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[quote=Anonymous][quote=Anonymous]OP when you add in loans & food your burn rate is already going to be $8000/m. Husband needs to work while kids are in daycare/preschool. Also, you can cut those phone bills in half by asking; internet is too high; car note is insanely high, you could own a good reliable CPO car in two years of what you’re paying to lease. If you’re going to buy, it should be a 2 BR condo that you live a few years till kids are school age, then you can rent it out for income after or sell & roll the equity into a small house. You really need to throw everything at those loans or you will pay them twice over in interest. Does your employer offer any student loan repayment?[/quote]

But I doubt they will do any of this.  She's 5 years out of law school.  3 years into covid without any loan payments.  Yet nothing is saved to pay for those.  They apparently borrowed the full amount for the car, hence the $722 monthly payment.  
The student loans if there is ~10 years left will be $3300/month on 300K at 6%.

Their current rent+student loan+car loan is $6822/month. Over 27% of her gross pay just for that.  In reality, she is probably only taking home at most 18K/month after taxes.  So the rent/studentloan/car loan is 38% of take-home pay---with no retirement savings or college savings at all.  It is simply not sustainable.  
Since you cannot go back in time to make changes (wait to have kids, continue paying your loans during covid or at least saving it all in the bank to make a huge payment now, etc) , you now need to live with your choices.  And that means renting the cheapest place you can (ideally only 2 bedrooms to save),  Do you really want to wait until your kids are teens before you are done paying your student loans? Life will be financially much easier if you pay off those loans ASAP.  It won't be fun, but it is something that needs to happen.  
As PP have mentioned, kids get more expensive.  They will want to do activities, you will need to be saving for college soon otherwise you will "never really get rid of your student loans---just move onto saving all you are paying for your kids to go to school".  Also if you take 10 years to pay those loans you are paying a ton in interest--not fiscally responsible[/quote]

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