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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, is that 3k in savings your only cash savings or do you also have a separate emergency fund that you're not counting?

As for the comments regarding selling the house and the realtor fees, I think some of those decisions would be based on how much equity/appreciation OP has in his home.  If he paid $600k (assuming little to no down payment) for it 10 years ago and it's now worth $800k, there is a chance he could net quite a profit even with the associated fees. [/quote]

We have about 25K in a separate savings account, but we do not touch it.

Also, we have roughly 100K in equity in our house.  [/quote]

Yikes.  How on earth do you make over 200k but only have 100k in equity?  You really need to figure out what you've been spending your money on.  I suggest opening a checking account and having one person's salary deposited into the account.  Have this account used entirely for loan repayment.  Don't use the account for anything else or even carry a debit card with you.

Learn to live on one salary. [/quote]

As I posted earlier, we were wrong to help out aging parents, as they were what we spent a great deal of money on. Our mistake and in the past.[/quote]

You are never wrong to help out the elderly, especially when they're your parents. Anyone who harangues you for that is lost in a way that goes far beyond money.[/quote]

I posted above saying I couldn't believe you had credit card debt in your 50's. I apologize. Money spent on elderly parents is not irresponsible. I think it is honorable.

We have a higher HHI so we are no longer in debt but our savings are also not as great as they can be due to supporting my parents financially. I could not live with abandoning my parents while they were old and sick. I could live with not paying for my children's college education. Hopefully you can do both but if it was one or the other, I would choose to help my parents.[/quote]

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