[lennygaudy]

Thanks everyone! That's really helpful advice. By sticking to this plan I'll be able to pay off the mastercard, Ikea card, and 2 of the higher-interest student loans by the end of the year. Then next year I'll get rid of the remaining student loans and then start focusing on the equity line last.

One question though, student loans #1 and #6 are subsidized which means they are not accruing interest while I'm in school (at least until 2012). Given that should I pay down the equity line first before sending anything to these loans since the equity line does have interest already and those 2 loans won't have interest for some time?

Also, one of the things I need to do is start an emergency fund because right now I don't have any $ saved up in case anything happens. Do you think I should start doing this only after all my student loans are paid off or should I do this beginning in January when I'll only have the lower-rate student loans to deal with. Maybe I can send less to each loan monthly and put the rest away?

Once I'm done with the student loans I'd also like to increase my contribution to my 401k since right now I only do the minimum (3%-my co. doesn't offer matching), I'm only 29 but still I know its important so I'll increase it as soon as I lower my debt and have a nice savings to fall back on.

Thanks again! And SavingCash thanks for the spreadsheet, looks very promising =)

Oh by the way I called my credit card company and told them I was going to transfer my balance so they offered to give me a promotional rate of 5.99% for 9 months (vs. the 14.99% I currently have). This should help me out some especially since I plan to pay it off in less than 9 months.