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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Do you feel like you shouldn't spend any money on anything but bare necessities? We have pretty significant consumer debt and I know we should be putting every dime towards paying it off. We also should be saving money for college (paying off the debt will help a lot with paying for college). If we watch every penny we might be able to pay it off in 3 or 4 years. But that means we don't do anything extra (take kids to the movies, sign up for kid sports, go anywhere, buy DD "cool" clothes etc) It means our kids can't do a lot of what their friends do (private school). But I know the sooner we pay it off the more money we save. It just means restricting our lifestyle a lot. If you have debt, are you paying it off aggressively and not spending on much of anything?[/quote]

You shouldn't be doing private school unless you are getting a discount, Some schools will give you a tuition discount even if the debt is reckless and at fault of the parents (credit cards, fancy cars, mortgage refis, vacations etc...)[/quote]

Grandparents pay for catholic school.[/quote]

If grandparents are willing to help, I'd pull the kids from private school (which IMO is a frivilious expense) and ask for that money to help pay down debt instead.[/quote]

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