeks in
  • Fly home
  • Pack
  • Rent a car
  • Drive to Denver…again
  • Move in

The clock was ticking….LOUDLY! I was running on adrenaline and started my apartment search. Denver’s rental market is insane. Availability is rare and units are expensive if you don’t keep your expectations in check.

On my last pre-move morning in Denver, I found a tiny studio on Craigslist. Price was affordable and there was no sketchy property management company in the mix. I called to schedule a showing. Voicemail.

It’s hard to describe just how stressed out I was during this process.

The owner of the building called me back an hour later. Could I meet her at 3PM to see the place?

DEFINITELY! I was so excited about the possibility of landing an apartment, I probably would have verbally agreed to a lease over the phone.

I arrived to a walkable neighborhood and genuine landlord. The studio was even tinier than the pictures suggested. Beggars can’t be choosers though. The landlord ran a credit check on site. I passed and immediately wrote a check for the deposit and first month’s rent.

Side note: Credit scores matter even if you don’t borrow money. 

6 hours later we met up again for the key hand off. How cool is that?!? This landlord was so willing to work with me they volunteered to come back to give me keys the same evening.

I flew home just a few hours later.

I arrived in Ohio exhausted. I took a day to relax, then started packing. I left after 4 days for my 2nd 18 hour cross-country drive in 2 weeks. If you’ve never done it before, packing up your entire life in a car is a very interesting experience. You notice how little material possessions matter.

Life In Denver & Finances

Since the move, life has been good. The job offers great flexibility and the starting pay is good. I’m enjoying lots of time off to explore a new city and can still visit home for holidays.

Driving down the highway each morning, I remind myself to look west at the mountains. Not everyone gets such an amazing view.

denverlibrarycardCity life suits me well. I drive less than ever. I’ve started to run with an intensity I haven’t had since high school and I’m about to register for my first marathon. Motivation is easy to find when you have great weather and numerous parks just blocks away.

On the finance side, debts are down and assets are up. I’ve paid some serious moving expenses over the past 7 months however:

  • Rental deposit – $600
  • Pro-rated rent – $400
  • Car rental – $600
  • Apartment “Stuff” – $200
  • Gas – $200
  • Car registration – $150
  • Renter’s insurance – $130

Without a doubt, I’d have more money and less debt if I had stayed in Ohio. I’m choosing quality of life over money. I knew that going into this and so far, it’s worth the trade. On the career side, I’m taking a calculated risk. My additional Denver salary is going to rent. Over time, I’m betting I’ll make more money & enjoy better job perks in my new city.

The important part is I am paying down debt and increasing investments, just not as fast as I could have. That’s a consequence I had to accept to make moving possible.

I’ll mention now this wasn’t a 100% impulse move. I’d been thinking about moving during my entire senior year. At one point I investigated teaching English in South Korea. That idea didn’t pan out but the goal of moving persisted.

I saved around $5,000 before quitting my internship. A small security blanket relative to the expenses moving can sap but still real cash for a real decision. I’ve read stories of others who move to new states, even countries, with nothing more than some clothes and a few hundred bucks. That’s not my style though.

I didn’t choose my new city by throwing a dart at a map. Denver became a logical choice for a bunch of reasons. I had a free place to stay with while I interviewed, meaning I burnt less cash while job searching. Denver’s weather is great for runners. My industry’s job market is extremely strong.

If you’re looking for a change, don’t be afraid to move. There’s a lot of world out there. The place you grew up may not be the place you thrive.

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Net Worth: March 2015

March 2015 is here, bringing with it the beginning of Spring and some decent net worth gains. The past few weeks have been cold and snowy here in Colorado so I’m excited to see (and feel) the warm sunshine. The snow wasn’t all bad – I worked from home 2 days this month due to road conditions. Might need to negotiate a regular work-from-home situation soon. :)

Great month for net worth gains. Focus now is on increasing my income and throwing the excess on the debt.

mar15networth

Overall increase of $2,249! If this happens every month, I’ll have a positive net worth in just over 2 years.

Details on how February went down:

CASH – Received tax refund and some unexpected gift income. Also had some weirdness with my student loan that resulted in no payment due this month.

ROTH IRA – We’re back up! Highest value I’ve seen in over a year. Great example of why you shouldn’t worry about performance day to day or month to month.

TRAD IRA – Same. Highest value since I rolled over my OPERS account.

CIVIC VALUE – Who knew a plain Honda Civic could be such a great investment?!? Just kidding, cars aren’t investments. When I have a loan on one though, I don’t want to be underwater.

PERA – I never see this money (it’s pre-tax payroll deduction) and love it! I’m tempted to start contributing to the available 401K but there’s no match and I have debt to kill so I resist.

PLUS LOAN – Refinance is still in progress. Had to switch lenders after the first one said I’m not eligible. 2nd lender is slow processing documents. Definitely want this to go through as it would open up some cool pay-down-debt-or-invest options going forward.

STAFFORD LOAN – Still making the lowest minimum payment possible while my PLUS refinance is in progress.

CIVIC LOAN – Still want to kill this sucka but I’m going to pay off the 2K Perkins loan and 3K PLUS first.

PERKINS LOAN – This loan is annoying. Just hanging out there with a $50 minimum payment. I don’t know how anybody, if they had no other debt, could stand to make payments on this for years.

That’s it for February! Thirsty for more? Here are all my net worth updates. I’ve also recently discovered The Ultimate List of Blogger Net Worth. I haven’t submitted TFS yet but take a look and you’ll likely see someone you can relate to.

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Net Worth: February 2015

February 2015 is (already!) here. I feel relief looking at a fresh month. The last few were exhausting. I battled various work emergencies. I felt guilty about some Christmas/travel related overspending (outrageously priced airport food). I was bummed spending money on necessary but expensive things: renter’s insurance and car registration. What did the end of January bring?

feb15networth

A net improvement of ~$1,000. Tight!

Going forward, I’m thinking I can increase my net worth by ~$800 each month just based on debt repayment and PERA (retirement) contributions. Then there’s the additional ~$600 of discretionary income that can be put to use…

Details on how January went down:

CASH – My emergency fund is complete! I just transferred $500 into savings bringing the total balance to $3,000. I usually keep ~$2,000 in checking. $5,000 is a nice round number that should be sufficient for most emergency situations I’d find myself in.

ROTH IRA – Slight decrease but no big deal.

TRAD IRA – Same.

CIVIC VALUE – I’m interested to see if my depreciation prediction holds true. I think this car is going to lose value slowly. Just for fun, I checked my model again but with 20,000 more miles. Value = $8,605. Sounds reasonable, since a Civic 2 years older with 90,000 miles is worth ~$8,000.

PERA – Mandatory contributions running on autopilot. In this pension plan, my contributions are 100% mine and they earn 3% fixed. If I pay in for enough months, I’ll collect a retirement benefit in my 60s

PLUS LOAN – Refinance is in progress! I’ll post soon detailing: why I chose to refinance when conventional wisdom says government loans are better than private, the bank I chose, and how the process went.

STAFFORD LOAN – I have these on a payment plan that results in the lowest monthly payment since the interest rates are mostly low. ~$25,000 is at 4.2% or less. I’ll apply any extra payments to the 6.8% loans.

CIVIC LOAN – I constantly flip flop when it comes to my car – I’d love to free up the monthly payment but I also like making rational math based decisions. At 2.94%, there’s little reason to pay extra. Other than the nice warm feeling of not having a car payment…

PERKINS LOAN – The student loan I’m always forgetting I have! This sucker has a 9 month deferment period after graduation compared to most student loans which provide 6 months. My first payment is due in less than month. I might try to kill this one soon just to get rid of another monthly bill.

That’s it for January! Thirsty for more? Here are all my net worth updates. I’ve also recently discovered The Ultimate List of Blogger Net Worth. I haven’t submitted TFS yet but take a look and you’ll likely see someone you can relate to.

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There Is No Student Loan Crisis

You wouldn’t think so would you? We hear constant doomsday tales that the world is about to end because of the 6 figure student loan debt every 20-something is carrying around. It’s simply impossible to graduate college in the United States without a trail of loans following. Right?

Wrong!

Let’s look at a few numbers:

Average amount of debt as of 2012: $29,400

Median amount of debt as of 2010: $8,500

Percentage of students with debt over $100,000: 4%

Those numbers are not nearly the horror show the media pretends they represent. The average is only $30,000, or the price of a brand new loaded Honda Accord. The average also is just that: an average. If I owe $200,000 for my degree and you owe $15,000, our average is $107,500. You can see how extreme borrowers distort the statistic.

Moving on to the median, which I think is a much more useful metric, we see even more good news. Half of students owe less than $8,500. That’s freakin’ amazing!

Finally, those with with the oft-whined about six-figure debt load only register 4% of borrowers.

But the best part, according to a report from the Brookings Institution, is that households with debt today are better off overall thanks to the increase in income provided by a college degree. This chart illustrates the point:

brookingspaymentincomeratio

The investment in an undergrad education has never been more worth it. Median weekly earnings for those holding a bachelor’s reached $1,108 in 2013. Median earnings for those with a high school diploma? $651.  An education in skilled labor (the trades) also has a high return on investment, given the relatively low cost of training.

For those with high levels of student loan debt, repayment plans are generous. Federal loans currently allow you to choose between the following plans:

  • Standard repayment
  • Graduated repayment
  • Income based
  • Pay-as-you-earn
  • Income contingent
  • Income sensitive
  • Extended*
  • Extended graduated*

If your income is low enough, a few of these plans can result in a payment due of $0.

These flexible plans are what allowed me to borrow the ridiculous sum of $70,000, yet have minimum payments of $475 with protection if I should lose my job. That amount is ~17% of my take-home income and I wish I had borrowed less.

The point is that I borrowed the money. I got the education I wanted, a fancy undergrad lifestyle filled with my own apartment, weekend drinking binges, and a study abroad trip to Europe. Those things cost money.

There is no student loan crisis. Most students are not borrowing extreme amounts. Most graduates are receiving an income boost that makes the return on investment extremely lucrative.

*You must owe $30,000 or more to be eligible for these plans. 

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Net Worth: January 2015

jan15networthJanuary 2015 Breakdown

CASH – Slight decrease here from December. I have around $2,500 in savings and want to bump this up to $3,000. That’s enough for over a month of living expenses.

ROTH – On hold while repaying debt.

TRAD IRA – Nothing exciting going on. It’s unlikely anything is contributed to this account until I change jobs.

CIVIC – Hey, a (random) increase! I think I’ve hit the point where depreciation will be much slower.

PLUS – Small decrease due to a regular monthly payment. However, I have some exciting plans for this loan that I’ll share later this month.

STAFFORD – Good: I found out my job qualifies for public service loan forgiveness. Bad: I’m limited to government or non-profit employers for 10 years. Worse: The forgiven amount would only be ~$5,000.

CIVIC LOAN – Due to my master plan for the PLUS loan, I may be able to pay this off in 2015!

PERKINS - No interest charges during the remaining 3 months of grace.

 

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December 2014 Net Worth

dec14networth

December 2014 Breakdown

CASH – Moving across the country was expensive, but I’ve been able to keep my cash reserves up. I’d like to have  $2,000 in checking to handle regular monthly bills and $5,000 in savings to handle any emergencies. All other income should be invested or pay down debt.

ROTH – I debate constantly whether I should contribute something to this every month. But then I think “No, you need to pay down your student loans!”

TRAD IRA – Nothing exciting going on. It’s unlikely anything is contributed to this account until I change jobs.

CIVIC – Slow and steady depreciation.

PLUS – Just entered repayment! My first scheduled payment is December 12th. This is my first priority to get rid of and I finally can now that my moving expenses are done.

STAFFORD – Just entered repayment on this as well! Already made the first scheduled payment. I chose the graduated standard repayment plan so my payments stay as low as possible. I can pay more on the PLUS this way.

CIVIC LOAN – Hate having this loan hang out. Reminds me I spent too much on a car. But the loan itself is extremely cheap at 2.9%. I’d love to pay it off by the end of summer 15 but I think I’d love seeing the PLUS balance fall more.

PERKINS - Grace period lasts 9 months.

Progress is still slow, but I’ve settled my new city and gotten used to the expenses that come along with living by yourself. Now I’m ready to kill this debt!

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Slice of Italy

I’m 2.5 years late, but I’m finally sharing some pictures from my study abroad semester in Torino, Italy. I was lucky to have 4 day weekends so I got to travel to other major European cities. I still frequently look back at this time in my life. I met incredible people and had some amazing experiences.  Here’s a taste:

Turin, Italy

torinogelato

Gelato stop the on the first day of classes. The shop was right beneath my apartment and I saw the owner, Johnny, almost everyday. This was taken with a friend’s iPhone when Instagram was “some app I found”.

torinoapartment

 View of my apartment. We were all told to adjust our expectations on living arrangements. Mainly that our apartments would be smaller than what we were used to. But mine was plenty big for my roommate and I. There’s a separate bedroom through the door by the fridge.

torinoarch

Olympic Arch constructed for the 2006 Winter Olympics. Located behind the Lingotto Mall (formerly a Fiat factory), just a few blocks from my apartment building.

Italian Riveria

cinqueterrehotelview

View of the Mediterranean Sea from my hotel room. We went on this field trip just a few weeks after arriving in Turin. This is when I realized I had made an awesome decision.

bottlewinecoast

 One of the best friends I made! Discovered we actually grew up only an hour away from each other. We were slightly tipsy at this point.

cinqueterredrink

We were waiting for the bus to come for the Cinque Terre trip and wanted a bite to eat. We saw a waiter walk by with this drink and knew we had to try one. It was amazing sangria and honestly this thing was like a breakfast snack. Loaded with fresh oranges, strawberries, and other fruit.

London, England

londonbrick

Cool brick I saw near Abbey Road. Something about the handwriting caught my eye. Best part of travel is when stuff like this pops up.

Paris, France

effieltowernight

We took a short boat cruise that went past the Eiffel Tower. Very cheap if I remember correctly and of course we had a few beers while the tour guide gave us info on the sights.

effielplatform

View from the 2nd (or 3rd?) platform on the Eiffel Tower. Advice: take the stairs if you’re able. You’ll save money and you can go your own pace.

Hamburg, Germany

airfranceflight

Doing the flight to Hamburg right! Good thing I was relaxed because I had a 45 minute layover at Charles de Gaulle airport. Not enough time!

germanybikepond

My German friend studied at my high school and we became good friends. I asked if I could come visit for a few days. He said “Sure!” and I got to see Hamburg from a native’s perspective.

Amsterdam, Netherlands

amsterdam

Amsterdam had a much smaller feel than I expected. Very fun vibe though.

Rome, Italy

colosseumpyramid

 Rome was probably my favorite trip. Not sure I could have ended the semester any better. Had a blast exploring the city, taking too many tequila shots, and biking through busy streets.

colosseum

Enjoying a casual walk through the Colosseum. I took 3 years of Latin in high school, so seeing this in real life was awesome.

romegroup

Rome close to Christmas is incredible and you can’t beat this group of people for a good time.

***

That semester had a big effect on my life. I had never left the United States before or traveled by myself. I learned a lot about independence, different cultures, and what I really valued. This is when I started to shift from wanting a high paying job after graduation, a fancy house & car, and all the other things we tell ourselves are evidence we’ve made it. Instead, I really just want time and enough frequent flyer miles to explore.

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I’m In Collections

medicalbillfolderI have an account in collections for a medical bill from over 2 years ago.

I know what you’re thinking. How could you BE so irresponsible? Pay your bills asshole! 

First we have to rewind all the way back to May 2012. I woke up one morning and felt terrible. Fatigued, low fever, and pain in my lower stomach. I laid in bed checking out WebMD for several agonizing hours – which confirmed I was suffering from 20 different illnesses and diseases. The pain became so severe I drove to the hospital. Not the safest decision looking back.

When I got there, I realized I didn’t have my health insurance card. No big deal, right? My mom arrived; someone instructed her to call the next day to provide insurance info.

I had my appendix removed and went home the next day. The story should end there, but of course it doesn’t.

In February 2014, a woman called and claimed I owed an anesthesia provider $1,500. I told her I didn’t because A) I never got a bill and B) I have really good insurance. She  explained that because the hospital didn’t get my insurance info when I first arrived, they never sent it to the provider. WTF.

The provider finally wrote it off as bad debt and now it belongs to a collection agency.

I received a scary looking letter in the beginning of May that (in all capital letters lol) said if payment was not received by May 31st, the account would be reported to the credit bureaus. May came and went and nothing was reported. I received an identical letter in June, but the date was changed to June 30th. Still nothing reported right now, but I’m thinking they’re going to follow through anytime.

The idiot at the collection agency has spent hours of her life telling me how hard the anesthesia provider tried to get in contact with me. Sent 3 letters. To the wrong address. Obviously those were returned. They had my cellphone number. Never called. She tried to be a hard ass and claim they have the original admission records and they contacted me according to the information I provided*.  Just for shits and gigs, I ordered those records. They had my mom and dad’s phone numbers as well.

***

Two weeks ago I sent a debt validation letter. Certified mail, return receipt requested. Cost me like 6 bucks. Debt validation is when you send a letter that asks the collection agency to prove you owe the debt. This is the first step in the dispute process.

Think about it. If a stranger came up to on the street and said, “Hey, you owe me $2,000 for a medical/credit card/electric bill from 2012.” You’d laugh in their face right? You’d want some proof before you starting writing checks.

A debt validation letter can get you that proof. If they don’t have it or won’t provide it, you’ll have an easier time telling them to piss off.

I see this going down 1 of 3 ways:

#1 My letters and previous phone conversation convince them they won’t receive any money and they forget I exist.

#2 They report to the credit bureaus. My only real play if this happens is to dispute it with the bureaus. I’ve read that the bureaus will cave if you send enough paperwork. I could eventually negotiate a pay-for-delete with the collection agency. Just need to write a letter saying I’ll pay you X if you agree to remove all records of this account.

My credit score would drop ~100 points. No need to panic, I’ll still have a ~650. I have no plans to buy a home or finance a car, so a bad credit score would be manageable. The iffy part is renting an apartment. Most landlords probably don’t care about an old medical debt. But it could scare away some.

#3 Same as scenario 2, but they actually sue me to collect. F that. Court would be an interesting experience but not one I’d like to have.

A week has gone by since the latest deadline and still no damage done to my credit. That’s a good sign! My letter must have worked or they’re gearing up to bring out the big guns.

*Except I didn’t provide the wrong information. My dad was standing right next to me as I rattled off my address.

To be continued…

Image credit: CX2

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July 2014 Net Worth

Screen Shot 2014-06-30 at 7.56.25 PM

July 2014 Breakdown

CASH – Continuing to save for a 2 week Denver job hunt. If I come up empty handed, I’ll regroup @ home and have enough cash to pay my bills for few months until I land something. I’m aiming to have $5,000-$10,000 before moving out.

ROTH – I know my account changes don’t look very drastic – just $24 from last month until now. But if I had started with 10K, it would have grown to $10,300. Investing won’t feel significant until you get into the 5 and 6 digit range. Once there though, you could be up or down thousands of dollars over the course of 1 day!

OPERS – Transfer just completed today. This is now a traditional IRA at Vanguard.

CIVIC – Love how slowly the Civic is losing value. I did a quick search and 2004 Civics are selling for ~$6,000. If that holds for my 2010, I’ll be in great shape in 2020. She’ll still have a reasonable value and roughly 120,000 miles. That’s practically brand new for a Civic! ;)

PLUS – Seeing the ~$300 monthly interest accumulate stresses me out. Don’t like this at all. I’m so tempted to throw 2K at this but I’m trying to hold off for 2 months while I job hunt.

STAFFORD – The interest difference between this loan and the PLUS makes me sad. :(

CIVIC LOAN – Want to pay this down just to get rid of it, but I’m holding out until I get my work/living situation figured out. I know I should just let it ride at 2.94% but…car loans are bad!

PERKINS - Grace period lasts 9 months.

Finally! After a couple months of questionable progress, I made some headway and actually increased my net worth. Now I need to be patient while I job search. The debt will start melting away soon enough.

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Relocating: Good or Bad Idea?

I’ve been done with school for 2 months now. I’m still working at my internship, after turning down a permanent offer, until I find the job I want. I have 6 months before I have to stop working. Tick-tock!

I make plenty of money to cover my low expenses. But I’m well aware that I have to move on. The sooner the better; I’m making 10K-20K less than what I expect to earn in a post-grad job.

The question is where. I probably won’t get a job in my immediate area. Tech isn’t a big industry here. I would be more likely to get a job in Dayton or Columbus. I’ve given a lot of thought to moving to Denver too because of the better job market, nicer weather, and to see a new part of the country.

I’m balancing paying off debt & keeping expenses low with designing a lifestyle I want. I change my mind every couple of days. It’s driving me insane.

If I work in Dayton or Columbus, I can live at home for free and rapidly pay down my student loans. Parts of Dayton wouldn’t be too bad, around 40 minutes. Columbus is 60 at a minimum. F that.  I’d pay my student loans down quicker, but at the cost of losing more time and and using up my car’s lifespan.

I doubt commuting all the way to Columbus works for more than a few months. I’d save up some money and move out. I have other things I want to do besides work and drive to work like: blog, train for a marathon, read, etc. I can’t realistically consider this an option.

Looking at rent prices, I’ll be paying almost the same regardless of where I live. The differences are whether I have roommates, studio vs. 1 bedroom, newer building, etc. I’m fine with living in a small cramped old studio in Denver if that’s what it takes. When I think about this, I lean towards Denver or Columbus. I have no desire to live in Dayton.

The math makes me reverse my decision. Estimating my income and expenses, I would pay ALL my loans off in 2018 if I continue to live at home and 2024 if I move. To achieve my 2020 goal of eliminating student loans, I’d have to earn more money in Denver or Columbus at some point. I’m optimistic I’ll receive raises and earn some side hustle income but there’s no guarantee.

Screen Shot 2014-06-29 at 8.52.56 PM

I’m stuck deciding if being debt free is worth sacrificing having my own place and a less car oriented lifestyle. Finally, I’m not sure it’s fair for me to continue living at home for free when I could afford to move out but choose not to.

My plan (as I write this haha) is to visit Denver in a few weeks and stay with a friend. Try to interview and get a job offer. If the offer is decent, I think I’m going to take it. I’ll move, crush it at my job, and do something to earn extra income in pursuit of that 2020 debt free goal. I’d love to hear if anybody out there has advice or a different perspective I haven’t considered!

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