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Reply to "Single parent in need of debt management/savings advice"
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[quote=Anonymous]At $1000/month for your student loans, it will take almost 20+ years to pay off. I would double or triple the student loan payment even if the interest rate is low - and put nothing into the 529 right now. Plus, chances are you wont qualify for much of a mortgage with all that debt. Sounds like you believe you net $4000/mo after your bills. This is probably not correct - have you signed up for mint.com yet? Then you can see what you really spend on what every month. $200/week is totally not enough for almost everything you spend money on other than regular bills. [/quote]
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