Getting out of debt requires people to live within their means. But increasing income allows more money to be dedicated to eliminating debt. That means it may be time to explore the job market to see if there are opportunities available that would pay more. It may also be the time to acquire new job skills.
Vandagriff said even though he has a full-time job as an email marketing manager and part-time marketing consulting gigs, he is working toward finishing his college degree.
"I strongly belive in investing in yourself," Vandagriff said.
He has attended college off and on for eight years and is now set to graduate from Utah Valley University with a degree in Information Systems in the spring of 2014. The school's flexible classes have allowed him to study in addition to work.
"To me, a college degree is worth about $20,000 a year. I've hit a glass ceiling and so once I get a degree it's going to massively improve my ability to pay off debt and to be able to live the kind of life that I want," Vandagriff said.
Although he was nervous to be open about his financial struggles, he said, he has received a lot of support from his friends and family.
"Materialism is a very widespread problem. Maybe not on the same scale as me, but other people can relate and they really admire and respect you if you're open about it and see that you're trying to change your ways," he said.
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