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[quote=Anonymous][quote=Anonymous]PP -thanks for your post. We are working very hard to pay off debt and don't value expensive vacations/clothes more than college or retirement. I'm not sure I completely agree with you about sharing our financial struggles with our kids. Honestly it's not something I want them to worry about but I do want to teach them to be frugal and live within their means. Did your parents lose their jobs when you were in MS or have some other financial problem? Mostly I feel lucky we have good jobs and have been very fortunate, but it's like constantly being on a financial "diet" that gets tiresome, but it could be a lot worse.[/quote]

Look, if you make 280k and you have consumer debt, you are living beyond your means.  Read the Millionaire Next Door - talks all about how parents don't share info on finances or frugality with their kids to "give them a better life" etc -but just just wind up setting their kids up for failure / debt by not modeling / discussing the hard decisions needed to avoid these critical issues.

From the outside, DH and I probably appear to be wasting our $ to our neighbors - we are very young and take ski vacations, we go to far flung places, but you know what- it took us 8 years to furnish our TH b/c we deferred that to travel b/c we would not compromise college or retirement savings for our vacation preferences. I think PPs point is- you have to compromise somewhere. You want to do everything (it sounds like) and maybe the activities and the private school are super important to you - that's fine. But you have to pick something in your lives to defer so you have have these things and manager your debt. We ditched furniture- what are you ditching? You asked for advice on getting rid of consumer debt, you're getting it, and now you are acting like you don't want it![/quote]

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