Get Out of Debt Guy

Should I Stop Making My Car Payments? I'm Depressed and Hate My Job.

Posted January 22, 2015

Dear Steve,

I'm 27 year old single guy, currently working in an IT company, however these past few months has been a depressing experience, the first few months were fine and assuming that I will stay with the company, I bought a new car.

The commute is almost 2 hours (one way). To cut it short, I hate the job, I've broken down in tears many times, felt depressed (although i kept denying it) even did a few online depression test.

I've not obtained a new job yet but have been applying. Although I did submit my resignation letter and it has been confirmed. The job is ok, but its stagnant, boring, the hours is stressing (10 hours a day), the salary is fairly good, but i'm just not happy.

I love writing about sports, audio and video editing and anything related to learning.

So i have decided to pursue these things, however the big barrier is my car installments, my monthly bill come out to $200 includes insurance, education loan and car installment.

In addition, i just cant stand working in an office anymore. just hate it. I love learning new skills, if i can get paid to study history, i would do it! Currently, i live with my parents (yes). Both my parents are working as well as my brother.

Should i let go of the car? I'm just extremely worried about this year.

Car Guy

…Click here to read the answer.

Steve Rhode
WRAL Get Out of Debt Guy

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About this Blog:

Steve Rhode has had careers in opthalmology, real estate and as the head of a nonprofit debt counseling firm. On his blog, he offers hard-won, free advice about getting out of debt, consolidation and making the right choices as you manage your money.