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

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[quote=Anonymous]Op has 3 kids, 2 of whom will be in public school next year. Its better for her to stay outside DC in the long term to avoid private school costs.

OP, can you rent out your home for a short while (say until DC3 goes to KG) and rent something cheaper, maybe in a different location? perhaps you could find a bungalow somewhere like Germantown/Gaithersburg (not sure if you are MD or Va) and rent-out your close-in home for a few years, then come back to it? A friend of mine did this when she became a SAHM for a few years - they rented out their place in Arlington and temporarily rented in Herndon. They were able to save a lot of money. When it was time for the youngest to start school and she returned back to work, they moved back to their more intown neighborhood.

it might be something to consider for a few years to help you have additional savings.

another thing is - and I don't mean to insult you - but I grew up in a 3bedroom in MoCo with 7 people, 1600 sq feet. I think you feel like you are bursting because you may have too many things. You might feel less stressed about where you live if you purge a bit and only keep what is essential. You can try and sell some of the unnecessary items on CL for some added money.

definitely get a nanny for the summer - its much cheaper than camp. might be able to get a college student. [/quote]

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