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

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[quote=Anonymous][quote=Anonymous]OP, you are full of excuses, trying to justify living in a luxury house, sending kids to pricey camps. Sounds like you aren't willing to set limits or goals, follow a plan, say no to wants, if it means not living a life of the rich. Of course you can dig out of debt if you really wanted to.

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Agree.  Which is why the op is in this position to begin with.  These kind of posters are always the same.  Always.  This person is basically unable to live on at least 14k of take home pay a month.  Which would mean:

3500 housing
500 utilities and bills (cheap cable, no iPhones, simply water, gas and electricity)
2000 (500 a week for groceries, incidentals). Bring your own lunch 
3000 childcare (nanny)
3000 student loan payment 
1750 savings
250 unexpected (child needs new shoes, birthday cake, wedding present etc)

If your both Feds then your metro card should be free.  You should max out retirement.

Eventually you won't have childcare costs and then that money can go to student loans.  I assume you earn a small bonus every year which can go towards clothing, inexpensive vacations, a new couch etc).

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