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Money and Finances
Reply to "Earning Well but Drowning in Debt...how to dig out?"
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[quote=Anonymous]You do not need a person other than yourselves. You need s budget. It's not rocket science. Cut up all but one of your credit cards. No more eating out or discretionary sod driving. Follow dave Ramsey's baby steps, starting with prioritizing an emergency fund. Then focus on high interest debt, then student loans. Honestly vacations are not a necessity, especially in your case. You have to be willing to make a few sacrifices here if you want to pay off $250k in debt. I had $100k in debt on about 1/2 that hhi, and paid off 70k of in in 5 years, by paying double on the loans. 1700 vs 800 a month. Now I only have the rest, 25k at 1% interest. [/quote]
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