papadad111
Thinks s/he gets paid by the post
- Joined
- Oct 4, 2007
- Messages
- 1,135
+1 on trying to take advantage of the loan forgiveness program - I think working at a job you hated for 4 or 5 years to have that big nut retired (with no income tax implications!) is huge.
I also want to ++1 on the wedding comment that @ivinsfan made. Weddings are a notorious money pit and unfortunately for many people all fiscal common sense seems to leave them for anything that has the word "wedding" in front of it (e.g. "wedding photographer", "wedding cake", etc.) The absolute best present you can give yourselves for your future happiness and sanity is to NOT get any further in debt due to the wedding. Does this mean eloping? Wedding in a park followed by a picnic? Don't know, but please, please, please don't get sucked into the proposition that "nothing is too good for the wedding". That being said, if you are going to get wedding presents anyway, asking for cash to pay down debts instead of a new set of china would be excellent!
Great advice
I don't want to sound like an @55 but if you were my kids I would say this :
You're both 30 ? 30? Ok. it's time to adult. That means you do what ever it takes - what ever it takes - to clean up your debt mess.
That means really putting on the big girl pants and working a job you might dislike, delivering pizzas on the weekend, trimming the fat financially, dumping the money pit house. Etc
No whining about "I don't like this or that job". A few years of hard work even if you don't like it won't kill you and will make ALL the difference.
I honestly don't think you are to the point of being scared enough to really clean this up. Your maturity is in question just getting into this mess.
You are still making excuses as to why you didn't do this or that. Face the problem head on.
Also Debt can ruin most marriages - even those that haven't started yet.
Soon you'll be dreaming of homes and babies and this big ugly debt will be hanging over you both. Hubby will be debt free by 2020 and then saddled to YOUR monster debt. That can create tension. Kill the debt now or you'll be paying for it for a lifetime.
You make good income. Why no real progress for the last 4-5 years?