Quote:
Originally Posted by Broken Arrow
At the risk of sounding like a jerk but, $100k in 5 years seem doable. It's certainly not easy (guessing relative cost of living in the midwest), but doable nontheless.
Regardless, their achievement is certainly commendable.
I wasn't as deep in debt as they were (after divorce), but I do remember wondering just what I could have done if I simply didn't have my debt to begin with. The possibilities and the progress that could have been made.
Oh well. Can't live in the past of course. I'm debt-free now anyways and I'm just going to keep doing whatever I can.
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i don't think you sound like a jerk, but then again i agree! I know working numbers on a free snowballing site, our families debt (49k) at the time could have been paid off by just snowballing the minimum payments and about 200$ extra a month in 5 years, so i know that is possible, especially if you still to the snowballing. As long as you have enough income it can be done! We are working on our debt still and it will not take us 5 years to pay it off i'm sure. You just have to know your numbers and have a plan and stick to it, and if you deter, you must get back on the debt eliminating train.