My car can't aford a new one please help

1993 MER 5.0 302 OIL COMING OUT FROM THE DIPSTICK TUBE SOMETIMES SMOKES

I would suggest that you check the PCV valve, as these symptoms could be the result of a PCV that is clogged shut. A new one costs just a couple of bucks, so don’t even think about cleaning the old one. If replacing the PCV valve doesn’t take care of the problem, then I would suggest checking the compression. You could have badly worn rings.