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[quote=Anonymous]My family's New Year resolution is to get rid of our debts. Although, our HHI is not too high we are committed to make this happen sooner rather than later.
We are a family of three: HHI Gross: 102K, net after deductions (self-employed taxes, health insurance, flexible spending accts health and dependent care, 401k): $5,200.

[b]$3500 credit card debt [/b]which will be paid off in the next three months by  using a combination of disposable money that we usually use to cover unexpected expenses or as savings although it sits in our checking account
[b]$660 on a personal loan [/b]which will be paid off in March
[b]$183K mortgage loan[/b], 4.5% interest.  Because we put only put 5% down, we need to pay [b]PMI $182.[/b]  
[b]$18K student loan[/b], 6.8% interest. In a repayment plan in which payments increase every two years.  Currently at $206 (about $100 goes to interest)
[b]$12k car loan[/b], 3.5% interest.  $238 (55 payments left)
[b]Retirement: [/b]Husband does not have retirement fund, I started my 401k contributions two years ago and is at $12k (I took out a $4k loan which will be repaid in two years).
[b]Savings: [/b]starting this month we are setting aside $800 to savings, by December will have $9,600 saved

[b]After putting $800 to savings, we will have left about $300 to $400 monthly to either keep to pay for unexpected expenses or to put towards paying some of our debts.
What to pay first?[/b]

Pay more towards the principal of the mortgage loan so that I can get rid of PMI faster and freed up $182 usd per month?
Increase Student loan monthly payment to pay loan faster?
Increase payment on car loan?
Open an IRA account for self-employed husband?
Put everything in the savings account?

Thanks in adavance for your advice![/quote]

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