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Reply to "Another "need advice" subject - your input, please."
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[quote=Anonymous]1 family loan because it's the right thing to do 2 consumer loans, start with the highest interest one first, when that is paid off, apply what you were paying to that one to the next, and so on 3 student loans last Also: Get rid of the cars, absolutely no reason why 3 years ago you went out and spent 50k on vehicles in your situation. It's the only debt you can get rid of Find out if you can use money from your IRA or 401 to pay down some debt. Some, not all. There is a clause where you can claim hardship, once in a lifetime, and get $ out tax free. You need to look into it. Not sure if it's 401k or IRA but you need to look into it, not just "oh I think that's the case, not sure" Sell the house and rent. You have 3 kids to support with college coming up. You need to be debt free or darn close to it when they go if you want to provide any help at all. You can't afford to be a homeowner. Can you expand on why you need summer camps if you have a nanny?[/quote]
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