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My best friend has gotten himself into quite a financial dilemma. He has not been very smart with credit card purchases. He is over five thousand dollars in debt just in credit cards. The interest alone is killing him. Recently, he was in the process of transferring jobs when the whole thing fell apart. It put him in even more of a difficult situation. His employer obviously did not like his decision to look for a new job. As a result, my best friend lost his job. Here he is in major debt and now he does not even have a job. That was a tough few days to be around him. Right now he is out searching for a more long term and better paying job, but for the time being he is working at the local office supply store to make some money. To help him get a hold of the problem and obtain some debt consolidation, I have let him move in with me. For the first couple of months, I am going to let him live with me for free. I hope the idea does not backfire on me. This way he can save about nine hundred a month on rent payments. The studio apartment he was living in is an unnecessary cost at this point. We sat down the other night and went over his finances. It will take him four or five months to pay off the credit cards and be debt free. First, he needs to find a new job. The temporary office supply job is not going to provide him with any stability. I am happy to see he is out making money rather than sitting around unemployed, but he needs to get going on another full-time job. The debt consolidation is only going to help him if he starts to save money after paying off his bills. Unfortunately, the money he is making now is not enough to start saving. Everything will go to bills. He has a job interview with a local sports marketing company on Thursday, so I am hoping it goes well and he gets the job.