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Reply to "Single parent in need of debt management/savings advice"
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[quote=Anonymous]I would spend every single cent aggressively paying down that debt. I know it's only at 2.whatever but it is a HUGE debt hanging over your head and I know that would affect my well-being every day. I'm generally pretty critical of people's budgets but I think you're doing a WONDERFUL job budgeting. If you use that extra $4,700 ish (your overage plus the extra you're already paying on the loan) you can pay it off in around 4 years (maybe a bit more after interest is taken into account). Then, if you keep saving aggressively, you will have enough for a down payment on a house. And hopefully you'll be making more at that point so you'll be able to save that down payment even faster. That would be exactly how I would handle it! Good luck OP![/quote]
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