Reply to Earning Well but Drowning in Debt...how to dig out?

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[quote=Anonymous][quote=Anonymous]

I do have a child who is musically gifted. He is not in Kindergarten as other posters have alluded to, but is in older grade in elementary school. It is not some bragging right for us wannabees to flaunt. He has been flagged as gifted by his school, [b]and is playing his chosen instrument at a pre-professional level at a very young age, with just a couple years of training[/b]. Elementary school band/orchestra doesn't cut it at this point.  Sorry to  disappoint you naysayers. We are doing our best to support him. 
[/quote]

Since he is pre-professional now, what is going to happen in a year? He becomes a professional musician in the 2nd grade?  Really? He is that much of a musical prodigy? And if so, isn't that good news since as a professional he can start earning money.

Seriously though, if he is already at that level, then stopping lessons for a year or two or just dialing back isn't going to ruin his talent.  And try and remember that he might very well lose interest in stop playing in a couple years.  And yes, it's only natural for a parent to brag about their gifted child and if you prattle on here about how amazingly gifted he is, irl you are doing the same and worse.

The real problem isn't the music lessons though. It's they way you frame the situation to believe that you have to provide these lessons at the expense of getting out of serious debt.  If not these music lessons, something else will come along that one of your kids will be gifted in and you will then start pouring money into that.

The reality is despite the amount of income and debt you and your DH make combined, you can only afford a middle class to lower middle class lifestyle in this area and you are trying to maintain an upper middle class lifestyle.  3 kids in this area is tough.  It's tough in a way that bumps you down the socioeconomic level very quickly if you do not truly have a very HHI and little debt.

PP were not being nasty when they suggested moving.  Long term, it really is a better economic choice unless you really can change your mindset now and get rid of the crippling debt.[/quote]

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