Episode 6: Coach Cliff

Meet Coach Cliff

Age: 25

Salary: $40,000

Employment: Teacher/Coach

Savings and Investments: 

  • Savings Balance = $10,000
  • Checking Balance = $7,000

Debt:

  • $54,000 student loans

Coach Cliff’s main concerns, in his words

I graduated college three years ago with over 50k in student loans. I’m a teacher, and gross close to 40k a year and net just shy of 2k a month. I pay over a 1/4 of my net monthly income on student loan payments. I’m trying to figure out the best way to manage my finances. I don’t have the money to avalanche my student loans while maintaining my lifestyle. I am also debating getting my masters to increase my net income. It’s a constant concern for me.

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