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Reply to "Single parent in need of debt management/savings advice"
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[quote=Anonymous]Maybe move to a less expensive place just outside of DC and hire a live in nanny or perhaps nanny share with another parent. I would focus on paying off the student loan because it is a *guaranteed* return for you (less interest paid) and it makes you better qualified to buy a house later. Investing in the market could reap you nice returns or you could actually wind up losing money - there is that risk. Do set some money aside for retirement and your daughter's education - you will not regret doing so. But get that loan off your back - just think how rich you'll feel when that loan is paid off and your income rises (with job experience). Good luck![/quote]
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