I am heavily in debt right now mainly because of my loans from grad school. I didn't have much of a choice, so I chose to do that. I also have credit card balances I need to pay off every month, but that is of my own doing. However, if I was paid more, I probably wouldn't be in AS much debt.
I am a full-time elementary art teacher working at a private school in Queens, New York City. I have a significantly lesser salary than those who work in NYC public schools. I am also in graduate school finishing up my Master's degree for which I took out a loan. Since I do not get paid so much, it is harder for me to balance the little bills that I do have, a social life, art supplies (for me or for work), etc. I can hardly put any money into my savings!
The debt affects my art practice because all the money I could be using towards very expensive art supplies and materials have to go towards paying off the loan and some credit card balances. With the lack of money, I can't have a balanced financial situation. More money is being sent to the loan company and banks rather than art supplies to better my practice.