LivingAlmostLarge- yes, waiting for children would have helped our current situation but I'm not sure that it would have helped our long term situation. If we waited we could have paid off more debt and been in a better financial situation at this point. On the other hand, my wife plans to continue working and her job will likely become more demanding as time goes on which would make it harder to balance working with time off for pregnancy, maternity leave, etc.
My question for you is why debt repayment vs. investing in something that would yield a higher return. $52K of our student loans are scheduled to drop to a rate of 2.65% next year. It seems to me that at some point it becomes a numbers game. Why should I spend $20K / year towards debt that is growing at a rate lower than inflation instead of investing in something I could be earning 6% - 8% on? I am planning on putting together some 'what if' analysis based on the suggestion of jIM_OHIO to understand my options better.
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