Kelly was a lawyer making a six-figure income when she was laid off in April of 2010. Since then she has worked to make herself more marketable by going to school to obtain a Master’s degree with the hope of becoming a college teacher. She took out student loans to pay for both her additional education and to use the money to supplement unemployment.
Even with unemployment and student loans, money is extremely tight. She always enjoyed her large salary and is not used to living below her means. Now, she is still responsible for the student loan payments that have come due and car payments in addition to rent, utilities, and groceries. Her car is in need of repairs and due to the high price of gas, she limits her trips and stays home much of the day. She has very little in savings and has had to begin to rely on credit cards to get her through this lean time.