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Money and Finances
Reply to "Owe 127k; make 190k"
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[quote=Anonymous][quote=Anonymous]OP, you have a high enough income and you can get out of debt in just 2 years. At $190k, your take home pay could be $120k. Can your family of 4 live on $60k? Yes you can. Do this for 2 years and pay off your debt. [/quote] I think given her house situation (virtually no equity so sale would require cash which doesn’t sound doable and then there would still be the need for rent payments so no real financial advantage to this), it will take a bit longer. With $10k take home a month, there would be least $3500 to pay debt. [/quote]
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