I have no issues with your debt either house or student loans. I have a mortgage similar to yours and student debt, but not as much.
I already mentioned the ROI of your student loans seems quite hefty considering you are making $210/year at 31. That's nothing to sniff at and will likely go higher.
I think the problem is people think only get rid of debt. Good, but you are in an income where you need to consider lowering taxable income because it saves you more like myself and Jim have pointed out.
Another thing is what's done is done. More than buying an expensive house (which I also have), is not having kids. BUT realistically who does that?
You and I both know your mortgage savings is minimal when compared to your daycare costs. But heck you are doing fine as long as you keep on track to not start spending more.
So my vote is buffer ef, then look at debt repayment.
|