Your net worth is $51,000 if I understand your numbers. I applaud your attempts to dig out of your situation but you have a long way to go. I think that you should focus more time on developing a budget and analyzing spending. Rice and beans. Beans and rice. How much are you spending each month? Where is every dollar going? Every dollar should have a name. Where can you cut back to free up money to pay off debt? Your debt(absent mortgage) is huge. With joint income of $120,000 you should be able to save $50,000 at a minimum per year. No vacations, no date nights, no frills. Become a spreadsheet nerd. Back into a savings number based on a strict budget and then:
1) make minimum 401k contributions to capture match
2) next throw every dollar into an emergency fund until your reduced budget x 6 is met
3) next throw every dollar at the 10% loan
4) as the car loan and consolidation loan are paid off redirect those pay down dollars to aggressively pay down the student debt. This is important. Your student loan debt is huge. I would not look at a "5 to 25 year repayment" plan on this debt. Knock it out Asap.
5) then start a 529 plan for the future education of your children. It would be my goal that my children not be saddled with school debt as you have been. It will seriously impede their financial lives as it has yours.
6) once these goals have been met you will be able to supersize your retirement and taxable investment savings.
You will need to have your DW's buy in for this to work. Have you listened to Dave Ramsey's pod casts? They are truly motivating and you sound line a person who would be receptive to his guidance. Start listening now.
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