[dapperfied]

She says her lease won't be over til another 8 month or so and is currently living in Vancouver and doesn't own a car, moving back is a big no since there are personal issues.

Originally Posted by PJ

Living paycheque to paycheque is what a lot of people do, especially when paying off loans at ~5% or more.

Personally, I think her rent is too high for the amount she's making, but I guess that's somewhat of a personal choice for her.

So she owes roughly $33k, and she has $16k in her bank.

If it were me, I'd either move in with my parents or live with roommates to cut down living expenses, and just be frugal as fuck until I pay off my debts. If she did that, she could be home free in a year.

It's obviously not her first choice, but if she wants to face the facts she'll have to make a change somewhere. Personally, I'd rather live like a student for a year and then be home free, than be counting pennies for multiple future years. The amount saved on rent used to pay off the loan will be far, far, greater and faster than juggling around a few % on this interest or that interest.

Her choices are either that, or working with the ~$800 a month she has left over from rent and living expenses. Which, at $500 a month, would take her over 5 years to pay off.