What is a reasonable amount of debt load for someone with a chronic illness?
December 22, 2007 7:23 PM Subscribe
What is a reasonable amount of debt load for someone with a chronic illness? I come from a family that doesn't accrue debt, which I realize is a luxury many people don't have, so I haven't had a model for managing debt. Specifics about my particular situation follow.
posted by RobotHeart to Work & Money (13 answers total) 2 users marked this as a favorite
I have vasovagal/neurocardiogenic syncope with pacemaker implanted, and those suckers need to be replaced about once every 8 to 10 years. Also I'm planning to go into a field that, while rewarding and flexible, doesn't make rockstar amounts of money (library science, and I'm planning on a more wired area of the field). I haven't gone back to school for my MLIS yet, but I want to within a year to 18 months. I have a tiny bit of credit card debt that I should be able to knock out in a couple of months.
My goal when I was younger was to actually have saved money lying around to pay for random medical things as they cropped up, but that is looking less and less possible. :) I get to pay mass quantities of money to health insurance providers because I have a pre-existing condition, and I can't stop health insurance when I'm doing well because of the way the HIPAA continuity laws work.
Currently I am in reasonably good health, paying to COBRA, and working 30 hours a week for a not-terribly-large hourly rate as a temp. I probably will be taken on by the company permanently, but we haven't discussed any raise or health insurance yet. If what I could get there wouldn't work out long-term for me, I think I'd do all right at getting something else better, but I hope it does work out because I really like it there.
I have an English degree and call center experience; maybe is there something from home I could be doing on the side?
I'm living at home, rent-free but giving a lot of service as a caregiver. I also hoped to move out soon. Maybe it's too much to do all at once?
Given all of the above, what should my financial goals for 2008 include, and what should my broader long-term expectations for my economic stability be?