3 months ago I finally got a full-time job after 3 years of having to stick with part time jobs and my wife's full time job. Now we can get even more serious about debt paydown with a total net take home of 3.5k/month.
We are on our second mortgage. We sold our first house for a profit. 45k is the mortgage we have now with $400 monthly payments and I'm remodeling one room at a time.
Less than 12k car loan at $292. /month
About 4k on one credit card and about 9k on a second credit card.
We have medical bills from our baby being born recently. Over 4k still waiting on more bills to come.
We both have student loans under the income driven payment plan about 50k total.
We have 12k cash emergency fund. I setup monthly payments on the medical bills since they are interest free. I have been putting all extra cash on the credit cards. Without going under 12k savings.
I know I'm moving the Right direction, but debt paydown down is so slow and boring.
Any thoughts and lectures you have for me bring it on.
We are on our second mortgage. We sold our first house for a profit. 45k is the mortgage we have now with $400 monthly payments and I'm remodeling one room at a time.
Less than 12k car loan at $292. /month
About 4k on one credit card and about 9k on a second credit card.
We have medical bills from our baby being born recently. Over 4k still waiting on more bills to come.
We both have student loans under the income driven payment plan about 50k total.
We have 12k cash emergency fund. I setup monthly payments on the medical bills since they are interest free. I have been putting all extra cash on the credit cards. Without going under 12k savings.
I know I'm moving the Right direction, but debt paydown down is so slow and boring.
Any thoughts and lectures you have for me bring it on.
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