Hey everyone! We have a killer dear debt letter from Jen. Jen is an HR/Finance professional and frugal lifestyle blogger. Jen and her husband are working on a crazy goal of paying off $117,000 of student loan debt in just 3 years.  She writes about healthy eating on a budget, destroying debt, and living frugally on her blog Frugal Millennial.

Dear Debt,

I met you when I was just 18.  I thought I needed you. I knew you were bad for me, but I didn’t think I could live without you. I didn’t really understand how you would affect my life. I should have known better.

When I was 22, I decided I needed you even more and I decided to go to graduate school. I finished graduate school with $75,000 of student loan debt. I struggled to find a decent job and eventually settled for a temp job that paid half of what I had expected to earn.  

I needed a break from you, so I tried to ignore you for six months. When my grace period ended, I was forced to face you. I realized then that my monthly payments would be nearly as high as a mortgage. I became anxious and depressed. I worried about you constantly. You ruined my life.

You are the reason why my husband and I do not own a home, have not started a family, and haven’t saved any money for retirement yet. You stole my dream of living a better life than my parents had.

But you will not win. I am no longer confused by you or overwhelmed by your tactics. I know how you operate, and I know how to beat you. I will not tolerate you for the next ten years.

In three years, I will break up with you and I will never see you again.

My husband and I are living with my parents to save money, side hustling like crazy, and living an extremely frugal lifestyle.  The sacrifices we make are difficult, but it is worth it to get rid of you.

I cannot wait until the day when I will never have to see you again.


Melanie is a freelance writer currently living in Portland, Oregon. She is passionate about education, financial literacy, and empowering people to take control of their finances. She writes about breaking up with debt, freelancing, and side hustle adventures at DearDebt.com.

Currently she puts more than 50% of her income towards debt, while living a frugal, fun life. In addition to her love of personal finance, art and music, she is also a karaoke master. Follow the adventure @DearDebtBlog.

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7 responses to “Dear Debt, I Should Have Known Better”

  1. That’s great you can live with your husband’s parents to save money. Not only will you save money faster, but you’l also really appreciate your own place a lot when you’re done and can move out! Best of luck!
    Tonya@Budget and the Beach recently posted…My 3 Weird Side HustlesMy Profile

  2. Living with parents as a married couple is a tough step. Props to you for going to such extreme lengths to ditch debt for good!
    Broke Millennial recently posted…The Evolution of a F@*k Off FundMy Profile

  3. Thank you! It has its challenges, but it’ll be worth it!
    Jen @ Frugal Millennial recently posted…Why I’m Grateful For My Student Loan DebtMy Profile

  4. Student loan debt is a killer. You give up both time AND money to get your degree and even then it’s a risky trade-off. If you increase your value to the marketplace 10% but it takes you 10 years to pay off, is it a good deal? The more I see things like this, the more I think that student loan debt is getting wildly out of control.

  5. LaMesha says:

    What an ambitious goal! I have about that same amount to pay back as well. Having it hang over my head is so depressing. Going to check out her blog right now to see if she has any tips and to see how she’s doing.

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