Debt

DrewsWife2007

 

Anyone else with baby fever but holding off because of large amounts of credit card/student loan debt? I?ve calculated it will take us years to pay even half of it off. So depressing. And angry with myself for getting into debt.

greengirl0909

We paid off all of our credit card debt prior to getting married.  We do both have student loans, but I've just decided I'll always have that, I mean my kids will be in college before mine is paid off at this rate! However, student loan debt and our

SmileyJay

With making minimum payments we will have 3 more years with a car loan, 10 years with student loans, and 29 years of mortgage payments. 

We really want to have a family and so we have prioritized spending in every way we can. We spend about

DrewsWife2007

 

I totally agree, Krafty Koala. But I'm almost AMA. My eggs are fading fast.

SmileyJay

Using a calculator like this really helps a lot. We use an amortization table in Excel, but it does the same thing. You will be VERY surprised by how much an extra $50 a month can help towards paying things down much faster. <span style="font-size

memali26

We were very very fortunate to come into our marriage with very little debt and have managed to keep it that way. We are actually on track to be completely debt free (minus our mortgage) by the end of 2013. Our debt has never made a significant differe

JNCPro3130

We were in the same situation a couple years back.  When my husband and I got married, we bought a package of tickets for the Braves, went to Key West for 2 weeks, bought a new bed, and basically spent money like crazy.  We had a HUGE amount

SmileyJay

DrewsWife2007:

 

I totally agree, Krafty Koala. But I'm almost AMA. My eggs are fading fast.

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orangehills

Yes! I just signed up here because I have baby brain. But we are going to wait until the end of this year to even get off BC because, while we don't have cc debt, I want one vehicle paid off and a 6month e-savings before we have kids. So we're waiting til

hnid222

We are in the same situation. We have credit card debt, student loans, mortgage, and a car payment. We figure the student loans and mortgage aren't going anywhere for a long time. We've set up a system to have no credit card debt by the fall and the car p

ASmallWonder

IMO there's necessary debt and unnecessary debt.  Mortgages and school loans are a fact of life for most people now whereas credits cards don't NEED to be.  I'd focus on paying those down.  What it boils down to is how your debt stacks up a

greengirl0909

GhostMonkey:

TheCrafty

SmileyJay

Ghost Monkey, you seem so sour. You obviously didn't read my first post where I gave a lot of advice on what my husband and I have done to be able to save money and pay down our debt quickly. We are very responsible with money, but I also realize from

Shayliz

TheCraftyKoala:

I obviously realize that love doesn't buy diapers or formula... what is funny ab

SmileyJay

Valid point. I have no idea what mothering choices OP plans to make, if they have savings built up, or if they can afford the new costs of the baby, I was just trying to be supportive and helpful!

Most people can reduce their expenses and make r

DrewsWife2007

 

Ladies, thank you very much for all your responses. I?m going to be 35 in Sept so it probably wouldn?t kill me to wait another year and just pay off as much as pos

Sony22

DrewsWife2007:

I totally agree, Krafty Koala. But I'm almost AMA. My eggs are fading fast.

Sony22

DrewsWife2007:

Ladies, thank you very much for a

Shayliz

If you are in so much debt that you are concerned about losing your house, you should not TTC.

DrewsWife2007

 

Yes, I already have one four year old son. We are not in a situation where we are going to lose our house, but we are not in great shape either. I just don't want to be constantly worrying that having another baby will put us into a bad

brij2006

DrewsWife2007:

 

Yes, I already have one four year old son. We are not in a situation where we are going to lose